Companies Debt definition

Companies Debt means the interest bearing indebtedness (plus any accrued interest or associated prepayment or other penalties or costs incurred in connection with the transactions contemplated hereby on such indebtedness) of the Companies, their respective Subsidiaries and certain other entities in which one or more of the Companies or their Subsidiaries own an interest, for borrowed money from third parties other than the Shareholders, the Companies or their respective Subsidiaries or Affiliates, computed pursuant to Schedule 1.1(d) and the percentages reflected therein; provided that Companies Debt shall not -------- include (i) indebtedness of the Companies to the Shareholders or indebtedness under the Companies lines of credit, in each case to the extent included as a current liability in calculating Working Capital as of the Effective Date as set forth in the Final Closing Date Adjustment Schedules or (ii) Xxxxxx Funding Debt.
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Companies Debt means the interest bearing indebtedness (plus any accrued interest on such indebtedness) of the Companies, their respective Subsidiaries and certain other entities in which one or more of the Companies or their Subsidiaries own an interest, for borrowed money from third parties other than the Shareholders, the Companies or their respective Subsidiaries or Affiliates, computed pursuant to Schedule 1.1(c) and the percentages reflected therein. For example, in computing Companies Debt, 50% of the applicable indebtedness of Smithfield-Xxxxxxx'x Farms, Xxxxxxx'x Foods of Virginia, Inc., Xxxxxxx'x Farms of Virginia, Inc., Granjas Carroll de Mexico, S.A. de C.V. and Tar Heel Turkey hatchery, Inc., 49% of the applicable indebtedness of Carolina Turkeys and the percentage ownership of Xxxxxxx'x Foods of Utah, Inc. in Circle Four Farms, Circle Four Realty and Circle Four Sales as of the Effective Date, of the applicable indebtedness xx Xxxxxx Xxxx Xxxxx, Xxxxxx Four Realty and Circle Four Sales, shall be included.
Sample 1
Companies Debt means the U.S. dollar equivalent (calculated using the Currency Conversion Ratio as of the Closing Date) outstanding as of the Closing Date (including all unpaid interest accrued thereon to the Closing Date) of all (i) financial obligations of the Companies and Companies Subsidiaries for borrowed money including the Intra-Group Indebtedness or with respect to cash deposits or advances of any kind other than customer pre-payments made in the ordinary course of business, (ii) all obligations of the Companies or Company Subsidiaries evidenced by bonds, debentures, notes or similar instruments and (iii) all obligations of the Companies or Company Subsidiaries upon which interest charges are customarily paid, other than trade credit incurred in the ordinary course of business consistent with past practices.
Sample 1

Examples of Companies Debt in a sentence

  • Debt instrument format.1. This Direction may be cited as the Finance Companies (Debt Instruments) Direction No. 3 of 2013 and shall apply to every finance company licensed in terms of the Finance Business Act, No.42 of 2011, and shall come into operation from the date of this Direction.

  • PONNAIYAN, Minister for Law-Minister in-charge of Law, Courts, Prisons, Legislation on Weights and Measures, Registration of Companies, Debt Relief including Legislation on Money Lending and Legislation on Chits.

  • In terms of the Finance Companies (Debt Instruments) Direction No. 03 of 2013 SLFL has obtained approval of the Central Bank of Sri Lanka to proceed with the issuance of Listed Rated Unsecured Subordinated Redeemable Debentures amounting to Rs. 1 Bn via their letter dated 5th July 2017 subject to compliance with the following directions.

  • In terms of the Finance Companies (Debt Instruments) Direction No. 03 of 2013 and the Finance Companies (Interest Rates) Direction No. 01 of 2014, SLFL has obtained approval of the Central Bank of Sri Lanka for listing of Debentures.

  • The banks require that products and procedures are handled as prescribed.Employees of service Providers such as Software Companies, Debt Collection agents, Business correspondents (financial inclusion), Relationship executives: Specific process knowledge, domain knowledge for marketing and Do’s and Don’ts.

