Net Indebtedness definition

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

Net Indebtedness means, as of any date, (i) the amount of outstanding Indebtedness of the Company and its consolidated subsidiaries as of such date, minus (ii) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries as of such date minus (iii) loans by the Company and its consolidated subsidiaries to its Partners or Affiliates thereof as of such date.

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.

Examples of Net Indebtedness in a sentence

• Commencing on the last day of the calendar quarter in which Bxxxxxxx’s Net Indebtedness exceeds Forty Million Dollars ($40,000,000) and continuing until the repayment in full of the Obligations (other than any inchoate indemnity obligations), Borrower shall, as of the last day of each fiscal quarter, achieve Annualized Trailing Six Month Revenue in an amount equal to or no less than Borrower’s Net Indebtedness.

• Except as provided in the foregoing sentence, Section 5.02 and Section 5.03, SpinCo shall be entitled to any Refund attributable on a “with and without” basis to Taxes for which SpinCo is liable hereunder and, for the absence of doubt, any Refunds specifically taken into account in the determination of Final Net Working Capital and Final Net Indebtedness pursuant to the Separation and Distribution Agreement.

• Commencing on the last day of the calendar quarter in which Xxxxxxxx’s Net Indebtedness exceeds Forty Million Dollars ($40,000,000) and continuing until the repayment in full of the Obligations, measured as of the last day of each fiscal quarter of Borrower, achieve a Recurring Revenue Ratio of not less than 1.00:1.00.

More Definitions of Net Indebtedness

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 amount of Indebtedness of the Corporation minus the amount of Cash of the Corporation, in each case, as at the Effective Time, calculated in accordance with the Net Indebtedness calculation set forth on Exhibit “D” and determined in accordance with the Balance Sheet Principles. Net Indebtedness shall be expressed as a positive amount if it is a net liability or a negative amount if it is a net asset.

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 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 Indebtedness minus Cash (which may be a positive or negative number).

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