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

Prepayments and Reductions from Consolidated Excess Cash Flow. On the 180th day after the end of each Fiscal Year, Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 75% of Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is greater than or equal to 3.00:1.00, and 50% of Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is less than 3.00:1.00.

Appears in 2 contracts

Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Winsloew Furniture Inc)

AutoNDA by SimpleDocs

Prepayments and Reductions from Consolidated Excess Cash Flow. On In ------------------------------------------------------------- the 180th day event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year 1999), Borrowers shall, no later than 90 days after the end of each such Fiscal Year, Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 7575 % of Consolidated Excess Cash Flow (or, if the Consolidated Total Leverage Ratio as of is not more than 4.5 to 1.0 on the last day of any such Fiscal Year is greater than or equal to 3.00:1.00Year, and 50% %) of such Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is less than 3.00:1.00Flow.

Appears in 1 contract

Samples: Credit Agreement (Dominos Pizza Government Services Division Inc)

Prepayments and Reductions from Consolidated Excess Cash Flow. On In the 180th event that (i) the Leverage Ratio is greater than 3.50:1.00 as of the last day after the end of each any Fiscal Year and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower within 100 days after the last day of such Fiscal Year, Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 7550% of such Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is greater than or equal to 3.00:1.00, and 50% of Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is less than 3.00:1.00Flow.

Appears in 1 contract

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

AutoNDA by SimpleDocs

Prepayments and Reductions from Consolidated Excess Cash Flow. On In the 180th day event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ending on or about December 31, 2001), Company shall, no later than ninety (90) days after the end of each such Fiscal Year, Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 7550% of such Consolidated Excess Cash Flow Flow; provided that such percentage shall be reduced to 25% if the Consolidated Total Leverage Ratio as of the last day of such Fiscal Year is greater than or equal to 3.00:1.00, and 50% of Consolidated Excess Cash Flow if the Consolidated Total Leverage Ratio as of at the last day of such Fiscal Year is less than 3.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

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