ECF Prepayment Percentage means, for any relevant fiscal year of the Borrower, commencing with the fiscal year ending January 3, 2015, (a) 25% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 3.0 to 1.0 and (b) 0% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 3.00 to 1.0.
ECF Prepayment Percentage means, for any relevant fiscal year of the Company, commencing with the fiscal year ending September 30, 2018, (a) 50% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 3.0 to 1.0, (b) 25% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 3.0 to 1.0 but greater than or equal to 2.75 to 1.00, and (c) 0% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 2.75 to 1.0.
ECF Prepayment Percentage means, for any relevant fiscal year of Holdings, commencing with the fiscal year ending December 31, 2022, (a) 50% if the Consolidated Total Net Leverage Ratio as of the last day of such fiscal year is greater than 3.00 to 1.00, (b) 25% if the Consolidated Total Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 3.00 to 1.00 but greater than 2.50 to 1.00 and (c) 0% if the Consolidated Total Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 2.50 to 1.00.
Examples of ECF Prepayment Percentage in a sentence
Within 120 days after the end of each fiscal year of the Company, commencing on the date 120 days after the end of the fiscal year ending December 31, 1999, the Company shall prepay the Loan, to be applied as provided in Section 4.6.2, in an amount equal to the lesser of (a) the ECF Prepayment Percentage of Consolidated Excess Cash Flow for its most recently completed fiscal year or (b) the amount of the Loan.
Within five Banking Days after the date annual financial statements have been (or are required to have been) furnished by the Company to the Lenders in accordance with Section 6.4.1, the Company shall pay to the Agent as a prepayment of the Term Loan to be applied as provided in Section 4.6.2 in an amount equal to the lesser of (a) the ECF Prepayment Percentage of Consolidated Excess Cash Flow for its most recently completed fiscal year or (b) the amount of the Term Loan.
Following the end of each Excess Cash Flow Period, within five Business Days after financial statements are required to be delivered pursuant to Section 6.01(a) and the related Compliance Certificate is required to be delivered pursuant to Section 6.02(b), the Borrower shall prepay an aggregate principal amount of the Term Loans as hereafter provided, equal to the applicable ECF Prepayment Percentage of Excess Cash Flow for the Excess Cash Flow Period covered by such financial statements.
More Definitions of ECF Prepayment Percentage
ECF Prepayment Percentage means, for any relevant fiscal year of the Borrower, (a) 50% if the Consolidated Senior Secured Leverage Ratio as of the last day of such fiscal year is greater than or equal to 1.30 to 1.00, (b) 25% if the Consolidated Senior Secured Leverage Ratio as of the last day of such fiscal year is less than 1.30 to 1.00 but greater than or equal to 0.80 to 1.00, and (c) 0% if the Consolidated Senior Secured Leverage Ratio as of the last day of such fiscal year is less than 0.80 to 1.00.
ECF Prepayment Percentage means, as of any date of determination, (a) if the Total Net Leverage Ratio is greater than 1.50:1.00, 50%, (b) if the Total Net Leverage Ratio is less than or equal to 1.50:1.00 and greater than 1.00:1.00, 25% and (c) if the Total Net Leverage Ratio is less than or equal to 1.00:1.00, 0%
ECF Prepayment Percentage. 50%; PROVIDED, that in the event that the Leverage Ratio as determined in accordance with subsection 8.1(b) as of the last day of any fiscal year is less than or equal to 3.50 to 1.00, then the ECF Prepayment Percentage for such fiscal year shall be 0%.
ECF Prepayment Percentage means 50.0%; provided that if the Total Leverage Ratio as of the last day of the most recently completed two fiscal quarters as demonstrated by the financial statements of the U.S. Borrower submitted pursuant to Section 6.5 hereof is less than 2.0 to 1.0 and so long as no Default or Event of Default shall have occurred and be continuing, such percentage shall be reduced to 0% for the most recent fiscal year‑end.
ECF Prepayment Percentage means, (a) 50%, if the Borrowers’ First Lien Net Leverage Ratio at the end of the immediately preceding fiscal year equals or exceeds the Closing Date First Lien Net Leverage Ratio less 0.50 to 1.00, (b) 25%, if such First Lien Net Leverage Ratio is less than the Closing Date First Lien Net Leverage Ratio less 0.50 to 1.00, but equals or exceeds the Closing Date First Lien Net Leverage Ratio less 1.00 to 1.00, and (c) 0%, if such First Lien Net Leverage Ratio is less than the Closing Date First Lien Net Leverage Ratio less 1.00 to 1.00. “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway. “EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. “Eligible Assignee” means any Person that meets the requirements to be an assignee under Section 11.07(b)(v); provided that the following Persons shall not be Eligible Assignees: (a) any Defaulting Lender, (b) any Disqualified Lender (other than a Net Short Lender); provided that, to the extent persons are identified as Disqualified Lenders in writing by you after March 13, 2021 pursuant to clauses (a) or (c) in the definition thereof, the inclusion of such persons as Disqualified Lenders shall not retroactively apply to prior assignments or participations made in compliance with applicable assignment or participation provisions, and (c) unless approved by the US Borrower in its sole discretion (without giving effect to the proviso set forth in Section 11.07(b)(iii)(A), if applicable), any prospective Lender or Participant that would be a Net Short Lender immediately after giving effect to the assignment or participation pursuant to which such prospective Lender or Participant would become an actual Lender or Participant, as applicable. ...
ECF Prepayment Percentage means, for any relevant fiscal year of the Company, commencing with the fiscal year ending September 30, 2015,
ECF Prepayment Percentage has the meaning specified therefor in Section 2.4 of the Agreement.