Common use of Prepayments from Excess Cash Flow Clause in Contracts

Prepayments from Excess Cash Flow. Within one hundred thirty (130) days after the end of each of its fiscal years (commencing with the end of fiscal year 2003), Borrower shall prepay the Loans in an amount equal to eighty five percent (85%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B). The calculation shall be based on the audited financial statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E).

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

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Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, 2002, Borrower shall prepay the Loans in an amount equal to eighty five fifty percent (8550%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for BorrowerBorrower and its Subsidiaries. The payments shall be applied in accordance with subsection 1.5(ESection 1.5(e).

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, 2007, Borrower shall prepay the Loans in an amount equal to eighty seventy-five percent (8575%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for BorrowerHoldings and its Subsidiaries. The payments Any prepayments from Excess Cash Flow paid pursuant to this SECTION 1.5(b) shall be applied in accordance with subsection 1.5(ESECTION 1.5(e).. 13

Appears in 1 contract

Samples: Credit Agreement (RadNet, Inc.)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days --------------------------------- after the end of each of its fiscal years (commencing with the end of fiscal year 2003)years, Borrower Borrowers shall prepay the Loans in an amount equal to eighty five fifty percent (8550%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B). The calculation shall be based on the audited financial statements for BorrowerParent and its Subsidiaries. The payments shall be applied in accordance with subsection 1.5(E).

Appears in 1 contract

Samples: Credit Agreement (Opinion Research Corp)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, Borrower 2006, Borrowers shall prepay the Loans in an amount equal to eighty seventy-five percent (8575%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E)Holdings and its Subsidiaries.”

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, Borrower 2005, Borrowers shall prepay the Loans in an amount equal to eighty five fifty percent (8550%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E)Holdings and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, 2007, Borrower shall prepay the Loans in an amount equal to eighty seventy-five percent (8575%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for BorrowerHoldings and its Subsidiaries. The payments Any prepayments from Excess Cash Flow paid pursuant to this SECTION 1.5(b) shall be applied in accordance with subsection 1.5(ESECTION 1.5(e).

Appears in 1 contract

Samples: Credit Agreement (Primedex Health Systems Inc)

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Prepayments from Excess Cash Flow. Within one hundred thirty (130) 130 days after the end of each of its fiscal years (commencing with the end of fiscal year 2003), Borrower shall prepay the Loans in an amount equal to eighty five percent (85%) % of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)) . The calculation shall be based on the audited financial statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E).

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

Prepayments from Excess Cash Flow. Within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year Fiscal Year ended December 31, 2003), Borrower Borrowers shall prepay the Loans in an amount equal to eighty five fifty percent (8550%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E)Holdings and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Prepayments from Excess Cash Flow. Within After the repayment in full of the First Lien Debt and the termination of all commitments with respect thereto, within one hundred thirty (130100) days after the end of each of its fiscal years (Fiscal Year commencing with the end of fiscal year 2003)Fiscal Year ended December 31, Borrower 2005, Borrowers shall prepay the Loans Term Loan in an amount equal to eighty five fifty percent (8550%) of the Excess Cash Flow for such fiscal year determined pursuant to the calculation on Exhibit 1.5(B)Fiscal Year. The calculation shall be based on the audited financial statements Financial Statements for Borrower. The payments shall be applied in accordance with subsection 1.5(E)Holdings and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

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