Net Financial Indebtedness definition

Net Financial Indebtedness means the aggregate principal amount outstanding (as adjusted for indexation, where applicable) of Financial Indebtedness of the Issuer (as the case may be) minus cash or cash equivalents (including cash balances on any accounts of the Issuer).

Net Financial Indebtedness means the nominal amount of Financial Indebtedness incurred minus the nominal amount of Financial Indebtedness repaid.

Net Financial Indebtedness as of any Testing Date means the financial indebtedness of the Issuer and its Subsidiaries on a consolidated basis, determined in accordance with IFRS, as of such Testing Date, less cash and cash equivalents of the Issuer and its Subsidiaries on a consolidated basis, determined in accordance with IFRS, as of such Testing Date.

Examples of Net Financial Indebtedness in a sentence

• The leverage ratio is the ratio of Net Financial Indebtedness to the Adjusted EBITDA for the last 12 months.

• Table of Contents Net Financial Indebtedness The following table sets forth a computation of net financial indebtedness as of December 31, 2011 on (a) an actual basis, as derived from our unaudited condensed combined balance sheet and (b) a pro forma basis, giving effect to the impact of separation and related transactions as described in the “Unaudited Pro Forma Combined Balance Sheet” as if they had occurred on December 31, 2011.

• The Group has calculated Adjusted Net Financial Indebtedness as Net Financial Indebtedness less non current financial receivables.

• The loan covenants in these agreements require OTB to maintain certain Financial Parameters (as such term is defined in the note agreements), including: (i) a ratio of Stockholders’ Equity to non-current assets of 30% or greater, (ii) a ratio of EBITDA to Total Debt Service of 1.2 or greater and (iii) a ratio of Net Financial Indebtedness to EBITDA of 3.75 or less (as such terms are defined in the note agreements).

• The Loan Agreement requires OTH to maintain certain Financial Parameters (as such term is defined in the Loan Agreement), including: (i) a ratio of Stockholders’ Equity to non-current assets of 30% or greater, (ii) a ratio of EBITDA to Total Debt Service of 1.2 or greater, and (iii) a ratio of Net Financial Indebtedness to EBITDA of 3.75 or less (as such terms are described in the Loan Agreement).

More Definitions of Net Financial Indebtedness

Net Financial Indebtedness means, with respect to any Person at any date of determination (without duplication), Indebtedness minus cash.

Net Financial Indebtedness means, in respect of any Relevant Period, the Financial Indebtedness of the Group on the last day of that Relevant Period (other than Financial Indebtedness in respect of hedging agreements or other treasury transactions, in each case to the extent permitted by the terms of this Agreement, except for any crystallised exposures under such hedging agreements or treasury transactions or Financial Indebtedness arising in respect of any terminated hedging agreements or other treasury transactions) less the aggregate amount of Cash (including, for the avoidance of doubt, any cash provided as margin in connection with any terminated hedging agreement or other treasury transaction which has not been applied in paying any relevant termination payment) and Cash Equivalent Investments held by the Group during that Relevant Period.

Net Financial Indebtedness means the Financial Indebtedness less the "Cash and Cash Equivalents" item (or equivalent) as referred to in the latest annual audited consolidated financial statements of the Issuer.

Net Financial Indebtedness means, at any date of determination, any indebtedness for or in respect of:

Net Financial Indebtedness means the nominal amount of Financial Indebtedness

Net Financial Indebtedness means at any time the aggregate outstanding principal, capital or nominal amount of all obligations of the Group for or in respect of Financial Indebtedness and Guarantee of Financial Indebtedness but:

Net Financial Indebtedness means (i) all of the Borrower's consolidated obligations for borrowed money, (ii) all obligations evidenced by debentures, notes or similar instruments, (iii) all obligations to pay a deferred purchase price for property, which appear as a liability in the consolidated balance sheet of the Borrower prepared in accordance with GAAP, except trade accounts payable, (iv) all obligations as lessee which are capitalized in accordance with GAAP, (v) all financial indebtedness of third parties which are secured by a security interest on any of its assets, (vi) all its contingent liabilities to the extent required to be included as debt in the balance sheet in accordance with GAAP, and (vii) the net amount of all of its payment obligations under financial derivative transactions, which appear as a liability in the consolidated balance sheet of the Borrower prepared in accordance with GAAP, less (viii) Liquid Assets, less (ix) the Wavetek Bond, less (x) the other subordinated debt permitted under Article 19 (I) (10) and less (xi) any loans made by stockholders.