Common use of Excess Cash Flow Recapture Clause in Contracts

Excess Cash Flow Recapture. Annually, within 30 days after delivery of Borrower’s financial statements for the last fiscal quarter of each year, Borrower shall repay Term Loan principal in an amount equal to 50% of Excess Cash Flow for the twelve-month period ending on the last day of such fiscal quarter. Such payment shall be due (i) initially, with respect to the Excess Cash Flow determined for the year endind December 31, 2014 and (ii) thereafter, with respect to the Excess Cash Flow determined for each subsequent year until Senior Leverage Ratio calculated as of the end of the relevant year is less than 2.00:1.00.

Excess Cash Flow Recapture. Annually, within 30 days after delivery of Borrower’s 's financial statements for the last first fiscal quarter of each year, Borrower shall repay prepay Term Loan principal in an amount equal to 50% of Excess Cash Flow for the twelve-month period ending on the last day of such fiscal quarter. Such payment shall be due (i) initiallyfirst, with respect to the Excess Cash Flow determined for the year endind December twelve-month period ending March 31, 2014 2014, and (ii) thereafter, with respect to the Excess Cash Flow determined for each subsequent year twelve-month period until Senior Leverage Ratio calculated as of the end of the relevant year twelve-month period is less than 2.00:1.00.

Excess Cash Flow Recapture. Annually, within 30 days after delivery of Borrower’s 's financial statements for the last first fiscal quarter of each year, Borrower shall repay prepay Term Loan principal in an amount equal to 5025% of Excess Cash Flow for the twelve-month period ending on the last day of such fiscal quarter. Such payment shall be due (i) initially, with respect to the Excess Cash Flow determined for the year endind December 31, 2014 and (ii) thereafter, with respect to the Excess Cash Flow determined for each subsequent year twelve-month period until Senior year-end Total Leverage Ratio calculated as of the end of the relevant year twelve-month period is less greater than 2.00:1.00.

Excess Cash Flow Recapture. Annually, within 30 days after delivery of Borrower’s 's financial statements for the last first fiscal quarter of each year, Borrower shall repay prepay Term Loan principal in an amount equal to 50% of Excess Cash Flow for the twelve-month period ending on the last day of such the preceding fiscal quarteryear. Such payment shall be due (i) initiallyfirst, with respect to the Excess Cash Flow determined for the year endind twelve-month period ending December 31, 2014 2014, and (ii) thereafter, with respect to the Excess Cash Flow determined for each subsequent year twelve-month period until Senior Leverage Ratio calculated as of the end of the relevant year twelve-month period is less than 2.00:1.00.