Gross Financial Debt definition

Gross Financial Debt means total financial liabilities considering financing cost capitalized plus accrued interests and overdraft. It includes both non-current and current financial liabilities. This measure offers to the reader a global view of the Financial Debt without considering the payment terms.

Gross Financial Debt means total financial liabilities considering financing cost capitalized plus accrued interests and overdraft. It includes both non-current and current financial liabilities. This

Gross Financial Debt has the meaning set out in in Schedule 4.1.2;

Examples of Gross Financial Debt in a sentence

• Consolidated Net Indebtedness means, in respect of any Relevant Period, the Consolidated Gross Financial Debt minus Cash.

• It is represented by Gross Financial Debt less Cash and Cash Equivalents and other Financial Assets.

• The Net Debt reflects the actual borrowing situation and corresponds to the difference between the total Gross Financial Debt and the immediately available Financial Assets, in particular, Available and Short-term Financial Investments in negotiable securities.

• As of 31 March 2021, TIM’s consolidated Gross Financial Debt was 31,160 million euro, compared to 32,162 million euro on 31 December 2020.

• The validated national results will not be published this year for the second consecutive year.

• Grantee shall be liable for all damages or losses caused by any of its contractors.

• Though at any time after 30th September 2018, and subject to certain conditions, the margin may decrease to be between 3.00% and 2.00%.The SSRCF Agreement includes a financial covenant, the Consolidated Total Gross Debt Cover ratio, calculated as follows:Total Gross Debt Cover ratio = Gross Financial Debt / Last Twelve Month Adjusted EBITDA.

• Gross Financial Debt 06.30.2011 12.31.2010Mix fixed and variable rate:(in millions of euros)without with % with derivatives derivatives derivativeswithout with derivatives derivatives% with derivatives- fixed rate portion (included structures with CAP)1,8591,43332%1,863 1,49034%- variable rate portion2,6353,06168%2,472 2,84566%Total gross financial debt (*)4,4944,494100%4,335 4,335100%(*) For a breakdown of gross financial debt see the "Liquidity Risk" paragraph of this Report.

• Se Note 18 a) of the accompanying condensed consolidated interim financial statements, Gross Financial Debt The Gross Financial Debt corresponds to “Bond issues and other loans”, “Loans and credit facilities” and “Lease liabilities”, and does not include any debt held by Group companies registered using the equity method of consolidation, “Derivative financial instruments” or “Other financial liabilities”.

• With regard to the Liquidity Facility entered into by the Company on March 31, 2022, which will be fully repaid through the proceeds of the Capital Increase, the related agreement provides for specific commitments by the Group to maintain certain levels in terms of EBITDA and Gross Financial Debt, monitored on a quarterly basis, starting from June 2022, as well as a certain level of available liquidity monitored on a monthly basis starting from the date the facility was entered into.

More Definitions of Gross Financial Debt

Gross Financial Debt means the items corresponding to Dettes financières à long terme and Dettes financières à court terme shown in the Company’s consolidated balance sheet and described in the notes to Company’s annual consolidated financial statements provided that:

Gross Financial Debt means our financial liabilities, including bank credit and debts to other financial institutions and to our bondholders.

Gross Financial Debt means, on any date, the sum of the amounts specified under the headings "Bond issuances" ("Emprunt Obligataires") and "Borrowings and financial debt with credit institutions" ("Emprunts et dettes financières auprès d’établissement de crédit") under the heading "Non-current borrowings and financial liabilities" ("Emprunts et dettes financières à plus d’un an") and the amount specified under the headings "Bond issuances" ("Emprunt Obligataires"), "Borrowings and financial debt with credit institutions (excluding overdrafts)" ("Emprunt et dettes financières auprès des établissements de credit (hors trésorerie passive)") and "Bank facilities (overdrafts)" ("concours bancaires (trésorerie passive)")) under the heading "Non-current borrowings and financial debt (less than one year)" ("Emprunts et dettes financières à moins d’un an") in the Group’s annual or half- yearly consolidated accounts;

Gross Financial Debt means, on any date, the sumof the amounts specified under the headings " Bond issues" ("Emprunts Obligataires"),"Borrowings from lending establishments" ("Emprunts auprès des établissements de crédit") and “Negociable Euro Medium Term notes” (“Titres négociables à moyen terme”) under the heading "Non-current borrowings and financial liabilities" ("Emprunts et dettes financières à plus d’un an") and the amount specified under the headings " Bond issues" ("Emprunts Obligataires"), "Borrowings from lending establishments" ("Emprunts auprès des établissements de crédit"), “Negociable European Commercial Paper” (“Titres négociables à court terme”) and "Bank overdrafts" ("Découverts bancaires") under the heading "Non- current borrowings and financial liabilities" ("Emprunts et dettes financières à moins d’un an") in the Group’s annual or half-yearly consolidated accounts;

Gross Financial Debt means our financial liabilities, including bank credit and debts to other financial institutions and to our bondholders. The terms that are mentioned in this section, as above, which have not been defined are to be interpreted in accordance with generally accepted accounting principles in Israel