Borrower Retained ECF Amount definition

Borrower Retained ECF Amount means, as at any date of determination, an amount equal to the Borrower Retained ECF Percentage of the Consolidated Excess Cash Flow of the Borrower for each Fiscal Year beginning with the Fiscal Year commencing October 1, 2019 through and including the last day of the most recently completed Fiscal Year with respect to which the Administrative Agent has received the Compliance Certificate required to be delivered pursuant to Section 6.02(a).
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Borrower Retained ECF Amount means, as at any date of determination on or after the date that is 120 days after the Fiscal Year ended September 30, 2012, the Excess Cash Flow Amount for each Fiscal Year ended at least 95 days prior to such date that is not required to be applied to the Pro Rata Obligations pursuant to Section 2.05(b)(ii) (which amount, in the case of the Fiscal Year ending September 30, 2012, shall be multiplied by the 2012 ECF Pro Ration Amount) minus any portion of such amount used by the Borrower and its Subsidiaries on or prior to such date of determination to make (1) Investments pursuant to Section 7.02(c)(iv)(C)(2), (2) Investments pursuant to Section 7.02(o)(2), (3) Restricted Payments pursuant to Section 7.06(e)(2), (4) payments of Junior Indebtedness pursuant to Section 7.14(c)(2) or (5) Capital Expenditures pursuant to Section 7.16(z)(2).
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Borrower Retained ECF Amount means, as at any date of determination on or after the date that is ninety (90) days after the Fiscal Year ended December 31, 2012, the aggregate cumulative Excess Cash Flow Amount for each Fiscal Year commencing on or after January 1, 2013 and ended at least ninety (90) days prior to such date or, in the case of the Fiscal Year ended December 31, 2012, the Excess Cash Flow Amount for the period commencing on the first day of the calendar quarter immediately following the calendar quarter in which the Closing Date occurs and ending on December 31, 2012, in each case, that is not required to be applied to the Pro Rata Obligations pursuant to Section 2.05(b)(ii) minus any portion of such amount used by Holdings and its Subsidiaries on or prior to such date of determination to make (i) Investments pursuant to Section 7.02(c)(v)(C)(2) or Section 7.02(o)(2), (ii) Restricted Payments pursuant to Section 7.06(d)(2), (iii) payments of Junior Indebtedness pursuant to Section 7.14(c)(2) or (iv) Capital Expenditures pursuant to Section 7.16(2).
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Examples of Borrower Retained ECF Amount in a sentence

  • Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of Borrower Retained ECF Amount in its entirety.


