Common use of Mandatory Prepayment of Term Loan Clause in Contracts

Mandatory Prepayment of Term Loan. (a) Subject to clauses (e) and (f) hereof, the Term Loan shall be subject to required principal reductions in the amount of the Applicable Excess Cash Flow Percentage of Excess Cash Flow for each Fiscal Year, such prepayments to be payable in respect of each Fiscal Year beginning with the Fiscal Year ending March 31, 2020, and each Fiscal Year thereafter, and to be due on the tenth (10th) Business Day after the required date of delivery of Borrower’s annual financial statements under Section 7.1(a) for the applicable Fiscal Year.

Mandatory Prepayment of Term Loan. (a) Subject to clauses (e) and (f) hereof, the Term Loan shall be subject to required principal reductions in the amount of the Applicable Excess Cash Flow Recapture Percentage of Excess Cash Flow for each Fiscal Year, such prepayments to be payable in respect of each Fiscal Year beginning with the Fiscal Year ending March 31June 30, 20202009, and each Fiscal Year thereafter, and to be due on October 1 of the tenth (10th) Business Day after the required date of delivery of Borrower’s annual financial statements under Section 7.1(a) for the applicable following Fiscal Year.

Mandatory Prepayment of Term Loan. (a) Subject to clauses (e) and (f) hereof, the The Term Loan shall be subject to required principal reductions in the amount of the Applicable Excess Cash Flow Percentage (i) fifty percent (50%) of Excess Cash Flow for each Fiscal Year, such prepayments to be payable in respect of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending March December 31, 2020, 2003 and each Fiscal Year thereafterfiscal year thereafter through the Term Loan Maturity Date, and to be due on April 30th of the tenth (10th) Business Day after the required date of delivery of Borrower’s annual financial statements under Section 7.1(a) for year following the applicable Fiscal Yearfiscal year.

Mandatory Prepayment of Term Loan. (a) Subject to clauses (e) and (f) hereof, the Term Loan shall be subject to required principal reductions in the amount of the Applicable Excess Cash Flow Recapture Percentage of Excess Cash Flow for each Fiscal Year, such prepayments to be payable in respect of each Fiscal Year beginning with the Fiscal Year ending March December 31, 20202014, and each Fiscal Year thereafter, and to be due on April 1 of the tenth (10th) Business Day after the required date of delivery of Borrower’s annual financial statements under Section 7.1(a) for the applicable following Fiscal Year.