Common use of Consolidated Excess Cash Flow Clause in Contracts

Consolidated Excess Cash Flow. If for any fiscal year of the Borrower ending after December 31, 2008 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five Business Days following the date that financial statements for such fiscal year are required to be delivered pursuant to Section 7.01(a), the Loan Obligations shall be prepaid by an amount equal to the ECF Application Amount for such fiscal year.

Appears in 6 contracts

Samples: Credit Agreement (Interval Leisure Group, Inc.), Credit Agreement (Ticketmaster), Credit Agreement (Live Nation, Inc.)

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Consolidated Excess Cash Flow. If for any fiscal year of On the Borrower ending after December 31, 2008 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five next Business Days Day following the date that on which financial statements for such fiscal year are delivered or required to be delivered pursuant to Section 7.01(a6.01(a), commencing with the Loan fiscal year ending December 31, 2009, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations shall be prepaid by in accordance with Section 2.05(b)(vii)(B) in an aggregate amount equal to (x) 50% of Consolidated Excess Cash Flow for such fiscal year minus (y) the ECF Application Amount for amount of any voluntary prepayments made on the Term Loan during such fiscal year.

Appears in 1 contract

Samples: Credit Agreement (L-1 Identity Solutions, Inc.)

Consolidated Excess Cash Flow. If for any fiscal year of In the Borrower ending after December 31, 2008 event that there shall be Consolidated Excess Cash FlowFlow for any Fiscal Year (commencing with the Fiscal Year ending December 31, then2007 and calculated with respect to the Credit Parties only), on a date that is Borrower shall, no later five Business Days following than ninety days after the date that financial statements for end of such fiscal year are required to be delivered pursuant to Fiscal Year, prepay the Loans as set forth in Section 7.01(a), the Loan Obligations shall be prepaid by 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary repayments of the ECF Application Amount for such fiscal yearLoans.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Global Crossing LTD)

Consolidated Excess Cash Flow. If for any fiscal year of In the Borrower event that (commencing in the Fiscal Year ending after December 31, 2008 2008) there shall be Consolidated Excess Cash FlowFlow for any prior Fiscal Year, thenBorrower shall, on a date that is no later five Business Days following than ninety days after the date that financial statements for such fiscal year are required to be delivered pursuant to end of the prior Fiscal Year, prepay the Term Loans as set forth in Section 7.01(a), the Loan Obligations shall be prepaid by 2.15 in an aggregate amount equal to (i) 75% of such Consolidated Excess Cash Flow minus (ii) voluntary repayments of the ECF Application Amount for Term Loans during such fiscal yearprior Fiscal Year.

Appears in 1 contract

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

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Consolidated Excess Cash Flow. If for any fiscal year of the Parent Borrower ending after December 31, 2008 2010 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five Business Days following the date that financial statements for such fiscal year are required to be delivered pursuant to Section 7.01(a), the Loan Obligations shall be prepaid by an amount equal to the ECF Application Amount for such fiscal yearyear less any voluntary prepayments of Term Loans made during such fiscal year (other than such voluntary prepayments that are funded by the proceeds of Indebtedness).

Appears in 1 contract

Samples: Credit Agreement (Live Nation Entertainment, Inc.)

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