Excess Cash Flow Payment Date definition

Excess Cash Flow Payment Date means the date occurring 120 days after the last day of a fiscal year of the Borrower (commencing with the fiscal year ending on December 31, 1998).

Excess Cash Flow Payment Date means the date occurring ten (10) Business Days after the date on which the Borrower’s (or Parent Company’s) annual audited financial statements are required to be delivered pursuant to Section 9.01(b) (or Section 9.01(c)) (commencing with respect to the fiscal year ending December 31, 2021).

Excess Cash Flow Payment Date means the date occurring on the earlier to occur of (x) the delivery of the financial statements for such fiscal year pursuant to Section 5.04 and (y) 90 days after the end of each fiscal year of the Lead Borrower (commencing with the fiscal year of the Lead Borrower ending September 30, 2013).

Examples of Excess Cash Flow Payment Date in a sentence

• If there is Excess Cash Flow for any fiscal year and the Debt Ratio as of the last day of such fiscal year is less than or equal to 3.5 to 1.0, 50% of such Excess Cash Flow shall be applied toward the prepayment of the Loans and the permanent reduction of the Commitments as set forth in clause (iv) of this subsection 2.6(b) on the Excess Cash Flow Payment Date for such fiscal year.

• Interest on the Notes purchased will cease to accrue on and after the Excess Cash Flow Payment Date.

• The Excess Cash Flow Offer is required to remain open for 20 Business Days and payment pursuant to the Excess Cash Flow Offer will be made on the Excess Cash Flow Payment Date.

• The purchase price of Notes to be purchased pursuant to an Excess Cash Flow Offer shall be equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Excess Cash Flow Payment Date.

• However, if the Excess Cash Flow Payment Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Excess Cash Flow Offer.

More Definitions of Excess Cash Flow Payment Date

Excess Cash Flow Payment Date has the meaning set forth in Section 2.10(e).

Excess Cash Flow Payment Date means the date occurring 10 Business Days after the date on which the Borrower’s annual audited financial statements are required to be delivered pursuant to Section 9.01(b) (commencing with respect to the fiscal year ending December 31, 2022).

Excess Cash Flow Payment Date in respect of any fiscal year, the date on which the Borrower is required to deliver audited financial statements for such fiscal year to each Lender pursuant to subsection 6.1(a).

Excess Cash Flow Payment Date means September 30th of each Fiscal Year (beginning with September 30, 2007).

Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

Excess Cash Flow Payment Date has the meaning assigned to that term in Section 4.14.

Excess Cash Flow Payment Date means the date occurring 100 days after the end of each Excess Cash Flow Period, commencing with the Excess Cash Flow Period ending December 31, 2018.