EXCESS CASH FLOW OF THE BORROWER. Within fifteen (15) Business Days after the Borrower shall have submitted to the Administrative Agent its annual financial statements pursuant to Section 8.1 (a) in respect of any fiscal year of the Borrower, the Borrower shall make a Prepayment under this Subsection 3.2(a)(4) in an aggregate amount equal to fifty percent (50%) of the Borrower's Excess Cash Flow for such fiscal year.
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Samples: Financing Agreement (Impsat Fiber Networks Inc), Financing Agreement (Impsat Fiber Networks Inc)
EXCESS CASH FLOW OF THE BORROWER. Within fifteen (15) Business Days after the Borrower shall have submitted to the Administrative Agent its annual financial statements pursuant to Section 8.1
(a8.1(a) in respect of any fiscal year of the BorrowerBorrower ending after the Commitment Termination Date, the Borrower shall make a Prepayment under this Subsection 3.2(a)(4) in an aggregate amount equal to fifty percent (50%) of the Borrower's Excess Cash Flow Flow, if any, for such fiscal year, minus the aggregate principal amount of the Loans prepaid during such fiscal year pursuant to Sections 3.2(a)(5), 3.2(a)(6) or 3.2(b).
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EXCESS CASH FLOW OF THE BORROWER. Within fifteen (15) Business Days after the Borrower shall have submitted to the Administrative Agent its annual financial statements pursuant to Section 8.1
(a8.1(a) in respect of any fiscal year of the Borrower, the Borrower shall make a Prepayment under this Subsection 3.2(a)(4) in an aggregate amount equal to fifty percent (50%) of the Borrower's ’s Excess Cash Flow for such fiscal yearyear to the Administrative Agent.
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