Target Debt definition

Target Debt means “Elan Debt” as defined in the Initial Tender Offer Announcement.

Target Debt means $0.00.

Target Debt means the Indebtedness for Borrowed Money of the Target and its Subsidiaries that is either (x) outstanding on the Subsequent Share Purchase Date or (y) a refinancing, extension or renewal thereof that does not increase the aggregate principal amount thereof (plus accrued and unpaid interest and premium thereon and underwriting discounts, fees, commissions and expenses in connection therewith); provided that any such Indebtedness for Borrowed Money (or any such refinancing, extension or renewal thereof) that is (i) both (x) secured by a Lien on any of the assets of the Target or its Subsidiaries and (y) guaranteed by the Borrower (or with respect to which the Borrower is otherwise an obligor), (ii) secured by any of the assets of the Borrower or (iii) guaranteed by, or secured by any of the assets of, any of the Borrower’s Subsidiaries (other than the Target and its Subsidiaries) (or with respect to which any of the Borrower’s Subsidiaries (other than the Target and its Subsidiaries) is otherwise an obligor) shall not, in each case, constitute Target Debt.

Examples of Target Debt in a sentence

• At the time of determination, (a) all cash and cash equivalents on hand in the Partnership as of the most recent month end, plus the excess, if any, of the Partnership Target Debt over the Partnership's actual indebtedness (as determined in accordance with GAAP) as of such month end, less (b) the Projected Cash Requirements, if any, of the Partnership as of such month end, as determined by the Executive Officers of the Partnership.

• At the time of determination, (a) all cash and cash equivalents on hand in the Partnership as of the most recent month end, plus the excess, if any, of the Partnership Target Debt over the Partnership’s actual indebtedness (as determined in accordance with GAAP) as of such month end, less (b) the Projected Cash Requirements, if any, of the Partnership as of such month end, as determined by the Executive Officers of the Partnership.

• Bidco and its Restricted Subsidiaries shall consummate the Refinancing on or prior to the Target Debt Refinancing Outside Date.

• Pursuant to the Share Exchange Agreement, on Closing, Harvest will be acquiring the Target Debt in exchange for the MMJ Share Consideration.

• Additionally, as consideration for the assumption by Harvest of the Target Debt, MMJ will receive the MMJ Share Consideration, consisting of 11,758,671 Harvest Shares, representing a purchase price of$8,819,003 for the Target Debt.

More Definitions of Target Debt

Target Debt means the Financial Indebtedness under each of the following facilities as at 31 December 2021:

Target Debt means Indebtedness of any member of the Target Group pursuant to (a) that certain $400,000,000 Multi-Currency Revolving Facility Agreement dated June 5, 2007 by and among certain members of the Target Group, Lloyds TSB Bank plc, Wachovia Bank, National Association, The Royal Bank of Scotland plc, BNP Paribas, London Branch and SunTrust Bank, as Mandated Lead Arrangers, DSB Bank Ltd, as Senior Lead Manager, Comerica Bank, as Lead Manager, Lloyds TSB Bank plc, as Facility Agent and The Royal Bank of Scotland plc, as Issuing Bank, to be paid in full on the Initial Funding Date, and (b) that certain Note Purchase and Guaranty Agreement dated as of September 6, 2007 among certain members of the Target Group, and the Purchasers party thereto, pursuant to which were issued $30,000,000 5.90% Guaranteed Senior Notes, Series A, due September 6, 2014, its $95,000,000 6.10% Guaranteed Senior Notes, Series B, due September 6, 2017, its $50,000,000 Floating Rate Guaranteed Senior Notes, Series C, due September 6, 2014, its $30,000,000 Floating Rate Guaranteed Senior Notes, Series D, due September 6, 2017, its $2,500,000 5.86% Guaranteed Senior Notes, Series E, due September 6, 2014, and its $42,200,000 6.07% Guaranteed Senior Notes, Series F, due September 6, 2017, to be paid in full not later than 45 days from the Initial Funding Date.

Target Debt means, except as otherwise provided in this Agreement, the total current liabilities (including bank indebtedness, accounts payable and accrued liabilities), in each case as such term is defined under GAAP and, for greater clarity, excluding the Target Transaction Costs, the Lease Obligation and the Bonds;

Target Debt means $205 million.

Target Debt means $5,267,000, as reflected on the Company's balance sheet at March 31, 1999.

Target Debt means indebtedness of the Target for money borrowed including accrued but unpaid interest thereon.

Target Debt means, without duplication, any and all liabilities of the Target for (i) borrowed money, whether current or funded, secured or unsecured, obligations evidenced by bonds, debentures, notes or similar instruments, including, without limitation, all liabilities in respect of mandatorily redeemable or purchasable capital stock or securities convertible into capital stock; (ii) the deferred purchase price of property or services (other than trade payables incurred in the ordinary course of business); (iii) any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, to the extent that such liabilities are required to be classified and accounted for under Argentine GAAP as capital leases; (iv) any letter of credit, banker’s acceptance, surety bonds or similar credit transaction; (v) any transactions accounted for under Argentine GAAP as debt; (vi) any supplier account payables above 90 days past due (other than accounts payable being disputed in good faith); (vii) any unfunded or underfunded Employee Plan obligations (calculated on a projected net benefit obligation basis); (viii) to the extent negative, the net position of the Target under all Contracts to which it is a party documenting derivative and/or hedging transactions; (ix) all accrued interest, fees, premiums, penalties and/or other amounts due in respect of the foregoing; and (x) all guarantees of obligations of any other Person. For the avoidance of doubt, Target Debt will not include intercompany obligations.