  • The Company has obtained the approval to mobilize the funds via this Debenture Issue from Central Bank of Sri Lanka (CBSL) as per Finance Companies (Debt Instrument) Directions.

  • SADIQ PASHA, Minister for Law- Minister in-charge of Law, Courts, Prisons, Legislation on Weights and Measures, Registration of Companies, Debt Relief including Legislation on Money Lending and Legislation on Chits and Wakf.

  • The Revenue Law Committee recently commented on the Finance Bill 2009: Taxation of the Foreign Profits of Companies: Debt Cap and International Movement of Capital Provisions, further to its comments to the Government on the original draft proposals relating to the taxation of foreign profits, made on 3 March 2009.

  • The Companies recommend the following capital structure, based upon the actual capital structure of their holding company Great Plains Energy Incorporated (“GPE”), projected as of August 31, 2012:Proposed Capital Structure for the Companies Debt 46.918% Preferred Stock 0.607% Common Equity 52.475% TOTAL 100.00% See Hadaway KCP&L Direct at 5.

  • On 8 March 2013, the Hellenic Football Federation also sent the PSC Decision to the Appellant.

Related to Companies Debt

  • Capital Markets Debt means any debt securities or debt financing issued pursuant to an indenture, notes purchase agreement or similar financing arrangement (but excluding any credit agreement) whether offered pursuant to a registration statement under the Securities Act or under an exemption from the registration requirements of the Securities Act.

  • External Indebtedness means Indebtedness which is payable, or at the option of its Holder may be paid, (i) in a currency or by reference to a currency other than the currency of Mexico, (ii) to a person resident or having its head office or its principal place of business outside Mexico and (iii) outside the territory of Mexico.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Capital Markets Indebtedness means any borrowing or other Indebtedness of any person (other than Project Finance Indebtedness) which is in the form of or represented by any bonds, notes, depositary receipts or other securities for the time being quoted or listed, with the agreement of the Company and/or the Guarantor, on any stock exchange.

  • External Debt means obligations (other than the Notes) of, or guaranteed by, the Republic for borrowed money or evidenced by bonds, notes or other similar instruments denominated or payable, or those which at the option of the holder thereof are so denominated or payable, in a currency other than the local currency of the Republic.

  • Capital Market Indebtedness means any obligation for the payment of borrowed money which is, in the form of, or represented or evidenced by bonds, or other instruments which are, or are capable of being, listed, quoted, dealt in or traded on any stock exchange or in any organised market and any guarantee or other indemnity in respect of such obligation; and

  • Surviving Indebtedness has the meaning specified in Section 7.02(s).

  • Public External Indebtedness means any External Indebtedness which is in the form of, or represented by, notes, bonds or other securities which are for the time being quoted, listed or ordinarily dealt in on any stock exchange.

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Financial Indebtedness means any indebtedness for or in respect of:

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Company Indebtedness means all Indebtedness of the Acquired Company and the Acquired Subsidiaries, including (with respect to calculations at or as of the Closing Date) the amount of any prepayment penalty or premium for redemption or repayment thereof on the Closing Date, all calculated in accordance with the Accounting Principles.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries that constitutes Collateral.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before giving effect to the consummation of the Transaction.

  • Senior Funded Debt means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • Acquisition Indebtedness means any Indebtedness of the Company or any Subsidiary that has been incurred for the purpose of financing, in whole or in part, an Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of any related bridge facilities or any pre-existing Indebtedness of the Persons or assets to be acquired); provided that either (a) the release of the proceeds thereof to the Company and the Subsidiaries is contingent upon the substantially simultaneous consummation of such Acquisition (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition, or if such Acquisition is otherwise not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness, then, in each case, such proceeds are, and pursuant to the terms of such definitive documentation are required to be, promptly applied to satisfy and discharge all obligations of the Company and the Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or a similar provision) if such Acquisition is not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition or such Acquisition is otherwise not consummated by the date so specified, such Indebtedness is, and pursuant to such “special mandatory redemption” (or similar) provision is required to be, redeemed or otherwise satisfied and discharged within 90 days of such termination or such specified date, as the case may be).