Excess Cash Flow Prepayment has the meaning given to such term in Section 2.1(d).
Excess Cash Flow Prepayment with respect to the Term Loan Obligations, any excess cash flow mandatory prepayment required to be made by Borrowers pursuant to Section 2.3.4 of the Term Loan Agreement (as in effect on the date hereof).
Excess Cash Flow Prepayment. The Excess Cash Flow prepayment will be amended as follows (Section 2.06(d)): · Excess Cash Flow will be calculated as of the end of each fiscal quarter ending after the Effective Date for the period starting on January 1, 2013 and ending on the last day of such quarter (with (i) the required prepayment as of the end of any such fiscal quarter to be calculated based on Excess Cash Flow for the applicable period net of any previously made required quarterly Excess Cash Flow prepayments and (ii) with the Borrower’s Discounted Prepayment Portion of Excess Cash Flow (as defined below) and the Borrower’s Discretionary Portion of Excess Cash Flow (as defined below) as of the end of such quarter to be calculated based on Excess Cash Flow for the applicable period net of any permitted uses of the Borrower’s Discounted Prepayment Portion of Excess Cash Flow and the Borrower’s Discretionary Portion of Excess Cash Flow, as applicable, made in prior periods). If the Effective Date occurs after the date on which the Excess Cash Flow prepayment would otherwise have been due under the RHDI Amendments in respect of the fiscal quarter ended March 31, 2013, then the quarterly Excess Cash Flow prepayment for such fiscal quarter shall be due and payable on the Effective Date. · The required prepayment percentage will be amended to 60%. · 20% of quarterly Excess Cash Flow (the “Borrower’s Discounted Prepayment Portion of Excess Cash Flow”) will be required to be used to make a prepayment if not used to make Discounted Voluntary Prepayments as follows: · Borrower’s Discounted Prepayment Portion of Excess Cash Flow will be available only for Discounted Voluntary Prepayments within 180 days after the delivery of financial statements for the applicable fiscal quarter (it being agreed that the availability of the Borrower’s Discounted Prepayment Portion of Excess Cash Flow during such 180 day period, as well as the requirements in clauses (i) and (ii) in the next succeeding sentence, will not be reduced by any succeeding calculation of Excess Cash Flow). · If such amounts are not applied to effect Discounted Voluntary Prepayments during the applicable 180-day period, such amounts shall be used (i) to make additional optional prepayments at par at the end of the fiscal quarter during which such 180-day period expires to be applied to scheduled payments as directed by the Borrower or (ii) at the Borrower’s option, to make an advance Excess Cash Flow payment pursuant to Section 2.06(d...
Examples of Excess Cash Flow Prepayment in a sentence
On June 15, 2006, and on June 15 of each following year, the Company shall prepay Securities in a principal amount equal to the product of (i) the Prepayment Percentage multiplied by (ii) the Excess Cash Flow Prepayment Amount for the preceding fiscal year, if any.
Each Excess Cash Flow Prepayment shall be applied to the repayment of Loans pursuant to Sections 4.1(d) and (e).
Each prepayment of Notes pursuant to this Section 2.4 shall be at a price equal to 100% of the principal amount being prepaid with respect to such Notes together with interest on such principal amount accrued to the Excess Cash Flow Prepayment Date, but without any Make-Whole Amount.
Notwithstanding anything to the contrary in the Credit Agreement, the Lender Group hereby agrees to waive the 2015 Excess Cash Flow Prepayment.
In no event shall any such Permitted Payment exceed, on an annual basis, $1.5 million plus 20% of the Excess Cash Flow Prepayment Amount as set forth in the Senior Debt Loan Documents and the New Indenture.
More Definitions of Excess Cash Flow Prepayment
Excess Cash Flow Prepayment has the meaning given thereto in Section 2.03(b).
Excess Cash Flow Prepayment contained in the Recitals to the Agreement is hereby amended and restated to mean “collectively, the Third Quarter 2012 Excess Cash Flow Prepayment and the Fourth Quarter 2012 Excess Cash Flow Prepayment”.
Excess Cash Flow Prepayment means any mandatory prepayment in respect of the outstanding principal amount of the Term Loan from Excess Cash Flow made pursuant to Section 2.2(a) hereof.
Excess Cash Flow Prepayment means any prepayment of the Fixed Asset Loan from "Excess Cash Flow", as defined in and as currently set forth in Section 2.04(b)(i)of the Fixed Asset in effect on the Closing Date.
Excess Cash Flow Prepayment means an amount equal to fifty percent (50%) of Excess Cash Flow, if any, for the Fiscal Year then ended.
Excess Cash Flow Prepayment. Term Loan", "Term Notes" and "Term Note Record" in their entireties (any and all references to such terms appearing elsewhere in the Credit Agreement or in any other Loan Document also being hereby deleted).
Excess Cash Flow Prepayment means any prepayment or defeasance of the Fixed Asset Loan from “Excess Cash Flow,” as defined in and as set forth in Section 2.04(b)(i) of the Fixed Asset Loan credit agreement on the Closing Date.”