Common use of Cashflow Clause in Contracts

Cashflow. Before the Achievement Date only, the Borrower will once per annum make a prepayment to be applied against the outstandings under this Agreement in accordance with Clause 7.3.1 below within 120 days of the expiry of each Accounting Reference Period (beginning with the Accounting Reference Period ended 31st December 1998) in the amount of 50% of the aggregate of the unconsolidated Cashflow, without allowing for any duplication, of each Obligor (determined in accordance with the respective applicable Approved Accounting Principles) for the Accounting Reference Period then ended, if a positive number.

Appears in 1 contract

Sources: Facilities Agreement (Chirex Inc)

Cashflow. Before the Achievement Date only, the Borrower will once per annum make a prepayment to be applied against the outstandings under this Agreement in accordance with Clause 7.3.1 below within 120 days of the expiry of each Accounting Reference Period (beginning with the Accounting Reference Period ended 31st 31 December 1998) in the amount of 50% of the aggregate of the unconsolidated CashflowCashfiow, without allowing for any duplication, of each Obligor (determined in accordance with the respective applicable Approved Accounting Principles) for the Accounting Reference Period then ended, if a positive number.

Appears in 1 contract

Sources: Facilities Agreement (Chirex Inc)