Excess Cash Flow Amount definition

Excess Cash Flow Amount has the meaning specified in Section 2.05(b)(ii).

Excess Cash Flow Amount means an amount which initially shall be zero and which shall be (i) increased on the date of delivery of Section 7.01 Financials in respect of the first three fiscal quarters in each year of the Borrower (commencing with the fiscal quarter ended June 30, 2001) by an amount (if positive) equal to 75% of Excess Cash Flow for the fiscal quarter in respect of which such Section 7.01 Financials are delivered, provided that in the event that Excess Cash Flow for the first and/or second fiscal quarter in any fiscal year is negative, then for purposes of this clause (i) the Excess Cash Flow for the third fiscal quarter in such fiscal year shall be deemed to be reduced by the amount of such negative Excess Cash Flow for such first and/or second quarter, and (ii) increased on the date of delivery of Section 7.01 Financials in respect of each fiscal year of the Borrower by an amount (if positive) equal to 75% of the Excess Cash Flow for such fiscal year less an amount (if any) equal to the aggregate amount by which the Excess Cash Flow Amount was increased pursuant to clause (i) above in respect of the first, second and third quarters in such fiscal year.

Excess Cash Flow Amount means, for any Excess Cash Flow Period, an amount equal to 75% of the Excess Cash Flow for such Excess Cash Flow Period.

Examples of Excess Cash Flow Amount in a sentence

• To the extent that the aggregate amount of Notes tendered pursuant to an Excess Cash Flow Offer is less than the Excess Cash Flow Offer Amount, PES may use any remaining Excess Cash Flow Amount for any purpose not otherwise prohibited by the Indenture.

• If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Cumulative Retained Excess Cash Flow Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously.

• Upon completion of an Excess Cash Flow Offer, the Excess Cash Flow Amount with respect thereto will be deemed to be reduced by the aggregate amount of such Excess Cash Flow Offer.

• If the aggregate purchase price of the Securities tendered in connection with any Excess Cash Flow Offer is less than the Excess Cash Flow Amount allotted to their purchase, the Company shall be permitted to use the portion of the Excess Cash Flow Amount that is not applied to the purchase of Securities in connection with such Excess Cash Flow Offer for general corporate purposes.

• Borrowers shall not be required to prepay the Obligations with Excess Cash Flow if the Excess Cash Flow Amount is less than $5,000,000.

More Definitions of Excess Cash Flow Amount

Excess Cash Flow Amount means (a) fifty percent (50%) of Excess Cash Flow if the Consolidated Total Net Leverage Ratio on the last day of the applicable Fiscal Year is greater than 2.50 to 1.00, (b) twenty-five percent (25%) of Excess Cash Flow if the Consolidated Total Net Leverage Ratio on the last day of the applicable Fiscal Year is greater than 2.00 to 1.00, but less than or equal to 2.50 to 1.00, and (c) zero percent (0%) of Excess Cash Flow if the Consolidated Total Net Leverage Ratio on the last day of the applicable Fiscal Year is less than or equal to 2.00 to 1.00, in each case minus all Voluntary Prepayments of the Loans during the applicable Fiscal Year.

Excess Cash Flow Amount means for any Applicable Period, an amount equal to the lesser of (i) the applicable Excess Cash Flow Percentage for such Applicable Period multiplied by the Excess Cash Flow during such Applicable Period and (ii) Excess Net Cash on the last day of such Applicable Period; provided, that if the Excess Cash Flow Amount is less than or equal to $1.0 million during any Applicable Period, the Company shall not be required to make an Excess Cash Flow Offer in respect of the Notes during such Applicable Period and such Excess Cash Flow Amount shall be added to the Excess Cash Flow Amount for each subsequent Applicable Period until the Excess Cash Flow Amount for any one Applicable Period exceeds $1.0 million; provided, further, that the foregoing proviso shall not apply to Excess Cash Flow Amounts applied to the redemption of the PIK Preferred Stock.

Excess Cash Flow Amount means for each of Covenant Obligors' Fiscal Years, fifty percent (50%) of the amount remaining after subtracting (i) the sum of (A) Borrowers' scheduled principal payments and other principal payments on the Term Loans for such Fiscal Year, PLUS (B) the amount by which the Overadvance Amount has been permanently reduced pursuant to the scheduled monthly reductions of the Overadvance Amount for such Fiscal Year, PLUS (C) Unfinanced Capital Expenditures for such Fiscal Year, PLUS (D) payments of Covenant Obligors with respect to Capitalized Leases for such Fiscal Year from (ii) the sum of (A) Covenant Obligors' Net Income for such Fiscal Year, PLUS (B) depreciation and amortization for such Fiscal Year.

Excess Cash Flow Amount means, as of any date of determination, the total amount of Unrestricted Cash of the Company and its Subsidiaries, less the sum of (i) U.S.$140.0 million, (ii) the cumulative amount of any previous Constellation Excess Cash Sweep Allocations that remain in the Constellation Excess Cash Sweep Allocation Account, without double counting, (iii) proceeds from Asset Sales or an Olinda Star Disposition, provided such proceeds are being held for reinvestment or expenditure in accordance with and subject to this Indenture, and (iv) proceeds from Indebtedness incurred after the date hereof that is permitted to be incurred under this Indenture, the Working Capital Facility or the ALB Credit Facility, provided such proceeds continue to be held and available for permitted investment or expenditure. For the avoidance of doubt, amounts described in clauses (ii), (iii) and (iv) of the preceding sentence shall only be deducted from the calculation of “Excess Cash Flow Amount” with respect to any date of determination to the extent included in the calculation of Unrestricted Cash for such date.

Excess Cash Flow Amount shall have the meaning specified therefor in the Term Loan Credit Agreement as in effect on the Closing Date.

Excess Cash Flow Amount shall have the meaning set forth in the Senior Unsecured Note Indenture.

Excess Cash Flow Amount means, as of the date of determination, an aggregate amount equal to 75% of the Excess Cash Flow for such prior fiscal year. For example, if the date of determination is April 30, 2012, Excess Cash Flow shall be calculated for the fiscal year ended December 31, 2011.