Consolidated Total Net Borrowings means, for any Measurement Period, Consolidated Total Borrowings less Consolidated Cash and Cash Equivalents each as at the last day of that Measurement Period.
Consolidated Total Net Borrowings means at any time Consolidated Total Borrowings less Consolidated Eligible Cash and Cash Equivalents;
Consolidated Total Net Borrowings means, for any Measurement Period, Consolidated Total Borrowings less Consolidated Cash and CashEquivalents each as at the last day of that Measurement Period.
Examples of Consolidated Total Net Borrowings in a sentence
The Issuer must ensure that Consolidated Total Net Borrowings do not, as at each Reference Date, exceed 60 per cent.
More Definitions of Consolidated Total Net Borrowings
Consolidated Total Net Borrowings means, at any time, (without double counting) Consolidated Total Borrowings at that time less the aggregate amount of cash and Cash Equivalent Investments held by any member of the Group at that time (but excluding any Phase 1B Cash and any amount standing to the credit of the Interest Deposit Account, the Loan Repayment Account (each as defined under the Senior Facilities Agreement), any replacements of these bank accounts and any other bank accounts of the Senior Borrower which are segregated for purposes of servicing any Financial Indebtedness);
Consolidated Total Net Borrowings has the meaning given to that term in Clause 19.3 (Financial Definitions);
Consolidated Total Net Borrowings in respect of the Smurfit Kappa Funding Group at any time means Consolidated Total Borrowings less the aggregate amount at that time of all Cash and Cash Equivalents held by any member of the Smurfit Kappa Funding Group (including any cash or cash equivalents which would constitute Cash or Cash Equivalents but for the fact that they are subject to a Security Interest).
Consolidated Total Net Borrowings means, at any time, Consolidated Total Borrowings less the aggregate amount at that time of all Cash and Cash Equivalents held by members of the Group;
Consolidated Total Net Borrowings means at any time Consolidated Total Borrowings of the AEL Group less the value of Cash Equivalents of the AEL Group at that time.
Consolidated Total Net Borrowings in respect of the JSG Funding Group at any time means Consolidated Total Borrowings less the aggregate amount at that time of all Cash and Cash Equivalents held by any member of the JSG Funding Group (including any cash or cash equivalents which would constitute Cash or Cash Equivalents but for the fact that they are subject to a Security Interest).
Consolidated Total Net Borrowings means, for any Measurement Period, Consolidated Total Borrowings less Consolidated Cash and Cash