Excess Cash Flow Payment definition

Excess Cash Flow Payment has the meaning specified in Section 2.17.

Excess Cash Flow Payment. See Section 2.5(b).

Excess Cash Flow Payment means, in respect of any Excess Cash Flow Prepayment Date:

Examples of Excess Cash Flow Payment in a sentence

• Sand and coral in 14 metres at 03°09.58N 106° 19.86E There is enough room to anchor between coral outcrops.

• The first Excess Cash Flow Payment Amount shall be paid within 30 days of the delivery of the quarterly financials for the fiscal quarter ending in February 2017.

• Notwithstanding the foregoing, the requirement to make an Excess Cash Flow Payment for any fiscal quarter shall not apply if Borrower’s Owner’s Equity is greater than or equal to sixty percent (60%), but will be reinstated if Owner’s Equity falls below sixty percent (60%), in each case measured for such fiscal quarter or year end, as the case may be.

• If any such recalculation by Borrower or Lender evidences an overpayment by Borrower for such fiscal year, Borrower may reduce its next Excess Cash Flow Payment due by the amount of such overpayment until the entire overpayment is applied.

• The Excess Cash Flow Payment shall be applied by the Lender to the reduction of the outstanding principal balance of the Term Loan.

More Definitions of Excess Cash Flow Payment

Excess Cash Flow Payment shall have the meaning specified in Section 7.3(b).

Excess Cash Flow Payment has the meaning given in Section 3.1.4(i)(a).

Excess Cash Flow Payment is defined in Section 4-4(b).

Excess Cash Flow Payment shall have the meaning assigned to it in the Foothill Loan Agreement.

Excess Cash Flow Payment means an amount equal to 5.0% of the Company's Consolidated Cash Flow to be paid by the Company on the first Interest Payment Date following the public release of the Company's fiscal year end audited financial statements of the applicable fiscal year, if at the end of any fiscal year, the Company's Consolidated Cash Flow exceeds U.S.$27.5 million.

Excess Cash Flow Payment means a payment by Borrower to Lender under SUBSECTION 2.2(B)(I) hereof of an amount equal to the cash balance of all collected funds in Borrower's Concentration Account minus $200,000. Such amount shall be determined at 12:00 p.m. New York time on October 3, 1997 and at 12:00 p.m. New York time on every Friday thereafter (if any such Friday is not a Business Day then such amount shall be determined at 12:00 p.m. on the preceding Thursday).

Excess Cash Flow Payment means any payment or prepayment in respect of the Term Loan Debt required to be made based on Excess Cash Flow, including such payment required under Section 2.03(b)(ii) of the Term Loan Agreement as in effect on the date hereof.