Examples of Consolidated Total Net Indebtedness in a sentence
Consolidated Total Net Indebtedness shall be measured at the end of each fiscal quarter or the quarter most recently ended if such date is not a fiscal quarter end.
Consolidated Total Net Indebtedness shall mean as of any date of determination the aggregate of all Indebtedness of the Company and its Subsidiaries (excluding the indebtedness described in Section (iv) of the definition of Indebtedness) as of such date determined and consolidated in accordance with GAAP minus Cash on Hand in excess of $15,000,000 which is held by the Company and its Subsidiaries.
The Borrower will not permit its ratio of Consolidated Total Net Indebtedness as of the last day each fiscal quarter, commencing with the fiscal quarter ending March 31, 2020, to EBITDAX for the period ending on such day to be greater than 4.00 to 1.00.
In addition, the aggregate amount of Indebtedness which would be included in Consolidated Total Net Indebtedness (including Contingent Obligations that would be included therein) of the U.S. Borrower and its Subsidiaries as of the Initial Borrowing Date and which is to remain outstanding after giving effect to the Transaction not so listed on Schedule VII does not exceed $25,000,000.
The determination of Put Right Enterprise Value, the Consolidated Total Net Indebtedness, the Applicable EBITDA Amount, the Put Multiple and the resulting Put Right Total Equity Value calculated with reference thereto, shall become final and binding on the parties on the date the Valuation Firm delivers its final resolution in writing to the parties.