Retained Excess Cash Flow 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(d) 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 Excess Cash Flow means Excess Cash Flow for the applicable Excess Cash Flow Period minus the Excess Cash Flow Prepayment Amount with respect to such period.
Retained Excess Cash Flow means, for any Excess Cash Flow Period, an amount equal to Excess Cash Flow for such Excess Cash Flow Period minus the amount required to be prepaid (or offered to be prepaid) pursuant to Section 2.05(b)(i) prior to giving effect to any deductions made pursuant to clause (B) of such subsection.
Examples of Retained Excess Cash Flow in a sentence
Eliminated $1,513 payment that served 40 cases annually.(726,200)25.
Subsequently, I sent out an email with a suggestion.Let's just make sure we're all on the same page with the work plan for the next couple of months.You all have the calendar now.
More Definitions of Retained Excess Cash Flow
Retained Excess Cash Flow means the cumulative amount of Consolidated Excess Cash Flow (which amount shall not be less than zero) calculated for each Fiscal Year of the Company commencing with the Fiscal Year ending December 31, 2020 for which audited financial statements and a Compliance Certificate have been delivered to the Administrative Agent pursuant to Section 5.1(c) and 5.1(d), equal to the applicable percentages thereof that are not taken into account when calculating the prepayment in respect thereof required under Section 2.13(e) hereof.
Retained Excess Cash Flow means that portion of Consolidated Excess Cash Flow, determined on a cumulative basis for the immediately preceding fiscal year of the Borrower (commencing with the fiscal year ended December 31, 2021), that has not been required, and is not required, to be applied to prepay Loans (or any portion thereof) pursuant to Section 5.02(a)(i).
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.
Retained Excess Cash Flow means, with respect to any fiscal year ending on or after December 28, 2007, the amount of Excess Cash Flow for such fiscal year that the Borrower was not required to use to prepay the Term Loans pursuant to Section 2.11(d).
Retained Excess Cash Flow means the cumulative amount equal to the sum of the products obtained for each Excess Cash Flow Period of the Borrower ending on or after December 31, 2015, of (a) 100% minus the ECF Percentage for the applicable Excess Cash Flow Period multiplied by (b) Excess Cash Flow for such Excess Cash Flow Period.
Retained Excess Cash Flow means, at any date of determination, an amount equal to (a) the sum of the amounts of Consolidated Excess Cash Flow for all relevant Fiscal Year periods ending on or prior to the date of determination, minus (b) the portion of such Consolidated Excess Cash Flow that has been applied to repay the Term Loans and cash collateralize outstanding Revolving Letters of Credit and LC Facility Letters of Credit pursuant to Section 2.12(d).
Retained Excess Cash Flow means as of any date of determination, (a) an amount equal to the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year of the Borrower ending on December 31, 2019 and Excess Cash Flow for each succeeding and completed fiscal year, plus (b) the portion of “Excess Cash Flow” that was permitted to be retained by the Borrower, and not required to prepay term loans, in accordance with the Existing Credit Agreement prior to the Closing Date, reduced in the case of clause (a) (i) by the amount referred to in Section 2.05(b) (for purposes of calculating the amount of any prepayment required to be made thereunder, whether or not such a prepayment is made and regardless of whether such reduction results in a negative number which reduces Retained Excess Cash Flow, and (ii) by the amount of Excess Cash Flow attributable to Non-U.S. Subsidiaries to the extent and for so long as such Excess Cash Flow is excluded from Excess Cash Flow prepayments pursuant to Section 2.05(b).