Net Indebtedness definition

Net Indebtedness means, as of any date of determination, an amount equal to (i) the total outstanding principal amount of Indebtedness of the Applicable Reporting Entity and its consolidated subsidiaries, minus (ii) the aggregate amount of Cash and Cash Equivalents of Applicable Reporting Entity and its consolidated subsidiaries.

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Net Indebtedness means, in respect of any Person at any date, (a) the aggregate outstanding principal amount of all Indebtedness for borrowed money of such Person and its Restricted Subsidiaries at such date, plus (b) all other items which would properly be included as indebtedness, determined in accordance with GAAP, on a consolidated balance sheet of such Person and its Restricted Subsidiaries at such date, minus (c) unrestricted cash and Cash Equivalents set forth on the consolidated balance sheet of such Person and its Restricted Subsidiaries as at such date.

Net Indebtedness means, as of any date of determination, the sum of Net Foreign Subsidiary Borrower Indebtedness and Net Domestic Indebtedness.

Examples of Net Indebtedness in a sentence

The Purchaser shall review the Estimated Net Indebtedness Statement and shall within four (4) Business Days after receipt thereof give written notice to the Sellers if it disagrees with the Estimated Net Indebtedness Statement.
No later than seven (7) Business Days before the anticipated Completion Date, the Sellers shall deliver to the Purchaser a written statement setting out the details of all relevant line items and the Sellers' good faith calculation of the Net Indebtedness, in each case drawn up in accordance with the Accounting Rules and Policies (the "Estimated Net Indebtedness Statement").
If the Net Indebtedness is a greater negative sum or a smaller positive cash balance (as the case may be) than the Estimated Net Indebtedness, the Sellers shall pay to the Purchaser an amount in euros equal to the difference, whereby each Seller will pay the amount in accordance with its Relevant Proportion.
The Purchaser shall deliver to the Sellers a written statement setting out the Net Indebtedness as of Completion, drawn up in accordance with the Accounting Rules and Policies (the "Completion Statement"), as soon as reasonably practicable and in any event within three (3) months after the Completion Date.
The Net Indebtedness will be determined in accordance with Schedule 9 (Determination of Net Indebtedness).

More Definitions of Net Indebtedness

Net Indebtedness means, at any particular time, Total Indebtedness at such time less the Cash at such time.

Net Indebtedness means, at any time, (a) the aggregate amount of Indebtedness of the Borrower at such time, determined on a Consolidated basis, minus (b) the aggregate amount of unencumbered cash and unencumbered Permitted Cash Investments, determined on a Consolidated basis, net of the aggregate amount of Taxes which would be payable in connection with any transfer to the Borrower of any such amount described in this paragraph (b).

Net Indebtedness means (a) Total Indebtedness minus (b) the amount, if any, by which the aggregate amount of the Parent’s and its Subsidiaries’ unrestricted and Lien-free cash and Cash Equivalents exceeds $15,000,000.

Net Indebtedness means, at any date and with respect to any Person, Indebtedness of such Person on such date less Cash and Cash Equivalents of such Person on such date determined in accordance with GAAP.

Net Indebtedness means the total amount required to liquidate the indebtedness, exclusive of any unearned interest, any insurance on the monthly outstanding balance coverage, or any finance charge.

Net Indebtedness means, as at any date of determination Total Indebtedness minus Unrestricted Cash.

Net Indebtedness means, with respect to any Person at any time, (i) the outstanding principal amount (or in the case of Indebtedness issued at discount, the accreted amount) of Indebtedness of such Person (determined on a Consolidated basis) as of such time minus (ii) cash and Cash Equivalents of such Person (determined on a Consolidated basis) at such time (other than any amount that constitutes a Cure Amount); provided, however, that, in determining the amount of Net Indebtedness of such Person for purposes of this definition, the amount of Indebtedness of such Person consisting of Revolving Loans and any other Indebtedness that consists of a revolving line of credit as of any date shall be deemed to be the aggregate outstanding principal amount thereof on the last day of each Fiscal Quarter ending during the four Fiscal Quarters most recently ended on or prior to such date, divided by four (4) (with the amount of Indebtedness under any revolving line of credit as of the end of any Fiscal Quarter prior to the Closing Date deemed to be $0 for purposes of such calculation).