Common use of Mandatory Prepayment from Excess Cash Flow Clause in Contracts

Mandatory Prepayment from Excess Cash Flow. The Borrower shall ensure that within ten Business Days of delivery of the most recent financial statements of the UK Group pursuant to Clause 16.1 (Annual Statements), commencing with the financial statements delivered in respect of the financial year to ending 31 December 2003, the Excess Cash Flow Payment Amount for the financial year to which such financial statements relate is applied in cancellation of the Available Facility and/or repayment of the Loan in accordance with Clause 9.6 (Application of 41 43 Proceeds).

Mandatory Prepayment from Excess Cash Flow. The Borrower Parent shall ensure that within ten Business Days of delivery of the most recent financial statements of the UK Group pursuant to Clause 16.1 17.1 (Annual Statements), commencing with the financial statements delivered in respect of the financial year to ending 31 December 2003, the 50 per cent. of Excess Cash Flow Payment Amount for the financial year to which such financial statements relate is applied in cancellation of the Available Facility and/or and repayment of the Revolving Loan in accordance with Clause 9.6 10.7 (Application of 41 43 Proceeds).