Net Debts definition

Net Debts means the consolidated indebtedness of the Issuer and its subsidiaries represented by all outstanding indebtedness for borrowed monies and hire purchase obligations, finance lease obligations less cash and cash equivalent including but not limited to balances in any reserve account and any other cash which has been pledged as security for any outstanding indebtedness. For the avoidance of doubt, for purposes of computing the Net DE Ratio, the Perpetual Securities issued under the Perpetual Securities Programme shall not be considered as indebtedness regardless of the prevailing accounting treatment."Equity" shall mean the consolidated shareholders' funds including any subordinated shareholders' advances and loans, minority interest, hybrid capital classified as equity for accounting purposes and retained earnings or losses. For the avoidance of doubt, the Perpetual Securities issued under the Perpetual Securities Programme shall be considered as equity regardless of the prevailing accounting treatment for purposes of computing the Net DE Ratio.For the avoidance of doubt, the Existing Sukuk shall be treated as Equity for the purpose of the calculation of the Net DE Ratio regardless of the prevailing accounting treatment.
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Examples of Net Debts in a sentence

  • The amount of all debts of Company to such Member less the amount of all debts of such Member to Company, whether positive or negative, is referred to in this Article as the “Net Debts.” Settlement on the Net Debts shall occur regardless of whether Company exercises its option under Section 6.5(b).

  • Company shall pay the deceased Member’s estate in full by cash or certified or cashier’s check the sum of the amount of the purchase price for such Units and the amount of the Net Debts.

  • Net Debts with a value less than <<currency & value>> shall not be eligible for indemnification.

  • As at March 31, 2021 As at March 31, 2020 Borrowings 52,287.61 52,287.61 Cash and Cash Equivalents (776.42) (1,196.25) Net Debts 51,511.19 51,091.36 Total Equity (52,441.08) (48,148.28) Net debt/Equity (0.98) (1.06) No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2021 and March 31, 2020.

  • The price of the shares shall be calculated by multiplying 7 (seven) times the EBITDA of the JVCO, deducted Net Debts, as evidenced in the audited financial statements as at December 31, 2005.

  • The exercise price shall be determined by multiplying 7 (seven) times the EBITDA of the JVCO, deducted the total Net Debts as evidenced in the audited financial statements as of December 31, 2004.

Related to Net Debts

  • Bad debts means amounts considered to be uncollectible from

  • Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.

  • 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:

  • Debts means all amounts owing by the Customer to the Company on any account whatsoever;

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.