Common use of Prepayments and Reductions from Consolidated Excess Cash Flow Clause in Contracts

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____), Company shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to __% of such Consolidated Excess Cash Flow.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

AutoNDA by SimpleDocs

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____1999), Company shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Penton Media Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____ending October 31, 2003), Company shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow; provided, that such percentage shall be reduced to 50% for any Fiscal Year during which the Consolidated Leverage Ratio as of the last day of such Fiscal Year is less than 2.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ____ending on or about October 31, 2000), Company shall, no later than 90 ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Falcon Products Inc /De/)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____)1997) in amount greater than $5,000,000, Company Borrower shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash FlowFlow in excess of $5,000,000.

Appears in 1 contract

Samples: Credit Agreement (Prime Succession Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____2005), Company shall, no later than 90 120 days after the end of such Fiscal Year, prepay the Loans and/or Loans, and collateralize Bankers' Acceptances (without reduction of the Revolving Loan Commitment Amount shall be permanently reduced Commitments), in an aggregate amount equal to __50% of such Consolidated Excess Cash Flow, all as provided in subsection 2.4B(iv) and subsection 2.4G, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Nacg Finance LLC)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____)Year, Company the applicable Borrower shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____2002), Company shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Holdings Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____2000), Company shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Optel Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that If there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____2002), Company Borrower shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or and the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash FlowFlow if at the end of such Fiscal Year the Consolidated Total Leverage Ratio is greater than or equal to 4:00 to 1:00.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the --------------------------------------------------------------- event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____ending August 31, 2002), Company Borrowers shall, no later than 90 95 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in by an aggregate amount equal to __% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Farmland Industries Inc)

AutoNDA by SimpleDocs

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____1998), Company shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Benedek License Corp)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ____beginning December 31, 1996), Company shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Houlihans Restaurant Group Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with or in the case of Fiscal Year ____1996, during the period commencing on the Closing Date and ending on (and including) December 28, 1996), Company shall, no later than 90 within 100 days after the end last day of such Fiscal Year, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Smiths Food & Drug Centers Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ____ending in December 1998 (or, if the Term Loan Conversion occurs, December 1999)), Company shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans (and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced reduced) in an aggregate amount equal to __50% of such Consolidated Excess Cash FlowFlow for such Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (MBW Foods Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ____beginning October 1, 1997), Company shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to __50% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (Wavetek U S Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year ____2002), Company or Finance Sub, as applicable, shall, no later than 90 100 days after the end of such Fiscal Year, prepay the Loans and/or the Series A Revolving Loan Commitment Amount Commitments, the Series B Term Loan Commitments and the Incremental Facility Commitments, if any, shall be permanently reduced in an aggregate amount equal to __75% of such Consolidated Excess Cash Flow.

Appears in 1 contract

Samples: Credit Agreement (E Spire Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!