ECF Prepayment Percentage definition

ECF Prepayment Percentage means, for any relevant fiscal year of the Borrower, (a) 50% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 2.75 to 1.00, (b) 25% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 2.75 to 1.00 but greater than or equal to 2.25 to 1.00, and (c) 0% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 2.25 to 1.0.

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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, for any relevant fiscal year of the Borrower, (a) 50% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 3.50 to 1.00, (b) 25% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00, and (c) 0% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 3.00 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, 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, with respect to any period, the percentage set forth in the table below opposite the Reference Leverage Ratio for such period: Reference Leverage Ratio ECF Prepayment Percentage ------------------------ ------------------------- >=3.00X 75% <3.00X and >=2.00X 50%

ECF Prepayment Percentage means, for any relevant fiscal year of the Borrower, (a) 75% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 3.50 to 1.00, (b) 50% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than

ECF Prepayment Percentage. “Fixed Charges,” “Permitted Acquisition,” and “Term Loan Increase Availability” in their entirety and as so amended to read as set forth below and (iii) inserting new defined terms “Bridge Loan Repayment,” “Cash on Hand,” “First Amendment,” and “First Amendment Effective Date” as set forth below in their proper alphabetical order:

ECF Prepayment Percentage means, for any relevant Excess Cash Flow Period, (a) 50% if the Consolidated Net Leverage Ratio for the four fiscal quarter period ended as of the last day of such Excess Cash Flow Period is greater than 2.75 to 1.00, (b) 25% if the Consolidated Net Leverage Ratio for the four fiscal quarter period ended as of the last day of such Excess Cash Flow Period is less than or equal to 2.75 to 1.00 but greater than 2.50 to 1.00, and (c) 0% if the Consolidated Net Leverage Ratio for the four fiscal quarter period ended as of the last day of Excess Cash Flow Period year is less than or equal to 2.50 to 1.00.