Excess EBITDA. On March 31, 2010 and March 31, 2011, the Borrower shall prepay Term Loans in an amount equal to (1) .25 multiplied by (2) the consolidated EBITDA of the Loan Parties and their Subsidiaries in excess of $370 million from the prior calendar year; provided that no such payment shall be required if the outstanding Term Loans are less than or equal to $250 million (or to the extent such payment would cause the outstanding Term Loans to be less than $250 million; it being understood that a partial payment shall be made until the outstanding amount of Term Loans equals $250 million). Any prepayment pursuant to this clause (ii)(C) shall be applied as set forth in clause (iii) below.
Excess EBITDA. In the event that the Consolidated Adjusted EBITDA of the Company in a fiscal year exceeds the Target EBITDA for such fiscal year, then that excess will be credited toward achieving the immediately subsequent fiscal year's Target EBITDA.
