Group Indebtedness definition

Group Indebtedness means the Indebtedness of the Group, as shown in, or determined by reference to, the Group’s latest audited consolidated annual financial statements;

Group Indebtedness means any financial indebtedness between a Seller (or any affiliate of a Seller), as creditor and any other Seller, as debtor.

Group Indebtedness means all outstanding and unpaid amounts due by any Group Company as at the Completion Date in relation to any third party financial indebtedness incurred by any Group Company.

Examples of Group Indebtedness in a sentence

• Where the security trustee under the Senior Borrower Group Indebtedness is not willing or able to exercise its discretion, approval from relevant qualifying Senior Borrower Secured Creditors is required.

• The Group’s activities are exposed to various financial risks, the most significant of which are foreign currency risk, interest rate risk, credit risk, liquidity risk, inflation risk and risks related to Group Indebtedness.

• No part of the consideration to be distributed by Distributing 1 in the Controlled 1 External Distribution will be received by Parent as a creditor, employee, or in any capacity other than that of a shareholder of Distributing 1, except for the receipt of the Controlled 1 Note by Parent in its capacity as a creditor in full or partial satisfaction of the remainder of the Distributing 1 Group Indebtedness.

• As long as any payment obligations from the Notes remain outstanding in accordance with these Terms and Conditions, the Issuer or any Material Subsidiary will not enter into any transaction that would directly or indirectly result in any increase of the Group Indebtedness, where as a result of such transaction, (i) the Consolidated Net Indebtedness Ratio would exceed 3.50, or (ii) an Event of Default would occur, threaten to occur or continue.

• The Distributing 1 Group Indebtedness was incurred in the ordinary course of business and has commercially reasonable arm’s length terms.

• Controlled 2 will distribute to Distributing 1 a note (the “Controlled 2 Note”) in the amount equal to Controlled 2’s allocable share of the current Distributing 1 Group Indebtedness.

• No part of the consideration to be distributed by Distributing 1 in the Controlled 2 External Distribution will be received by Parent as a creditor, employee, or in any capacity other than that of a shareholder of Distributing 1, except for the receipt of the Controlled 2 Note by Parent in its capacity as a creditor in full or partial satisfaction of the remainder of the Distributing 1 Group Indebtedness.

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• Distributing 1 will transfer the Controlled 2 Note to Parent in partial satisfaction of the outstanding Distributing 1 Group Indebtedness.

• So long as any payment obligations from the Notes remain outstanding in accordance with these Terms and Conditions, the Issuer or any Material Subsidiary will not enter into any transaction that would directly or indirectly result in any increase of the Group Indebtedness, where as a result of such transaction, (i) the Consolidated Net Indebtedness Ratio would exceed 3.50, or (ii) an Event of Default would occur, threaten to occur or continue.

More Definitions of Group Indebtedness

Group Indebtedness means indebtedness (other than amounts arising out of the ordinary course of trade) owed by the Group Companies to the Sellers’ Post-Closing Group;

Group Indebtedness any loan or other financing liability or obligation of any Group Company, including (a) any moneys borrowed by any Group Company, (b) any indemnity or guarantee given for the benefit of another person and (c) financing, operating or capitalized leases, excluding in each of (a), (b) and (c) any loan or other financing liability or obligation incurred by the relevant Group Company from or for the benefit of another Group Company;

Group Indebtedness means any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent incurred between the Borrower and any member of the Group. Group Structure Chart means the structure chart of the Group in the agreed form.

Group Indebtedness means all outstanding and unpaid amounts, other than any outstanding and unpaid amounts arising from or relating to the Convertible Bonds, owing at Closing (including principal, interests, penalties and any other sums) by the Company and/or its Subsidiaries pursuant to or in connection with the Credit Facility Agreements (including, for the avoidance of doubt, any amounts that may be due upon termination of any hedging arrangements entered into in connection with the Credit Facility Agreements).

Group Indebtedness means all outstanding and unpaid amounts (in principal, interest, break costs, penalties, close out costs and any other sums, fees and expenses due in connection with voluntary or mandatory prepayments or of any other nature) due by any Group Company pursuant to, or in connection with, the Financing Documents;