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 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.

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 Company, commencing with the fiscal year ending September 30, 2015, (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.

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 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.

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, 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 means (i) 50% for the fiscal year ending December 31, 2008; provided that so long as no Event of Default shall have occurred and be continuing such percentage shall be 25% if the Total Leverage Ratio as demonstrated by the financial statements of the Borrower submitted pursuant to Section 8.5 hereof has been less than 2.50 to 1.00 for two (2) consecutive fiscal quarters ending on or before December 31, 2008; and

ECF Prepayment Percentage has the meaning specified therefor in Section 2.4 of the Agreement.

ECF Prepayment Percentage means (a) 50%, if the Borrower’s Secured Net Leverage Ratio at the end of the immediately preceding fiscal year equals or exceeds the Closing Date Secured Net Leverage Ratio less 0.50 to 1.00, (b) 25%, if such Secured Net Leverage Ratio is less than the Closing Date Secured Net Leverage Ratio less 0.50 to 1.00, but equals or exceeds the Closing Date Secured Net Leverage Ratio less 1.00 to 1.00, and (c) 0%, if such Secured Net Leverage Ratio is less than the Closing Date Secured Net Leverage Ratio less 1.00 to 1.00.

ECF Prepayment Percentage means 50% for the fiscal year ending December 31, 2009; provided that so long as no Event of Default shall have occurred and be continuing such percentage shall be permanently reduced to (a) 25% at such time as the Total Leverage Ratio as demonstrated by the financial statements of the Borrower submitted pursuant to Section 8.5 hereof has been less than 2.50 to 1.00 for two (2) consecutive fiscal quarters ending on or after September 30, 2009, and (b) 0% at such time as the Total Leverage Ratio as demonstrated by the financial statements of the Borrower submitted pursuant to Section 8.5 hereof has been less than 2.00 to 1.00 for two (2) consecutive fiscal quarters ending on or after September 30, 2009.