More Definitions of Borrower Retained ECF Amount

Borrower Retained ECF Amount means, as at any date of determination, an amount equal to: (x) 50% of the Consolidated Excess Cash Flow of the Borrower (or, if Loans are required to be prepaid with Consolidated Excess Cash Flow for any Fiscal Year, the Consolidated Excess Cash Flow of the Borrower for such Fiscal Year not required to be applied to the prepayment of Loans (after giving effect to any waiver by any Lender of any right to receive any such prepayment)) for the period from and including October 1, 2013 through and including the last day of the most recently completed Fiscal Year with respect to which the Administrative Agent has received the Compliance Certificate required to be delivered pursuant to Section 6.02(a) minus (y) any portion of such amount used by the Borrower and its Subsidiaries on or prior to such date of determination to make (1) Investments pursuant to Section 7.02(c)(iv)(C)(2), (2) Investments pursuant to Section 7.02(o)(2), (3) Restricted Payments pursuant to Section 7.06(e)(2), (4) payments of Junior Indebtedness pursuant to Section 7.14(c)(2), or (5) Capital Expenditures pursuant to Section 7.16(2).
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Borrower Retained ECF Amount means, as at any date of determination, an amount equal to: (x) the Borrower Retained ECF Percentage of the Consolidated Excess Cash Flow of the Borrower for each Fiscal Year beginning with the Fiscal Year commencing October 1, 2013 through and including the last day of the most recently completed Fiscal Year with respect to which the Administrative Agent has received the Compliance Certificate required to be delivered pursuant to Section 6.02(a) minus (y) any portion of such amount utilized by the Borrower and its Subsidiaries since October 1, 2013 and on or prior to such date of determination to make (1) Investments pursuant to Section 7.02(c)(iv)(C)(2) of this Agreement or the Original Credit Agreement, (2) Investments pursuant to Section 7.02(o)(2) of this Agreement or the Original Credit Agreement, (3) Restricted Payments pursuant to Section 7.06(e)(2) of this Agreement or the Original Credit Agreement or (4) payments of Junior Indebtedness pursuant to Section 7.14(c)(2) of this Agreement or the Original Credit Agreement.
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Borrower Retained ECF Amount means, as at any date of determination, an amount equal to the Borrower Retained ECF Percentage of the Consolidated Excess Cash Flow of the Borrower for each Fiscal Year beginning with the Fiscal Year commencing October 1, 2020 through and including the last day of the most recently completed Fiscal Year with respect to which the Administrative Agent has received the Compliance Certificate required to be delivered pursuant to S ection 6.02(a).
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Borrower Retained ECF Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of the Consolidated Excess Cash Flow for each Fiscal Year ending after the Closing Date and prior to such date (it being understood that the a Retained Percentage of the Consolidated Excess Cash Flow for any Fiscal Year shall be included in the cumulative Borrower Retained ECF Amount regardless of whether a prepayment is required by Section 2.03(b)(ii) for such Fiscal Year).
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Borrower Retained ECF Amount in Section 1.01 of the Credit Agreement is hereby amended to read pursuant to the text set forth below, adding the words that are underlined and removing such words that are crossed out:
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Borrower Retained ECF Amount means, as of any date of determination on or after the date that is ninety (90) days after the Fiscal Year ended December 31, 2013, the aggregate cumulative Excess Cash Flow Amount Consolidated Excess Cash Flow for each Fiscal Year commencing on or after January 1, 2014 and ended at least ninety (90) days prior to such date or, in the case of the Fiscal Year ended December 31, 2013, the Excess Cash Flow Amount Consolidated Excess Cash Flow for the period commencing on the first day of the calendar quarter immediately following the calendar quarter in which the Restatement Date occurs and ending on December 31, 2013, in each case, that is not required to be applied to the Pro Rata Obligations pursuant to Section 2.05(b)(ii) minus any portion of such amount used by Holdings and its Subsidiaries on or prior to such date of determination to make (i) Investments pursuant to Section 7.02(c)(v)(C)(2) or Section 7.02(o)(2), (ii) Restricted Payments pursuant to Section 7.06(d)(2) or (iii) payments of Junior Indebtedness pursuant to Section 7.14(c)(2).
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Related to Borrower Retained ECF Amount

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Borrowing Base Amount means:

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Consolidated Total Borrowings means in relation to the Group, an amount (expressed in Singapore dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Singapore, equal to the aggregate of:

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Collateral Amount means, on any Distribution Date, an amount equal to the Aggregate Outstanding Net Eligible Loan Balance less the aggregate of the Overconcentration Loan Amounts and the aggregate of the Loan Excess Advance Amounts, if any, after giving effect to all purchases of Loans on such date. Solely for purposes of calculating the “Collateral Amount,” the determination of whether a Loan is an “Eligible Loan” shall be made as if such Loan were sold on the date of such calculation; provided, however, that a Dealer Loan relating to a Dealer that, to the knowledge of the Servicer, has become insolvent after the sale of such Dealer Loan to the Issuer shall continue to constitute an “Eligible Dealer Loan” (assuming that such Dealer Loan would otherwise be an “Eligible Dealer Loan” on such date of determination if the applicable Dealer had not become insolvent) for purposes of calculating the “Collateral Amount” so long as (i) the characterization of such Dealer Loan as an “Eligible Dealer Loan” would not cause the percentage of the aggregate Net Loan Balance of all Dealer Loans relating to Dealers who are insolvent to exceed 2.5% of the Aggregate Outstanding Net Eligible Loan Balance and (ii) no bankruptcy court has entered an order (whether or not final), which order has not been vacated or overturned, stating that a person other than the Issuer (or the Servicer on the Issuer’s behalf) is entitled to receive any collections on that Dealer Loan or the Contracts relating thereto.

  • Availability Block means $15,000,000.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.