Applicable ECF Prepayment Percentage definition

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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%.

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%.

More Definitions of Applicable ECF Prepayment Percentage

Applicable ECF Prepayment Percentage. 50%, if the Consolidated Total Leverage Ratio at the end of the immediately preceding Fiscal Year is greater than to 2.00:1.00;

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%.

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

Applicable ECF Prepayment Percentage means, with respect to any Excess Cash Flow Period, (a) 75.0%, if the Consolidated First Lien Net Leverage Ratio as of the last day of such Excess Cash Flow Period is greater than 5.50:1.00, (b) 50.0%, if the Consolidated First Lien Net Leverage Ratio as of the last day of such Excess Cash Flow Period is greater than 4.25:1.00, but equal to or less than 5.50:1.00, (c) 25.0%, if the Consolidated First Lien Net Leverage Ratio as of the last day of such Excess Cash Flow Period is greater than 3.50:1.00, but equal to or less than 4.25:1.00 and (d) 0.0%, if the Consolidated First Lien Net Leverage Ratio as of the last day of such Excess Cash Flow Period is equal to or less than 3.50:1.00, in each case, calculated on a Pro Forma Basis after giving effect to (i) any such contemplated prepayment under Section 5.2(a)(iv) and (ii) at the option of the Borrower, any prepayments or other Reductions after the end of the applicable Excess Cash Flow Period and prior to the date of such Consolidated Excess Cash Flow prepayment; provided that, if the applicable Consolidated First Lien Net Leverage Ratio used in calculating the foregoing prepayment percentages (after taking into account any such prepayment) would result in such percentage being reduced to 50%, 25% or 0%, then such reduced prepayment percentage shall apply after giving effect to the required prepayment amount to achieve such reduced prepayment percentage.

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%.

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%.