Total Consolidated Net Borrowings definition

Total Consolidated Net Borrowings means at any time the aggregate amount of the Financial Indebtedness of the Group at such time determined on a consolidated basis (excluding any Financial Indebtedness of the type described in paragraph (g) and (h) of the definition thereof) less (i) Consolidated Cash at such time and (ii) the Marketable Securities of the Group at such time.

Total Consolidated Net Borrowings means, as at any accounting date of the Group, the aggregate (without double counting and excluding borrowings between members of the Group) of:

Total Consolidated Net Borrowings means at any time Total Consolidated Borrowings at that time less Investments at that time of any member of the Group.

Examples of Total Consolidated Net Borrowings in a sentence

• Greater than 125% 0.50 per cent Greater than 100% but less than or 0.375 per cent equal to 125% 100% or less 0.25 per cent (iii) For the purposes of calculating the Waiver Fee, the ratio of Total Consolidated Net Borrowings to Adjusted Tangible Consolidated Net Worth shall be deemed to be greater than 100% at all times for a period of 6 months following the Effective Date.

• The expression "Total Consolidated Net Borrowings" was defined as the aggregate principal amount of all Borrowings (as already defined) of the Group less Cash (as defined).

• For the purposes of both covenants, a new definition - "Adjusted Consolidated Tangible Net Worth" - was introduced and for the purposes of the gearing limit a new definition of "Total Consolidated Net Borrowings" was also introduced.

• The Company shall at all times ensure that the consolidated financial condition of the Group as evidenced by the Company's then most recent consolidated financial statements delivered pursuant to Clause 20.1(a) and (b) above shall be such that Total Consolidated Net Borrowings as at the last day of any financial year or half-year shall not exceed three and a half times the amount of EBITDA for the rolling twelve month period ending on such day.

• The Company shall at all times ensure that the consolidated financial condition of the Group as evidenced by the Company’s then most recent consolidated financial statements delivered pursuant to Clause 20.1(a) and (b) above shall be such that Total Consolidated Net Borrowings as at the last day of any financial year or half-year shall not exceed three and a half times the amount of EBITDA for the rolling twelve month period ending on such day.

More Definitions of Total Consolidated Net Borrowings

Total Consolidated Net Borrowings in Clause 1.1 (Definitions) are to be calculated in accordance with the accounting principles applied in connection with the Original Group Accounts.

Total Consolidated Net Borrowings means, at any time, Total Consolidated Borrowings less the aggregate principal amount of Investments beneficially owned by the Group free from Security Interests (to the extent the proceeds of the same are readily remittable to the UK) at that time.

Total Consolidated Net Borrowings has the same meaning as in Clause 16.18 (Financial covenants), save that references to the Group are references to the PowerGen UK Group and Libra Group (as appropriate).

Total Consolidated Net Borrowings means, in respect of any “applicable period” for which the Leverage Ratio is calculated, the aggregate amount of the Debt of the Group determined on a consolidated basis less (i) Consolidated Cash at such time and (ii) the Marketable Securities of the Group at such time, in each case as at the last day of such applicable period. As from (and including) each applicable period which ends after the date hereof, the foreign exchange rate used to calculate Total Consolidated Net Borrowings for that applicable period shall be the rate (or average of the rates) applied in calculating EBITDA for that applicable period.

Total Consolidated Net Borrowings means at any time Total Consolidated Borrowings less cash in hand or at bank and bonds, notes and commercial paper owned by the Group with a maturity of not more than 12 months and rated at least A-1 by Standard and Poor’s Rating Services, Inc or at least P-1 by Xxxxx’x Investor Services (or an equivalent rating of another agency which the Agent reasonably determines to be comparable) in each case legally and beneficially owned by a member of the Group free of Security Interests and to which that member of the Group then has free and unrestricted direct access and which is then freely remittable to the jurisdiction of incorporation of the relevant member of the Group.

Total Consolidated Net Borrowings means at any time Total Consolidated Borrowings less Eligible Cash and Cash Equivalents.

Total Consolidated Net Borrowings means at any time Total Consolidated Borrowings less Consolidated Cash and Cash Equivalents at such time.