Cash Sweep Amount definition

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.

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.

Examples of Cash Sweep Amount in a sentence

• Upon a Mandatory Cash Sweep Event or Divestment Event (as applicable), the Issuer shall make a partial prepayment at the Prepayment Amount by way of reducing the Nominal Amount of each Bond pro rata with the Mandatory Cash Sweep Amount or Divestment Event Amount (as applicable) (a “Mandatory Partial Prepayment”).

• The Issuer shall, on each Interest Payment Date occurring following the fifth anniversary of the First Issue Date (each an "Amortisation Date"), repay an aggregate amount equivalent to the Cash Sweep Amount on the outstanding Bonds issued at the time of repayment, at a price equal to 100 per cent.

• The Issuers will not purchase Notes pursuant to the provisions of Section 4.2(a), unless (i) on the Interest Payment Date immediately prior to such purchase, the Issuers did not issue PIK Notes for all or part of such interest payment, (ii) pursuant to Section 4.3, the Issuers paid the Cash Sweep Amount in full to the Holders in such calendar year, and (iii) the aggregate Note purchases in such calendar year do not exceed the Cash Sweep Amount for such year.

• However, whilst a Loan Event of Default is outstanding, the Managing Agent will continue to collect the Rental Income but an amount equal to the Cash Sweep Amount will be transferred on a daily basis to the Debt Service Account from the Operating Accounts (see the section entitled “Issuer/Borrower Facility Agreement”).

• Any notice that the Issuer or the Agent shall send to the Bondholders pursuant to Clauses12.3 (Voluntary total redemption (call option)), 12.4 (Mandatory early par­ tial prepayment due to a Mandatory Cash Sweep Amount), 12.5 (Mandatory repur­ chase due to a Change of Control (put option)), 19(o), 20(a), 21(a) and 22(c) shall also be published by way of press release by the Issuer or the Agent, as applicable.

More Definitions of Cash Sweep Amount

Cash Sweep Amount means, with respect to any Cash Sweep Financing, fifteen percent (15.0%) of the gross proceeds from 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 fifteen percent (15.0%) of the gross proceeds of such Cash Sweep Financing.

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 an amount equal to fifty per cent. (50%) of the aggregate positive free cash balances of the Group as derived from the Group’s quarterly accounts (including, without limitation, from the operations of Tiger Palace Resort Bhairahawa, The Millionaire’s Club & Casino, Kathmandu and all other operations in Nepal), in any currency, on a Quarter Date, after allowing for US$1,300,000 retention in Nepal and US$500,000 retention outside of Nepal, subject to receipt of all necessary regulatory, bank, or other approvals.

Cash Sweep Amount means the amount of Net Cash distributed to Seller and the Family Sellers (as applicable) pursuant to the Cash Sweep.

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) Business Days prior to 31 August 2020, 30 November 2020, 28 February 2021 and 31 May2021 respectively.

Cash Sweep Amount means, in the first three

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.