Excess Cash Flow Application Date definition

Excess Cash Flow Application Date as defined in Section 2.12(c).

Excess Cash Flow Application Date has the meaning specified in Section 4.3(a).

Excess Cash Flow Application Date shall have the meaning set forth in Section 5.2(b).

Examples of Excess Cash Flow Application Date in a sentence

• If, for any Fiscal Year of the Borrower commencing with the Fiscal Year ending December 31, 2008, there shall be Excess Cash Flow, the Borrower shall, no later than the relevant Excess Cash Flow Application Date, apply Seventy-Five Percent (75%) of such Excess Cash Flow toward the prepayment of the Term Loan as set forth in Section 3.2.

• If, for any Fiscal Year of the Borrower commencing with the Fiscal Year ending January 2830, 20122016, there shall be Excess Cash Flow, the Borrower shall, on the Excess Cash Flow Application Date relating to such Fiscal Year, prepay the Loans in an amount equal to the Excess Cash Flow Percentage of such Excess Cash Flow.

• The provisions of this Section do not constitute a consent to the consummation of any Disposition not permitted by Section 7.5. (c) Unless the Required Prepayment Lenders shall otherwise agree, if, for any fiscal year of the Borrower commencing with the fiscal year ending December 31, 2003, there shall be Excess Cash Flow, then, on the relevant Excess Cash Flow Application Date, the Loans shall be prepaid by an amount equal to 50% of such Excess Cash Flow, as set forth in Section 2.11(e).

• If, for any fiscal year of the Borrowers, commencing with the fiscal year ending December 31, 2019, such Excess Cash Flow shall be a positive number, on or before the Excess Cash Flow Application Date for such fiscal year, Borrower shall prepay an aggregate principal amount of Term Loan equal to seventy-five percent (75%) of such Excess Cash Flow.

• Each such prepayment and commitment reduction shall be made on a date (an "Excess Cash Flow Application Date") no later than June 30 of the year following the fiscal year with respect to which such prepayment is made.

More Definitions of Excess Cash Flow Application Date

Excess Cash Flow Application Date has the meaning assigned to such term in Section 2.10(b)(ii).

Excess Cash Flow Application Date as defined in Section 2.11(b).

Excess Cash Flow Application Date shall be the fifth Business Day following the date on which the financial statements of the Borrower Group referred to in Section 5.1 for the Fiscal Year with respect to which such reduction in commitment is made are required to be delivered to the Administrative Agent.

Excess Cash Flow Application Date has the meaning specified in Section 2.05(b)(vi).

Excess Cash Flow Application Date for any such prepayment shall be a date no later than five Business Days after the earlier of (A) the date on which financial statements of the Company referred to in Section 5.01(a) for the fiscal year with respect to which such prepayment is made are required to be delivered to the Administrative Agent and (B) the date the financial statements referred to in clause (A) above are actually delivered.

Excess Cash Flow Application Date for any such prepayment shall be a date no later than five Business Days after the date on which financial statements of the Borrower referred to in Section 5.01(a) for the fiscal year with respect to which such prepayment is made are delivered to the Administrative Agent (or if such financial statements shall not be delivered in conformity with the terms hereof, five Business Days after the date such financial statements were required to be delivered). Notwithstanding the foregoing, amounts required to prepay Loans under this sub-clause (z) may be shared (and to the extent shared shall reduce the prepayment requirement under this sub-clause (z)) with permitted Indebtedness for borrowed money secured by Liens on the Collateral on a pari passu basis with the Liens securing the Obligations (but only to the extent required under the documentation governing such secured Indebtedness), pro rata based on the respective outstanding principal amounts under this Agreement and of the loans thereunder as of the end of the period covered by the applicable financial statements (treating, for such purpose, as outstanding loans, the aggregate outstanding LC Exposure and the unused portion of the Commitments).

Excess Cash Flow Application Date no later than five days after the earlier of (i) the date on which the financial statements of the Borrower referred to in Section 7.1(a), for the fiscal year with respect to which such prepayment is made, are required to be delivered to the Lenders and (ii) the date such financial statements are actually delivered.