Common use of Prepayments from Excess Cash Flow Clause in Contracts

Prepayments from Excess Cash Flow. Within one hundred (100) days after the end of each Fiscal Year commencing with the Fiscal Year ended December 31, 2007, Borrower shall prepay the Loans in an amount equal to (i) seventy-five percent (75%) of the Excess Cash Flow for such Fiscal Year if the Leverage Ratio for such Fiscal Year was greater than or equal to 2.50 to 1.00, or (ii) fifty percent (50%) of the Excess Cash Flow for such Fiscal Year if the Leverage Ratio for such Fiscal Year was less than 2.50 to 1.00. The calculation shall be based on the audited Financial Statements for Holdings and its Subsidiaries. Any prepayments from Excess Cash Flow paid pursuant to this Section 2.5(b) shall be applied in accordance with Section 2.5(e).

Prepayments from Excess Cash Flow. Within one hundred twenty (100120) days after the end of each Fiscal Year commencing with the Fiscal Year ended December 31, 20072008, Borrower shall prepay the Loans in an amount equal to (i) seventy-five percent (75%) of the Excess Cash Flow for such Fiscal Year if the Leverage Ratio for such Fiscal Year was greater than or equal to 2.50 to 1.00, or (ii) fifty percent (50%) of the Excess Cash Flow for such Fiscal Year if the so long as Leverage Ratio is greater than 3:00 to 1:00 as of the last day of such Fiscal Year or (ii) zero percent (0%) of the Excess Cash Flow for such Fiscal Year was so long as Leverage Ratio is less than 2.50 than, or equal to, 3:00 to 1.001:00 as of the last day of such Fiscal Year. The calculation shall be based on the audited Financial Statements for Holdings and its Subsidiaries. Any prepayments from Excess Cash Flow paid pursuant to this Section 2.5(b1.5(e) shall be applied in accordance with Section 2.5(e1.5(f).

Prepayments from Excess Cash Flow. Within one hundred (100) days after the end of each Fiscal Year commencing with the Fiscal Year ended December October 31, 20072006, Borrower shall prepay the Loans in an amount equal to (i) seventy-five percent (75%) of the Excess Cash Flow for such Fiscal Year if the Leverage Ratio (PROVIDED, however, that for such Fiscal Year was greater than or 2006, Borrower shall prepay the Loans in an amount equal to 2.50 to 1.00, or (ii) fifty seventy-five percent (5075%) of the Excess Cash Flow for such Fiscal Year if the Leverage Ratio for such Fiscal Year was less than 2.50 to 1.00period beginning on the Closing Date and ending on October 31, 2006). The calculation shall be based on the audited Financial Statements for Holdings and its Subsidiaries. Any prepayments from Excess Cash Flow paid pursuant to this Section 2.5(bSECTION 1.5(B) shall be applied in accordance with Section 2.5(eSECTION 1.5(E).

Prepayments from Excess Cash Flow. Within one hundred twenty (100120) days after the end of each Fiscal Year commencing of its fiscal years, beginning with the Fiscal Year ended December 31fiscal year ending September 30, 20072003, Borrower shall prepay the Loans in an amount equal to (i) seventy-five percent (75%) of the Excess Cash Flow for such Fiscal Year fiscal year pursuant to the calculation on Exhibit 1.5(B); provided, that if at the Leverage Ratio for such Fiscal Year was greater end of any fiscal year of Borrower, the ratio of Total Indebtedness to TTM EBITDA is less than or 2.0x, Borrower shall prepay the Loans in an amount equal to 2.50 to 1.00, or (ii) fifty percent (50%) of the Excess Cash Flow for such Fiscal Year if fiscal year pursuant to the Leverage Ratio for such Fiscal Year was less than 2.50 to 1.00calculation on Exhibit 1.5(B). The calculation shall be based on the audited Financial Statements financial statements for Holdings and its Subsidiaries. Any prepayments from Excess Cash Flow paid pursuant to this Section 2.5(b) The payments shall be applied in accordance with Section 2.5(esubsection 1.5(F).