Common use of Consolidated Excess Cash Flow Clause in Contracts

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, commencing with Fiscal Year 2003, Borrowers shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or the Commitments shall be permanently reduced as set forth in Section 2.13 in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

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Consolidated Excess Cash Flow. In the event that (commencing in the Fiscal Year ending December 31, 2008) there shall be ----------------------------- Consolidated Excess Cash Flow for any prior Fiscal Year, commencing with Fiscal Year 2003, Borrowers Borrower shall, no later than ninety (90) days after the end of such the prior Fiscal Year, prepay the Term Loans and/or the Commitments shall be permanently reduced as set forth in Section 2.13 2.15 in an aggregate amount equal to 50(i) 75% of such Consolidated Excess Cash FlowFlow minus (ii) voluntary repayments of the Term Loans during such prior Fiscal Year.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (Fedders Corp /De)

Consolidated Excess Cash Flow. In If at any time the Leverage ----------------------------- Ratio is greater than or equal to 3.00:1.00, then in the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, Year (commencing with the Fiscal Year 2003ending June 30, Borrowers 2000), Company shall, no later than ninety ninety-five (9095) days after the end of such Fiscal Year, prepay the Loans (and/or the Revolving Loan Commitments shall be permanently reduced as set forth in Section 2.13 reduced) in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Microclock Inc)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, Year (commencing with Fiscal Year 20032004), Borrowers Borrower shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or and the Commitments shall be permanently reduced as set forth in Section 2.13 2.12 in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Allegiance Telecom Inc)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, commencing with Fiscal Year 2003, Borrowers shall, no later than ninety Within one hundred (90100) days after the end of such Fiscal Yeareach fiscal year of Parent, commencing with the fiscal year ending December 31, 2023, Borrower shall prepay the Term Loans and/or the Commitments shall be permanently reduced as set forth in Section 2.13 in an aggregate amount equal to fifty percent (50% %) of such the Consolidated Excess Cash FlowFlow for such fiscal year.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrow Health, Inc.)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, fiscal year (commencing with Fiscal Year 20032008), Borrowers shallBorrower shall (to the extent not otherwise required to be actually applied to the prepayment of the First Lien Obligations, and subject to the Intercreditor Agreement), no later than ninety (90) days after the end of such Fiscal Yearfiscal year, prepay the Loans and/or the Commitments shall be permanently reduced as set forth in Section 2.13 2.3(c) or 2.3(e), as applicable, in an aggregate amount equal to 50% seventy-five percent (75%) of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Kratos Defense & Security Solutions, Inc.)

Consolidated Excess Cash Flow. In Within 100 days after the event that there end of each fiscal year (commencing with the fiscal year ending March 31, 2008), the Borrower shall be ----------------------------- prepay the Loans in an amount equal to the sum of (A) 50% of Consolidated Excess Cash Flow for such prior fiscal year minus (B) the amount of any Fiscal Year, commencing with Fiscal Year 2003, Borrowers shall, no later than ninety (90) days after voluntary prepayments made during such fiscal year of the end of such Fiscal Year, prepay the Loans and/or the Commitments shall be permanently reduced as set forth in Section 2.13 in an aggregate amount equal to 50% of such Consolidated Excess Cash FlowLoan.

Appears in 1 contract

Samples: Bridge Facility Agreement (Acg Holdings Inc)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, fiscal year (commencing with Fiscal Year 2003fiscal year ending December 31, Borrowers 2002) in which the Total Leverage Ratio is greater than or equal to 6.00:1.00, Company shall, no later than ninety (90) days after the end of such Fiscal Yearfiscal year, prepay the Loans and/or the Revolving Credit Commitments shall be permanently reduced as set forth in Section 2.13 2.15(b) in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Northpoint Communications Group Inc)

Consolidated Excess Cash Flow. In Beginning June 30, 2004 for the event that there fiscal year then ended and each June 30 thereafter for the fiscal year then ended, the Borrower shall immediately prepay the Loans in an amount equal to 100% of the Consolidated Excess Cash Flow in excess of $5 million (but such payment amount shall not, in any event, be ----------------------------- less than 75% of Consolidated Excess Cash Flow for any Fiscal Year, commencing with Fiscal Year 2003, Borrowers shall, no later than ninety (90such period) days after on each date for delivery of annual financial statements of the end of such Fiscal Year, prepay Borrower to the Loans and/or the Commitments shall be permanently reduced as set forth in Administrative Agent pursuant to Section 2.13 in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow7.01.

Appears in 1 contract

Samples: Credit Agreement (Aaf McQuay Inc)

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Consolidated Excess Cash Flow. In the event that there shall ----------------------------- be ----------------------------- Consolidated Excess Cash Flow after the Closing Date for any Fiscal Year, Year (commencing with Fiscal Year 20032002), Borrowers Company shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.13 2.13(b) in an aggregate amount equal to 5075% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ipc Acquisition Corp)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, Year (commencing with the Fiscal Year 2003ending May 3, 2008), the Borrowers shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the outstanding Loans and/or the Commitments and a permanent Reserve shall be permanently reduced as set forth in Section 2.13 imposed against the Borrowing Base in an aggregate amount equal to 50% seventy-five percent (75%) of such Consolidated Excess Cash Flow, to the extent used to prepay the Loans.

Appears in 1 contract

Samples: Credit Agreement (Handleman Co /Mi/)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, commencing with Fiscal Year 2003, Borrowers shall, no later than ninety Within one hundred twenty (90120) days after the end of such each Fiscal YearYear (commencing with the Fiscal Year ending December 31, prepay 2013), the Borrower shall make mandatory principal prepayments of the Loans and/or in the Commitments shall be permanently reduced as manner set forth in Section 2.13 clause (vi) below in an aggregate amount equal to 50% the Consolidated Excess Cash Flow Percentage of such the Consolidated Excess Cash Flow, if any, for such Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Federal Signal Corp /De/)

Consolidated Excess Cash Flow. In the event that there shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, fiscal year (commencing with Fiscal Year 20032008), Borrowers Borrower shall, no later than ninety (90) days after the end of such Fiscal Yearfiscal year, prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.13 2.4(c) or 2.4(e), as applicable, in an aggregate amount equal to 50% seventy-five percent (75%) of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: First Lien Credit Agreement (Kratos Defense & Security Solutions, Inc.)

Consolidated Excess Cash Flow. In the event that there ----------------------------- shall be ----------------------------- Consolidated Excess Cash Flow for any Fiscal Year, commencing with Fiscal Year 2003, Borrowers the Borrower shall, no later than ninety sixty (9060) days after the end of such Fiscal Year, prepay the Loans and/or the Tranche B Term Loan Commitments shall be permanently reduced as set forth in Section 2.13 in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

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