Net Debtors means Total Debtors minus Excluded Debtors.
Examples of Net Debtors in a sentence
The drawn balance of the Debtor Financing Facility of the Testing Entities must not at any time exceed 60% of Net Debtors.
The drawn balance of the Debtor Financing Facility of the Testing Entities must not at any time exceed 60% of Net Debtors.
Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.
Net Debt Proceeds means, with respect to any incurrence of Indebtedness for borrowed money, the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) received by the respective Person from the respective incurrence of such Indebtedness for borrowed money.
Final Working Capital Statement has the meaning set forth in Section 2.04.
Estimated Closing Cash has the meaning set forth in Section 2.4(a).
Working Capital Statement has the meaning set forth in Section 2.3(a).
Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.
Estimated Closing Statement has the meaning set forth in Section 2.4(a).
Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but:
Target Working Capital means $0.
Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).
Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).
Settlement Statement has the meaning set forth in Section 3.2(a).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).
Estimated Cash has the meaning set forth in Section 2.4(a).
Earn-Out Statement has the meaning set forth in Section 2.5(c).
Closing Statement means the Closing Statement in the form on Annex A attached hereto.
Final Working Capital has the meaning set forth in Section 2.04(b).
Actual Working Capital has the meaning set forth in Section 2.7(a).
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Excess Cash Flow Interim Period means, (x) during any Excess Cash Flow Period, any one, two, or three-quarter period (a) commencing on the later of (i) the end of the immediately preceding Excess Cash Flow Period and (ii) if applicable, the end of any prior Excess Cash Flow Interim Period occurring during the same Excess Cash Flow Period and (b) ending on the last day of the most recently ended fiscal quarter (other than the last day of the fiscal year) during such Excess Cash Flow Period for which financial statements are available and (y) during the period from the Closing Date until the beginning of the first Excess Cash Flow Period, any period commencing on the Closing Date and ending on the last day of the most recently ended fiscal quarter for which financial statements are available.
Target Net Working Capital means $0.
Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.