ECF Sweep Amount definition

ECF Sweep Amount has the meaning assigned to such term in Section 2.11(d).
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ECF Sweep Amount means, for any applicable Quarterly Date, (i) if the amount of Net Cash Flow as of such Quarterly Date is at least equal to the ECF Target Amount as of such Quarterly Date, such ECF Target Amount or (ii) if the amount of Net Cash Flow as of such Quarterly Date is less than the ECF Target Amount as of such Quarterly Date, such amount of Net Cash Flow.
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ECF Sweep Amount means, as of any Quarterly Payment Date, an amount equal to [***]% of the Excess Cash Flow (as such term is defined in the Depositary Agreement) as of such Quarterly Payment Date.
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Examples of ECF Sweep Amount in a sentence

  • On each Adjustment Date, the Borrower shall offer to prepay the Loans of each Lender in an amount equal to such Lender’s pro rata share of the ECF Sweep Amount pursuant to a written notice sent to the Administrative Agent with a detailed calculation as to the applicable Net Cash Flow and ECF Sweep Amount (which calculations shall be in form and substance reasonably satisfactory to the Administrative Agent) (each such offer to prepay referred to in this Section 2.06(b)(v), an “ECF Prepayment Offer”).

  • Beginning with the Quarterly Date occurring after the Term Conversion Date and each Quarterly Date thereafter, Borrower shall prepay the Loans of each Lender in an amount equal to such Lender’s pro rata share of the ECF Sweep Amount within three (3) Business Days of each such Quarterly Date, accompanied by payment of all accrued interest on the amount prepaid and a calculation as to the ECF Sweep Amount (which calculation shall be in form and substance reasonably satisfactory to the Administrative Agent).


More Definitions of ECF Sweep Amount

ECF Sweep Amount means, as of each Quarterly Date, 100% of the amount of funds available in the Collateral Account as of such date after giving effect to the withdrawals, transfers and payments specified in clauses (A) through (F) of Section 5.29(b5.15(a)(ii) on or prior to such date.
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ECF Sweep Amount means, as of each Quarterly Date, 100% of the amount of funds available in the Collateral Account as of such date after giving effect to the withdrawals, transfers and payments specified in clauses (A) through (F) of Section 5.29(b)(ii) on or prior to such date.
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ECF Sweep Amount means, for any Fiscal Year of Borrower, the sum of (i) the lesser of (a) Target Net Cash Flows From Operating Activities for such Fiscal Year or (b) Actual Net Cash Flows From Operating Activities, MINUS (c) the amount of Consolidated Adjusted Capital Expenditures for such Fiscal Year, MINUS (d) scheduled payments of the Term Loans to the extent actually paid by Borrower during such Fiscal Year pursuant to Section 2.4A, MINUS (e) amounts paid during such Fiscal Year under Covenants not to Compete, Capital Leases and in respect of the Indebtedness described in Item A of Schedule 7.1 annexed hereto (to the extent not captured in Actual Net Cash Flows From Operating Activities) and (ii) Supplemental Excess Cash Flow for such Fiscal Year.
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ECF Sweep Amount means for each ECF Sweep Date, 25% of Excess Cash Flow.
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ECF Sweep Amount means, for each Quarterly Date, an amount equal to ECF Sweep Percentage multiplied by Net Cash Flow.
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Related to ECF Sweep Amount

  • ECF Percentage has the meaning specified in Section 2.05(b)(i).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) thirty (30).

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).