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

Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Flow Payment Date, an amount equal to 50% of Excess Cash Flow of Company and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Flow Payment Date shall be applied as a mandatory repayment of principal of the Loans and cash collateralization of the L/C Obligations in the order set forth in Section 4.4; provided, that so long as no Event of Default or Unmatured Event of Default then exists, if the Leverage Ratio as of the last day of such most recent Excess Cash Flow Period is less than 3.25:1.0 and greater than or equal to 2.50:1.0, then, instead of 50%, an amount equal to 25% of Excess Cash Flow of Company and its Subsidiaries for such Excess Cash Flow Period shall be applied as a mandatory repayment of Term Loans as provided above in this Section 4.3(d) and, provided, further that if the Leverage Ratio as of the last day of such most recent Excess Cash Flow Period is less than 2.50:1.0, no such prepayment shall be required from Excess Cash Flow.

Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Flow Payment Date, an amount equal to 5075% of Excess Cash Flow Flow, if positive, of Company Borrower and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Flow Payment Date shall be applied as a mandatory repayment of principal of the Loans and cash collateralization as provided in Section 4.5 in each case subject to modification of the L/C Obligations in the order such application as set forth in Section 4.44.5(c); provided, however, that so long as no Unmatured Event of Default or Unmatured Event of Default then exists, if the Senior Leverage Ratio as of the last day of such most recent Excess Cash Flow Period is less than 3.25:1.0 and greater than or equal 2.00 to 2.50:1.01.00, then, instead of 5075%, an amount equal to 2550% of Excess Cash Flow of Company Borrower and its Subsidiaries for such Excess Cash Flow Period shall be applied as a mandatory repayment of Term Loans as provided above in this Section 4.3(d) and, 4.4(d); provided, further that however, notwithstanding anything else in this Section 4.4(d) to the contrary, for any Excess Cash Payment Date occurring during the Elevated Leverage Period, an amount equal to 100% of Excess Cash Flow, if positive, of Borrower and its Subsidiaries for the Leverage Ratio as of the last day of such most recent Excess Cash Flow Period is less than 2.50:1.0, no ending prior to such prepayment Excess Cash Payment Date shall be required from Excess Cash Flowapplied as a mandatory repayment of principal of the Loans as provided in Section 4.5 in each case subject to modification of such application as set forth in Section 4.5(c).