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.
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, as of each Sweep Calculation Date, an amount equal to the product of (a) Excess Cash Flow and (b) the Excess Cash Flow Sweep Percentage.
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.
More Definitions of Excess Cash Flow Payment Amount
Excess Cash Flow Payment Amount has the meaning assigned to that term in Section 4.14.
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: Percentage of Excess Cash Flow Leverage Ratio paid toward Term Loans 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 100% of Excess CashFlow.
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: Percentage of Excess Cash Flow Leverage Ratio paid toward Term Loan 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.
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.