Applicable ECF Prepayment Percentage definition

Applicable ECF Prepayment Percentage means, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (which calculation shall give Pro Forma Effect to any required paydown or reduction (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year)) is (i) less than or equal to 4.00:1.00 but greater than 3.50:1.00, the Applicable ECF Prepayment Percentage shall instead be 25% and (ii) less than or equal to 3.50:1.00, the Applicable ECF Prepayment Percentage shall instead be 0%.
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Applicable ECF Prepayment Percentage means, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 3.70:1.00 but greater than 3.20:1.00 the Applicable ECF Prepayment Percentage shall instead be 25% and (ii) less than or equal to 3.20:1.00, the Applicable ECF Prepayment Percentage shall instead be 0%.
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Applicable ECF Prepayment Percentage means, with respect to each Excess Cash Flow Period, (a) if the Borrower’s Secured Net Leverage Ratio at the end of such Excess Cash Flow Period is greater than 3.25 to 1.00, 50%; (b) if such Secured Net Leverage Ratio is equal to or less than 3.25 to 1.00, but greater than 2.75 to 1.00, 25%, and (c) if such Secured Net Leverage Ratio is equal to or less than 2.75 to 1.00, 0%.
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More Definitions of Applicable ECF Prepayment Percentage

Applicable ECF Prepayment Percentage means, with respect to each Excess Cash Flow Period, (a) if the Borrower’s Secured Net Leverage Ratio at the end of such Excess Cash Flow Period is greater than 3.25 to 1.00, 50%; (b) if such Secured Net Leverage Ratio is equal to or less than
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Applicable ECF Prepayment Percentage with respect to any prepayment of the Term Loans required pursuant to Section 2.11(c) (i) if the First Lien Net Leverage Ratio as of the last day of the applicable Excess Cash Flow Period (after giving effect on a Pro Forma Basis to (x) such prepayment and (y) any other prepayment or repayment made after the end of the applicable Excess Cash Flow Period and prior to the date such prepayment is required to be made) is less than or equal to 1.50 to 1.00, 0%, (ii) if the First Lien Net Leverage Ratio as of the last day of the applicable Excess Cash Flow Period (after giving effect on a Pro Forma Basis to (x) such prepayment and (y) any other prepayment or repayment made after the end of the applicable Excess Cash Flow Period and prior to the date such prepayment is required to be made) is less than or equal to 2.00 to 1.00 and greater than 1.50 to 1.00, 25% or (iii) otherwise, 50%.
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Applicable ECF Prepayment Percentage means, at any time, 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 1.50:1.00 (as set forth in the officer’s certificate delivered pursuant to Section 7.01(f) for the fiscal quarter or fiscal year, as the case may be, of Parent then last ended for which financial statements are available), the Applicable ECF Prepayment Percentage shall instead be 25%; provided further that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 1.25:1.00 (as set forth in the officer’s certificate delivered pursuant to Section 7.01(f) for the fiscal quarter or fiscal year, as the case may be, of Parent then last ended for which financial statements are available), the Applicable ECF Prepayment Percentage shall instead be 0%.
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Applicable ECF Prepayment Percentage means with respect to any Excess Cash Payment Date (i) 50%, if the Consolidated Leverage Ratio as at the last day of the then most recently ended fiscal year of Holdings is greater than 3.00:1.00, (ii) 25%, if the Consolidated Leverage Ratio as at the last day of the then most recently ended fiscal year of Holdings is less than or equal to 3.00:1.00 but greater than 2.50:1.00 and (iii) 0%, if the Consolidated Leverage Ratio as at the last day of the then most recently ended fiscal year of is less than or equal to 2.50:1.00. Notwithstanding anything to the contrary contained in this definition, if a Specified Default exists and is continuing on an Excess Cash Payment Date, the Applicable ECF Percentage with respect to such Excess Cash Payment Date shall be 50%.
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Applicable ECF Prepayment Percentage means, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 3.30:1.00 but greater than 2.80:1.00, the Applicable ECF Prepayment
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Applicable ECF Prepayment Percentage means, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 3.30:1.00 but greater than 2.80:1.00, the Applicable ECF Prepayment Percentage for such fiscal year shall instead be 25% and (ii) less than or equal to 2.80:1.00, the Applicable ECF Prepayment Percentage for such fiscal year shall instead be 0%. “Applicable Increased Term Loan Spread” shall mean, with respect to any then outstanding Initial Term Loans at the time of the provision of any new Tranche of Incremental Term Loans pursuant to Section 2.15 or 2
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Related to Applicable ECF Prepayment Percentage

  • Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • ECF Percentage has the meaning specified in Section 2.05(b)(i).