Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Payment Date, an amount equal to 75% of Excess Cash Flow, if positive, of Borrower and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Payment Date shall be applied as a mandatory repayment of principal of the Loans as provided in Section 4.4.
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Samples: Credit Agreement (BMC Industries Inc/Mn/), Second Amendment and Restatement Agreement (BMC Industries Inc/Mn/)
Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Payment Date, an amount equal to 7550% of Excess Cash Flow, if positive, of Borrower Holdings and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Payment Date shall be applied as a mandatory repayment of principal of the Loans as provided in Section 4.44.5 in each case subject to modification of such application as set forth in Section 4.5(d).
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Samples: Credit Agreement (Natg Holdings LLC), Credit Agreement (Irwin Telecom Services Inc)
Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Payment Date, an amount equal to 7550% of Excess Cash Flow, if positive, Flow of Borrower and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Payment Date shall be applied as a mandatory repayment of principal of the Loans as provided in Section 4.4Term Loans.
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Mandatory Prepayment With Excess Cash Flow. On each Excess Cash Payment Date, an amount equal to 7550% of Excess Cash Flow, if positive, Flow of Borrower and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Payment Date shall be applied as a mandatory repayment of principal of the Loans Obligations as provided in Section 4.44.5.
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