Retained ECF definition

Retained ECF means, at any time, (x) the aggregate amount of Excess Cash Flow for the then completed fiscal years of the Borrower commencing with the fiscal year ending December 31, 1997 and not required to be used to repay Term Loans pursuant to Section 4.02(A)(f) less (y) the sum of the aggregate amount of Consolidated Capital Expenditures theretofore made pursuant to Section 8.05(c), the aggregate amount of investments theretofore made pursuant to Section 8.06(h)(ii), the aggregate amount of Dividends theretofore made pursuant to Section 8.09(a)(iv) and the aggregate principal amount of repayments of Senior Notes theretofore made pursuant to Section 8.08(a).
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Retained ECF means all Excess Cash Flow amounts that are not required to prepay the Term Loan pursuant to Section 2.02(b)(i). “S&P” means Standard & Poor’s Ratings Services LLC, a division of The McGraw-Hill Companies, Inc., and its successors.
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Retained ECF has the meaning specified therefor in Section 2.3(f)(iii).
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Examples of Retained ECF in a sentence

  • To the extent that any Lender does not elect to receive a prepayment from its Pro Rata Share of the Lender Allocated ECF prior to the applicable expiration of the ECF Prepayment Election Period, such amounts shall become Retained ECF.

  • From time to time prior to the forty-five month anniversary of the Closing Date the Borrower may offer to prepay the Term B Loans and Term C Loans (pro rata to each such Class of Term Loans then outstanding) at par plus accrued interest thereon together with any amounts required to be paid under Section 2.07(e) or 2.17(c) in an amount not to exceed the Retained ECF Amount at such time.

  • Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of Borrower Retained ECF Amount in its entirety.


More Definitions of Retained ECF

Retained ECF means, at any date of determination, an amount, equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date; provided that, for purposes of calculating Retained ECF, Retained ECF for the period beginning as of the Effective Date through and including the Amendment No. 1 Effective Date is deemed to be zero.
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Retained ECF has the meaning specified in Section 2.02(b).
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Retained ECF in Section 1.01 of the Term Credit Agreement shall be replaced in its entirety with the following:
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Retained ECF means all Excess Cash Flow amounts that are not required to prepay the Term Loan pursuant to Section 2.02(b)(i).
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Related to Retained ECF

  • Retained Obligations shall have the meaning set forth in Section 2.6.

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Retained Group means, in respect of each Seller, that Seller, its subsidiaries and subsidiary undertakings from time to time, any holding company of the Seller and all other subsidiaries or subsidiary undertakings of any such holding company (excluding the Purchaser, that Seller’s Target Company and any subsidiaries or subsidiary undertakings of that Target Company);

  • Retained limit means the greater of:

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Retained Duty means any role or duty under a Corporate Trust Contract with respect to any Appointment as account bank, depositary / depository, depository agent, eligible lender trustee, master servicer, backup advancing agent, trustee (or other similar role), buyer, financial institution or lender, in each case:

  • Retained Excess Cash Flow means, at any date of determination, an amount, equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date.

  • SpinCo Assets shall have the meaning set forth in Section 2.2(a).

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Retained Environmental Liabilities means all Environmental Liabilities of Seller or its Affiliates arising out of or relating to operations or activities that are not primarily related to the Business, whether arising or related to the period before or after Closing.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Transferred Equity means the equity interest in the Company which the WFOE has the right to request either of the Company Shareholders to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Equity Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Interim Period has the meaning specified in Section 6.1.

  • SpinCo Contracts means the following contracts and agreements to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing: