Net Total Debt means, at any time, Total Debt at such time less Cash held by the Company and its Subsidiaries (except for Cash of any Subsidiaries which are liable at such time in respect of any Non-Recourse Indebtedness) which is free and clear of Liens, other than Liens securing payment of customary charges and fees relating to the accounts in which the Cash is held.

Net Total Debt means the aggregate interest bearing debt (excluding any interest bearing debt borrowed from any Group Company) (where the Working Capital Facility shall be calculated as the Working Capital Facility Twelve (12) Months Average) less cash and cash equivalents of the Group per the relevant testing date, in accordance with the Accounting Principles, adjusted in accordance with the Operational Lease Freeze.

Net Total Debt means total debt as evidenced at any relevant time by the Latest Accounts, in which they shall have been calculated in accordance with GAAP less unencumbered cash (which shall have the meaning given thereto under GAAP) of the Group.

Examples of Net Total Debt in a sentence

We remain committed to deliver attractive and sustainable shareholder disbursements as we pursue a long‐term Net Total Debt to EBITDA target between 3.5x and 4.5x.
As confirmed during the December 2018 Capital Markets Day, the Board of Directors remains committed to a policy of active balance sheet management, maintaining a net total leverage ratio between 3.5x to 4.5x Net Total Debt to Adjusted EBITDA.
At the December 2018 Capital Markets Day, Telenet reconfirmed its leverage framework, maintained at 3.5x to 4.5x Net Total Debt to Consolidated Annualized EBITDA ("net total leverage").
Net total leverage, which is a non-GAAP measure as contemplated by the U.S. Securities and Exchange Commission’s Regulation G, is defined as the sum of loans and borrowings under current and non-current liabilities minus cash and cash equivalents ("Net Total Debt"), as recorded in the Company's statement of financial position, divided by the last two quarters' Consolidated Annualized Adjusted EBITDA.
NET LEVERAGE RATIO As of June 30, 2012, the outstanding balance of our Senior Credit Facility and outstanding cash balance resulted in a Net Total Debt to EBITDA ratio of 3.1x compared to 3.2x on December 31, 2011.

More Definitions of Net Total Debt

Net Total Debt means, at any particular time, Total Debt at such time less the Cash Balance at such time.”

Net Total Debt. ’ means total debt as evidenced at any relevant time by the Latest Accounts, in which they shall have been calculated in accordance with US GAAP less unencumbered cash (which shall have the meaning given thereto under US GAAP) of the Group;

Net Total Debt mean, respectively, the total assets (adjusted (i) for market values of vessels calculated in accordance with Clause 8.2.2 of this Agreement and (ii) by deducting Unencumbered Cash) and total debt (less Unencumbered Cash) of the Group as evidenced at any relevant time by the Latest Accounts, in which they shall have been calculated by reference to the meanings assigned to them in accordance with US GAAP provided that the value of any ship shall be the value thereof calculated in accordance with Clause 8.2.2 and not as set out in the Latest Accounts; and

Net Total Debt means, at any relevant time, Total Debt less the amount of any Unencumbered Cash;

Net Total Debt. ’ means total debt as evidenced at any relevant time by the Latest Accounts, in which they shall have been calculated in accordance with US GAAP less the value of the liabilities relating to operating leases as defined under rule ASC 842 of the US GAAP and cash (which shall have the meaning given thereto under US GAAP) of the Group;

Net Total Debt means, as of any date of determination, Total Debt on such date minus the value of Cash Equivalents on such date.

Net Total Debt. Each reference to "Borrower" shall be replaced with "Person".