Group Net Debt means Group Debt minus Group Cash and Cash Equivalents;
Group Net Debt means, at any date of determination, the aggregate amount of all outstanding Indebtedness consisting of third party indebtedness for borrowed money, (including any Local Unreimbursed Amounts in each case then outstanding) and third party obligations evidenced by promissory notes or similar instruments (less any unrestricted cash and cash equivalents to the extent not constituting Excluding Amounts) of the Group determined on a consolidated basis in accordance with GAAP.
Group Net Debt means (i) the aggregate of all Financial Indebtedness of the Group (other than Excluded Financial Indebtedness) at the relevant time less (ii) the sum of (x) Cash and Cash Equivalents; and (y) Cash Management Investments (other than any Cash and Cash Equivalents and Cash Management Investments to which any Excluded Subsidiary is beneficially entitled). "Group Total Assets" as at any Reference Date shall be equal to: (i) the sum of (a) the amount recorded as "Total assets" in the relevant Consolidated Financial Statements and (b) Uncalled Preference Share Amounts; minus (ii) the sum (without duplication) of (x) any 'Total assets" referred to in (a) above to which any Excluded Subsidiary is beneficially entitled and (y) any goodwill and intangible assets which are included in the "Total assets" referred to in (a) above. "IFRS" means the generally accepted accounting practice and principles applicable to the business BCL conducts, currently International Financial Reporting Standards. "Issue Date" means 26 April 2016. "Leverage Ratio" means the ratio of: (a) Group Net Debt; to (b) Group Total Assets. "Make-Whole Reference Date" means the date which is three London Business Days prior to the date fixed for redemption pursuant to Condition 8.3 by the Issuer. "Material Subsidiary" means at any time a Subsidiary (other than an Excluded Subsidiary) of BCL: (a) whose gross assets (consolidated in the case of a Subsidiary which itself has Subsidiaries) represent (or, m the case of a Subsidiary acquired after the end of the financial period to which the then latest audited consolidated accounts of BCL and its Subsidiaries relate, are equal to) not less than 5.00 per cent, of the consolidated gross assets of the Group, all as calculated respectively by reference to the then latest Directors' Certificate relating to such Subsidiary delivered to the Trustee in accordance with the relevant provisions of the Trust Deed and the then latest audited consolidated accounts of BCL and its Subsidiaries, provided that: (A) in the event that the relevant Subsidiary itself has Subsidiaries which are Excluded Subsidiaries, the gross assets of such Excluded Subsidiaries are excluded from the calculation of the consolidated gross assets of such Subsidiary; (B) the gross assets of all Excluded Subsidiaries are excluded from the calculation of the consolidated gross assets of the Group; and
Examples of Group Net Debt in a sentence
The above plan is expected to deliver an optimized structure, with the following effects on Group economics and financial results: • a positive contribution to the reduction of Group Net Debt for around 21 billion euros, peaking in 2023, when it is expected to exceed 12 billion euros;• an impact on Group Ordinary EBITDA at regime of approximately 2.8 billion euros and on Group Net Ordinary Income of about 900 million euros in 2024.
The actions set out in the Strategic Plan are expected to have an immediately visible positive impact on Group Net Debt, which is set to be considerably reduced to a range of 51-52 billion euros by the end of 2023, from 58-62 billion euros estimated for 2022.
For both the Return on Sales and Group Net Debt a three-year target is set.
Group Net Debt was $422.9 million, which was a $42.2 million net increase on 2017, impacted by additional amounts borrowed to fund the acquisition of Macpac.
Total Senior Debt, Total Senior Net Debt, Total Group Debt and Total Group Net Debt includes £60.4 million lease liability.
More Definitions of Group Net Debt
Group Net Debt means Group Debt minus Group Cash and Cash Equivalents.
Group Net Debt means (i) the aggregate of all Financial Indebtedness of the Group (other than Excluded Financial Indebtedness) at the relevant time less (ii) the sum of (x) Cash and Cash Equivalents; and (y) Cash Management Investments (other than any Cash and Cash Equivalents and Cash Management Investments to which any Excluded Subsidiary is beneficially entitled).
Group Net Debt means, on a Group consolidated basis, (i) the aggregate amount of all interest- bearing obligations (including financial lease obligations which according to the Accounting Principles shall be treated as debt, however, not including current or future leases, which as of the date hereof are considered as not being financial leases) less (ii) cash in hand, immediately available funds, and any other liquid and marketable instruments, securities and other short term investments equivalent to cash.
Group Net Debt means, at any date of determination, the aggregate amount of all outstanding Indebtedness consisting of third party indebtedness for borrowed money, (including any Local Unreimbursed Amounts in each case then outstanding) and third party obligations evidenced by promissory notes or similar instruments (less any unrestricted cash and cash equivalents to the extent not constituting Excluding Amounts) of the Group determined on a consolidated basis in accordance with GAAP. “Group Net Income” means, for any period, the consolidated Net Income (or loss) of the Group for such period as determined in accordance with GAAP. “Group Non-cash Charges” means, with respect to the Group for any period, the aggregate noncash expenses of the Group (including without limitation any minority interest) reducing Group Net Income for such period, determined on a consolidated basis in accordance with GAAP. “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness of the payment or performance of such Indebtedness, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness of any other Person, whether or not such Indebtedness is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in ...
Group Net Debt means the Group Debt less Group Cash (as defined below) beneficially held by the Group.
Group Net Debt means, as at any date, the sum of Senior Net Debt, CCFF Debt (as defined in the Master Definitions Agreement), Junior Debt and Issuer Net Debt.