Adjusted Net Debt definition

Adjusted Net Debt with respect to any Person on any date of determination, (a) the aggregate principal amount of Indebtedness of such Person on such date (including, without limitation, letter of credit obligations of such Person) minus (b) the sum of all cash, time deposits, marketable securities and Liquid Inventory of such Person on such date.

Adjusted Net Debt means, on the basis of the consolidated financial statements of the Issuer, the Consolidated Net Debt, less the amount of the Real Estate Debt;

Adjusted Net Debt means, as of any date of determination:

Examples of Adjusted Net Debt in a sentence

• Adjusted Net Debt is Net Debt reduced by 1) for each project under construction or in design, the lesser of i) outstanding lump-sum reimbursement amounts and ii) the cost to date, 2) 40% times the amount by which the cost to date exceeds total lump-sum reimbursement amounts for each project under construction or in design and 3) outstanding lump-sum reimbursement amounts for projects previously completed.

• Adjusted Net Debt is a non-GAAP financial measure that the Company defines as Net Debt, plus operating and financing lease obligations.

• Certain prior year amounts have been updated to conform to the current year Cash NOI definition.Net Debt and Adjusted Net Debt.

• The Company’s method of calculating Net Debt and Adjusted Net Debt may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

• Adjusted EBITDAR, Adjusted EBITDA, Adjusted EBITDA after cash financing lease payments, Net Debt, and Adjusted Net Debt are financial measures that are not calculated in accordance with GAAP.

More Definitions of Adjusted Net Debt

Adjusted Net Debt means, with respect to any Person on any date of determination, (a) the aggregate principal amount of Indebtedness of such Person on such date (including, without limitation, letter of credit obligations of such Person) minus (b) the sum of all cash, time deposits, marketable securities and Liquid Inventory of such Person on such date.

Adjusted Net Debt equals Net Debt, as adjusted below, on the applicable date. Adjusted EBITDA and Adjusted Net Debt shall be determined by making the following adjustments to the Company's EBITDA and to Net Debt:

Adjusted Net Debt means, as of any date of determination, an amount equal to the difference between (a) the outstanding principal amount of the Loan, minus, (b) the difference between (i) the sum of (A) cash and (B) Cash Equivalents, in each case, held by the Borrower on a freely available and unencumbered basis (other than Security Interests set forth in clauses (a), (b), (g) or (h) of the definition of “Permitted Security Interests”) subject to the perfected Security Interest of the Security Trustee, minus, (ii) fifty percent (50%) of the Minimum Liquidity required pursuant to Clause 12.4;

Adjusted Net Debt means the sum of:

Adjusted Net Debt means, as of any date of determination, Net Debt of CSN and its Restricted Subsidiaries, as set forth in the most recent consolidated balance sheet of CSN that has been delivered to the trustee pursuant to the indenture, plus, without duplication, the proportionate Net Debt of MRS.

Adjusted Net Debt means (without duplication), with respect to the Acquired Entities and their Subsidiaries, the net amount, determined as of the Measurement Time, of (a) sum of (i) Closing Indebtedness plus (ii) Excess Seller Transaction Expenses less (b) Book Cash. Provided that Excess Seller Transaction Expenses are only included if such number is greater than zero.

Adjusted Net Debt means the Company’s total liability (including, but not limited to, short and long term debts including the Loan, payables, taxes, together with any related interest, or penalties, and customer prepayments, except the dividends declared in Clause 2.3(i), minus all accounts receivable, inventory, cash and cash equivalents.