Excess Cash Flow Payment Amount shall have the meaning provided in Section 5.02(e).

Excess Cash Flow Payment Amount means, as of each Sweep Calculation Date, an amount equal to 100% of Excess Cash Flow

Excess Cash Flow Payment Amount means for any financial year an amount equal to (x) 50 per cent. of Excess Cash Flow for such financial year less (y) the permanent reductions to the advances and loans under the Senior Bank Credit Agreement required to be made from such Excess Cash Flow for such financial year pursuant to clause 10.1 of the Senior Bank Credit Agreement.

Examples of Excess Cash Flow Payment Amount in a sentence

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.
On each Cash Flow Payment Date (or such earlier date elected by the Borrower following any Sweep Calculation Date), subject to the terms of Section 2.04(c), the Borrower shall prepay an aggregate principal amount of the Loans in an amount equal to the Excess Cash Flow Payment Amount calculated for the Sweep Calculation Date occurring immediately prior to such Cash Flow Payment Date.
On each Cash Flow Payment Date (or such earlier date elected by the Borrower following any Sweep Calculation Date), subject to the terms of Section 2.04(c), the Borrower shall prepay an aggregate principal amount of the AMERICAS 99636855 v27 Loans in an amount equal to the Excess Cash Flow Payment Amount calculated for the Sweep Calculation Date occurring immediately prior to such Cash Flow Payment Date.
Tenth, on each Cash Flow Payment Date: to the Administrative Agent, to pay the Excess Cash Flow Payment Amount.
On each Cash Flow Payment Date, subject to the terms of Section 2.04(c), the Borrowers shall prepay an aggregate principal amount of the Loans in an amount equal to the Excess Cash Flow Payment Amount calculated for the applicable Sweep Calculation Date.

More Definitions of Excess Cash Flow Payment Amount

Excess Cash Flow Payment Amount as defined in Section 2.13(b).

Excess Cash Flow Payment Amount means, for any fiscal year, an amount (if positive) equal to the Mandatory Prepayment Percentage of the Excess Cash Flow for such fiscal year, provided that, if the Excess Cash Flow Payment Amount as so determined would be greater than the aggregate amount of cash, Cash Equivalents and Foreign Cash Equivalents held by the Borrower and its consolidated Subsidiaries on the last day of such fiscal year, then the “Excess Cash Flow Payment Amount” for such fiscal year shall be an amount equal to the excess, if any, of (x) the Mandatory Prepayment Percentage of the sum of, if positive, (i) Excess Cash Flow for such fiscal year plus (ii) the aggregate amount of all optional prepayments of the Term Loans and the Incremental Facility Term Loans during such fiscal year (the “Prepayment Amounts”), over (y) the Prepayment Amounts.

Excess Cash Flow Payment Amount means, for the fiscal year or portion thereof in connection with any Excess Cash Flow Payment, an amount equal to (i) the Excess Cash Flow for such year or portion thereof times (ii) the percentage of such Excess Cash Flow to be paid on the Annual Excess Cash Flow Payment Date or Intermediate Excess Cash Flow Payment Date for such year or portion thereof in accordance with Section 2.10(d) based upon the Leverage Ratio at the end of such year with respect to Annual Excess Cash Flow Payments or in the most recently provided compliance certificate with respect to Intermediate Excess Cash Flow Payments (provided that in connection with fiscal year 2007, such calculation shall be made taking into account only the portion of such year commencing on the first day of the quarter beginning immediately after the Effective Date and continuing until December 31, 2007), in each case in accordance with the following table: ³ 5.5:1.0 50% ³ 4.5:1.0 and < 5.5:1.0 25%

Excess Cash Flow Payment Amount means for any Financial Quarter, an amount equal to (a) the amount calculated by reference to the percentage of Excess Cash Flow required to be applied in repayment of the Loan as determined by the ratio of UK Group Consolidated Total Debt to Consolidated Annualised EBITDA for the UK Group for such Financial Quarter set out in Clause 9.1 (Mandatory Prepayment from Excess Cash Flow) less (b) the permanent reductions to the advances and loans made or required to be made in respect of such Financial Quarter pursuant to Clause 13.1 (Mandatory Prepayment from Excess Cash Flow) of the Senior Bank Credit Agreement.

Excess Cash Flow Payment Amount. For each fiscal year of the Borrowers, 50% of Excess Cash Flow for such fiscal year.

Excess Cash Flow Payment Amount means, for the fiscal year or portion thereof in connection with any Excess Cash Flow Payment, an amount equal to (i) the Excess Cash Flow for such year or portion thereof times (ii) the percentage of such Excess Cash Flow to be paid on the Annual Excess Cash Flow Payment Date or Intermediate Excess Cash Flow Payment Date for such year or portion thereof in accordance with Section 2.10(d) based upon the Leverage Ratio at the end of such year with respect to Annual Excess Cash Flow Payments or in the most recently provided compliance certificate with respect to Intermediate Excess Cash Flow Payments, in each case in accordance with the following table: ³ 5.5:1.0 50 % ³ 4.5:1.0 and < 5.5:1.0 25 % < 4.5:1.0 0 %

Excess Cash Flow Payment Amount means, as of each Sweep Calculation Date, an amount equal to the product of (a) Excess Cash Flow for the Fiscal Quarter ending on such date and (b) the Excess Cash Flow Sweep Percentage for such Fiscal Quarter.