Examples of Target Net Debt in a sentence
VHA Target Net Debt a liability of $1,944,000,000 plus, if the Locked Box Date is on orafter 31 January 2019, $79,946,000 (to the extent that amount has been paid on or before the Locked Box Date in accordance with the Radiocommunications (Spectrum Licence Allocation – 700 MHz Band) Determination 2016)), or as otherwise agreed between TPG and VHA.
TPG Target Net Debt a liability of $1,672,000,000 plus, if the Locked Box Date is on orafter 31 January 2019, $352,335,000 (to the extent that amount Term Meaning has been paid on or before the Locked Box Date in accordance with the Radiocommunications (Spectrum Licence Allocation – 700 MHz Band) Determination 2016)), or as otherwise agreed between TPG and VHA.
As described above, the determination of Net Debt Surplus Amount or Net Debt Excess Amount is based on a comparison of (i) Closing Date Net Debt and (ii) Target Net Debt for the Plan Debtors.
The Company, SpinCo, Parent and Merger Sub agree that the Target Net Debt Amount (as defined in the SDA) shall be decreased by $30,000,000; provided that if the Company provides the financial statements comprising the RemainCo Required Financial Information that is described in Section 4(H) and Schedule 1 attached hereto on or before the deadlines set forth in Section 4(H), then the Target Net Debt Amount shall instead be decreased by $25,000,000.
If the amount of estimated Net Debt as of the Closing Date (the “ Estimated Net Debt”) is less than the Target Net Debt, the cash portion of the Closing Amount will be increased by an amount equal to such shortfall, and if the Estimated Net Debt is greater than the Target Net Debt, the cash portion of the Closing Amount will be reduced by an amount equal to such excess (the amount of such increase or decrease shall be referred to as the “Estimated Net Debt Adjustment”).