NPPE definition
NPPE means, for any period, all plant, property and equipment of the Borrower and any of its Subsidiaries, determined on a consolidated basis in accordance with GAAP, less accumulated depreciation in respect of such plant, property and equipment.
NPPE is deleted in its entirety.
NPPE means the National Planning Policy Framework published in July 2021 by the then Ministry of Housing, Communities and Local Government (now the Department for Levelling Up, Housing and Communities including any updates or revisions thereto
Examples of NPPE in a sentence
At the end of each Fiscal Quarter of the Borrower Group during Stage 1 (after giving effect to any incurrence of Indebtedness and any payment of principal of Indebtedness on such day), no Borrower shall permit the ratio of (i) Consolidated Total Debt to (ii) NPPE to be greater than 0.80 to 1.0.
More Definitions of NPPE
NPPE is amended by adding the words "together with all plant, property and equipment of Devnet and any of its Subsidiaries, in each case" after the words "equipment of the Borrower and any of its Subsidiaries,".