Cash Sweep Amount definition

Cash Sweep Amount means, with respect to any Cash Sweep Financing, twenty five percent (25.0%) of the gross proceeds from any such financing; provided, however, that in no event shall the aggregate amount of the gross proceeds of any Cash Sweep Financing that the Company is required to redeem in respect of this Note and all Other Notes exceed twenty five percent (25.0%) of the gross proceeds of such Cash Sweep Financing.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Cash Sweep Amount means, in the first five fiscal years from the date of approval of the Reorganization Plan, provided that the Minimum Cash Requirement is reached, an amount equal to 70% of the Net Proceeds of any Asset Sale over US$200.0 million received by Oi or its Subsidiaries during such financial year. For any financial year commencing after the sixth anniversary of the date of the Reorganization Plan Confirmation, “Cash Sweep Amount” means an amount equal to 70% of the Cash Balance that exceeds the Minimum Cash Requirement.

Cash Sweep Amount means the amount of amortisations received by the Issuer on the Promissory Notes during the period following the First Issue Date or the last Amortisation Date (as applicable) to and including the relevant Amortisation Date.

Examples of Cash Sweep Amount in a sentence

If the Holder or any Other Holder elects to redeem all or a portion of any Other Notes for all or a portion of the Cash Sweep Amount with respect to the same Cash Sweep Financing, the Trustee shall then select the redemption portions of the principal of this Note and such Other Notes on a pro rata basis to the extent practicable or such other method the Trustee deems fair and appropriate.
On 31 March 2011 the Borrower shall procure that the Total Cash Sweep Amount on the Cash Sweep Determination Dates of 31 December 2009 and 31 December 2010 held in the Cash Sweep Bank Account shall be applied in accordance with Clause 10.23.2 as if it were a single Total Cash Sweep Amount existing on 31 December 2010.
These calculations include, but are not limited to, determinations of the Cash Sweep Amount, Daily VWAPs, Fundamental Change Repurchase Price, Event of Default Acceleration Amount, Market Stock Payment Price, Partial Redemption Payments, and accrued interest on the Notes.
On 31 March 2011 the Guarantor shall procure that the Total Cash Sweep Amount on the Cash Sweep Determination Dates of 31 December 2009 and 31 December 2010 held in the Cash Sweep Bank Account shall be applied in accordance with Clause 12.2 as if it were a single Total Cash Sweep Amount existing on 31 December 2010.
The Cash Sweep Amount shall be applied by the Agent to reduce the Balloon (as defined in Clause 5.1) to the Lower Balloon Amount.

More Definitions of Cash Sweep Amount

Cash Sweep Amount means, in the first three

Cash Sweep Amount means, with respect to the last day of any fiscal quarter of the Borrower, an amount equal to the amount by which Available Liquidity exceeds $150,000,000.

Cash Sweep Amount means one third of the Excess Cash Flow that has accrued during the relevant Cash Sweep Period, the first such amount to be calculated on the second Quarter Date after the Drawdown Date and each following amount to be calculated on the subsequent Quarter Dates.

Cash Sweep Amount means the estimated surplus cashflow determined in accordance with the cash flow sweep 'other condition' which is the amount we may we may elect to require you to apply in permanent reduction of some of your facilities with us.

Cash Sweep Amount means, (a) with respect to any Cash Sweep Financing, twenty five percent (25%) of the net proceeds from such financing and (b) with respect to any DFCF Action, twenty five percent (25%) of the amount of such dividend, distribution, prepayment or Investment, as applicable.

Cash Sweep Amount means, in relation to each Financial Quarter, the amount calculated in accordance with clause 6.1.1 (Quarterly Cash Sweep Repayments).

Cash Sweep Amount means the aggregated amount of Unrestricted Cash in the Group, less any amounts to be applied for Interest Payments (if the dates for Cash Sweep Amortisation coincides with Interest Payment Dates), in excess of USD 7,500,000, calculated five (5)