Consolidated Net Debt definition
Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) Available Cash.
Consolidated Net Debt means as of any date, all Indebtedness of the Company and its Consolidated Subsidiaries measured on a consolidated basis as of such date, but excluding Indebtedness of the type described in subsection (i) of the definition thereto less all unrestricted cash and Cash Equivalents as of such date.
Consolidated Net Debt means, at any time, the remainder of (I) the sum of (without duplication) (i) all Indebtedness of the U.S. Borrower and its Consolidated Subsidiaries (on a consolidated basis) as would be required to be reflected as debt or Capital Leases on the liability side of a consolidated balance sheet of the U.S. Borrower and its Consolidated Subsidiaries in accordance with U.S. GAAP, (ii) all Indebtedness of the U.S. Borrower and its Consolidated Subsidiaries of the type described in clauses (ii) and (vii) of the definition of “Indebtedness” and (iii) all Contingent Obligations of the U.S. Borrower and its Consolidated Subsidiaries in respect of Indebtedness of any third Person of the type referred to in preceding clauses (i) and (ii) minus (II) the aggregate amount of Unrestricted Cash of the U.S. Borrower and its Subsidiaries at such time to the extent same would be reflected on a consolidated balance sheet of the U.S. Borrower if same were prepared at such time; provided that (w) the amount available to be drawn under all letters of credit, bankers’ acceptances, bank guaranties and similar obligations issued for the account of the U.S. Borrower or any of its Consolidated Subsidiaries (but excluding, for avoidance of doubt, all unpaid drawings or other monetary obligations owing in respect of such letters of credit, bankers’ acceptances, bank guaranties and similar obligations) shall not be included in any determination of “Consolidated Net Debt,” (x) for purposes of this definition, the amount of Indebtedness in respect of the Interest Rate Protection Agreements, Other Hedging Agreements and Commodity Agreements shall be at any time (A) in the case of any such agreements entered into for speculative purposes, the unrealized net loss position, if any, of the U.S. Borrower and/or its Consolidated Subsidiaries thereunder on a marked-to-market basis determined no more than one month prior to such time and (B) in the case of any other Interest Rate Protection Agreement, Other Hedging Agreement or Commodity Agreement, zero, (y) obligations arising under Synthetic Leases shall be included in determining Consolidated Net Debt and (z) any Preferred Equity of the U.S. Borrower or any of its Consolidated Subsidiaries shall be treated as Indebtedness, with an amount equal to the greater of the liquidation preference or the maximum fixed repurchase price of any such outstanding Preferred Equity deemed to be a component of Consolidated Net Debt.
Examples of Consolidated Net Debt in a sentence
Consolidated Net Debt: as of any date of determination, the Borrowed Money of Ultimate Parent and its Subsidiaries as of such date less the amount of Qualified Cash of Ultimate Parent and its Subsidiaries as of such date.
Consolidated Net Debt shall be determined by deducting consolidated cash from consolidated project specific and other financing.
Book Capitalization is equal to Consolidated Net Debt plus minority interest plus shareholders’ equity.
The Borrower will not permit Consolidated Net Debt as of the last day of any Fiscal Quarter to exceed 65% of Total Capitalization as of such date.
The Borrower shall maintain, as of the last day of each fiscal quarter commencing with the first fiscal quarter ending after the Effective Date, a ratio of Consolidated Net Debt as of such date to Total Capitalization as of such date of no greater than 0.65 to 1.00.
More Definitions of Consolidated Net Debt
Consolidated Net Debt at any date shall mean Consolidated Debt of the Borrower and its Subsidiaries on such date minus cash and Permitted Investments of the Borrower and its Subsidiaries that are Loan Parties on such date in an amount not to exceed U.S. $5.0 million, to the extent the same (w) is not being held as cash collateral (other than as Collateral for the Facilities), (x) does not constitute escrowed funds for any purpose, (y) does not represent a minimum balance requirement and (z) is not subject to other restrictions on withdrawal.
Consolidated Net Debt means, as of any date of determination, the sum without duplication of (1) the total amount of Debt of the Issuer and its Restricted Subsidiaries on a consolidated basis, minus (2) the sum without duplication of (i) all Debt outstanding under Minority Shareholder Loans, (ii) any Debt which is a contingent obligation of the Issuer or its Restricted Subsidiaries on such date, (iii) all Debt permitted by clause (3) of Section 4.09(b), (iv) all Debt permitted by clause (17) of Section 4.09(b) and (v) all Debt outstanding under any Capital Lease Obligation or operating lease; minus (3) the amount of cash and Cash Equivalents (other than cash or Cash Equivalents received from the Incurrence of Debt by the Issuer or any of its Restricted Subsidiaries to the extent such cash or Cash Equivalents has not been subsequently applied or used for any purpose not prohibited by this Indenture) of the Issuer and its Restricted Subsidiaries on a consolidated basis that would be stated on the statement of financial position of the Issuer as of such date in accordance with IFRS, excluding, for the avoidance of doubt, Restricted Cash.
Consolidated Net Debt at any date shall mean (A) Consolidated Debt on such date less (B) unrestricted cash or marketable securities (determined in accordance with US GAAP) of Holdings and its Subsidiaries on such date.
Consolidated Net Debt means (x) any Indebtedness of the Company and its Subsidiaries minus (y) the Company’s and its Subsidiaries’ cash on hand and in banks, and any liquid investments readily convertible to cash, excluding any cash held in escrow or otherwise restricted.
Consolidated Net Debt means, as of any date of determination, Consolidated Total Debt outstanding on such date, minus an aggregate amount of cash and Cash Equivalents included in the consolidated balance sheet (excluding the notes thereto) of the Parent Borrower and its Restricted Subsidiaries as of such date, excluding cash and Cash Equivalents which are listed as “Restricted” on such balance sheet; provided that for purposes of determining the Total Net Leverage Ratio for purposes of Sections 7.01(gg) and 7.03(r) only, the cash proceeds of any Incremental Equivalent Debt and/or other Indebtedness incurred under such Sections at the time of such determination shall not be deemed to be included on the consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries.
Consolidated Net Debt means, on the basis of the consolidated financial statements of the Issuer, the Financial Indebtedness, less the amount of “cash” (“disponibilités”) and “marketable securities” (“valeurs mobilières de placement”) and any items equivalent to the assets adjusted pursuant the IAS 7 standard;
Consolidated Net Debt means, on any date of determination, (a) Consolidated Total Debt minus (b) the positive difference (if any) between (i) the aggregate amount of cash and Cash Equivalents, not to exceed the lesser of (x) an amount equal to 7.5% of the Borrowing Base then in effect and (y) $50,000,000, held in Deposit Accounts or Securities Accounts of the Credit Parties that are subject to Account Control Agreements and (ii) the amount of any Borrowing Base Deficiency existing as of such date.