Excess Cash Flow Prepayment. Following the end of each Applicable Fiscal Year, the Parent Borrower shall prepay Term Loans (ratably in accordance with the outstanding amount of each Class thereof) in an aggregate amount equal to the sum of: (i) 50% of Excess Cash Flow for such Applicable Fiscal Year; minus (ii) the aggregate amount of voluntary prepayments made on the Term Loans during such Applicable Fiscal Year or on or prior to the date such Excess Cash Flow payment is due (other than prepayments funded with the proceeds of long-term Indebtedness (other than revolving Indebtedness) and without duplication for any deduction of any such prepayment in respect of the prior Fiscal Year but including Loans repurchased pursuant to Dutch auctions or open market purchases in an amount equal to the discounted purchase price of such Loans paid in respect of such Loans pursuant to such Dutch auction or open market purchase); minus (iii) the aggregate amount of voluntary prepayments made on the Revolving Loans during such Applicable Fiscal Year or on or prior to the date such Excess Cash Flow payment is due (and without duplication for any deduction of any such prepayment in respect of the prior Fiscal Year) that were accompanied by a permanent reduction of the Revolving Commitments. Each prepayment pursuant to this clause (d) shall be made within five (5) Business Days after the date on which financial statements are delivered pursuant to Section 5.01(a) with respect to the Applicable Fiscal Year for which Excess Cash Flow is being calculated; provided that if the First Lien Net Leverage Ratio as calculated as of the last day of the relevant Applicable Fiscal Year is (x) less than or equal to 4.00:1.00, then the threshold above shall be reduced to 25% and (y) less than or equal to 3.25:1.00, then no prepayment will be required under this clause (d) for such Fiscal Year and provided, that no prepayment will be required under this clause (d) for such Fiscal Year if the aggregate amount of such prepayment would not exceed $5,000,000. As used in this clause, the term “Applicable Fiscal Year” means each Fiscal Year, beginning with the first full Fiscal Year ending after the Closing Date.
Excess Cash Flow Prepayment. See ss.3.6.1.
Excess Cash Flow Prepayment. The Borrower shall pay to the Dollar Agent, for the accounts of the Dollar Banks (each, an "Excess Cash Flow Prepayment"), annually in arrears on February 15 of each year (commencing on February 15, 1998), an amount equal to fifty percent (50%) of the Consolidated Excess Cash Flow, if any, for such immediately preceding fiscal year. Each such Excess Cash Flow Prepayment shall be applied ratably against the remaining scheduled installments of principal due on the Term Loan; provided, however, that a portion of the Excess Cash Flow Prepayment (if any) scheduled to be made on February 15, 1999, not to exceed $1,500,000, shall be applied instead to repay the outstanding Revolving Credit Loans with the remainder of such Excess Cash Flow Prepayment, if any, to be applied ratably against the remaining scheduled installments of principal due on the Term Loan.
Excess Cash Flow Prepayment. Following the end of each Applicable Fiscal Year, the Borrower shall prepay Term Borrowings in an aggregate amount equal to the sum of: (i) 50% of Excess Cash Flow for such Applicable Fiscal Year; minus (ii) the aggregate amount of voluntary prepayments made on the Term Loans during such Applicable Fiscal Year; minus (iii) the aggregate amount of voluntary prepayments made on the Revolving Loans during such Applicable Fiscal Year that were accompanied by a permanent reduction of the Revolving Commitments. Each prepayment pursuant to this paragraph shall be made within 5 Business Days after the date on which financial statements are delivered pursuant to Section 5.01(a) with respect to the Applicable Fiscal Year for which Excess Cash Flow is being calculated. As used in this clause, the term "Applicable Fiscal Year" means each fiscal year, beginning with the fiscal year ending on or about December 31, 2006; provided that for a fiscal year to be an "Applicable Fiscal Year" under this clause, the Leverage Ratio as calculated as of the last day of such fiscal year for the four fiscal quarters then ended must be greater than 2.25 to 1.00. If the Leverage Ratio as calculated as of the last day of a fiscal year for the four fiscal quarters then ended is equal to or less than 2.25 to 1.00, then such fiscal year shall not be an "Applicable Fiscal Year" and no prepayment will be required under this clause (d) for such fiscal year.
Excess Cash Flow Prepayment. Following the end of each Applicable Fiscal Year, the Parent Borrower shall prepay Term B Loans (ratably in accordance with the outstanding amount of each Class thereof) in an aggregate amount equal to the sum of: (i) 50% of Excess Cash Flow for such Applicable Fiscal Year; minus (ii) the aggregate amount of voluntary prepayments made on the Term B Loans during such Applicable Fiscal Year or on or prior to the date such Excess Cash Flow payment is due (other than prepayments funded with the proceeds of long-term Indebtedness (other than revolving Indebtedness) and without duplication
Excess Cash Flow Prepayment. Following the end of each Applicable Fiscal Year, the Parent Borrower shall prepay Term Loans (ratably in accordance with the outstanding amount of each Class thereof) in an aggregate amount equal to the sum of: (i) 50% of Excess Cash Flow for such Applicable Fiscal Year; minus (ii) the aggregate amount of voluntary prepayments made on the Term Loans during such Applicable Fiscal Year or on or prior to the date such Excess Cash Flow payment is due (other than prepayments funded 91
Excess Cash Flow Prepayment. The Borrower shall pay to the Administrative Agent, for the accounts of the Banks (each, an "Excess Cash Flow Prepayment"), annually in arrears within ninety
Excess Cash Flow Prepayment. No Termination Fee shall be payable with respect to any prepayments required by Lender to be made out of Borrower's Excess Cash Flow pursuant to Section 7.7 hereof.
Excess Cash Flow Prepayment. Section 2.05(b)(i) of the Credit Agreement shall be amended to read in its entirety as follows:
Excess Cash Flow Prepayment. No later than one hundred (100) days after the end of any Fiscal Year (commencing with the Fiscal Year ending on April 3, 2009), the Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in clause (vi) below in an amount equal to the sum of (A) Excess Cash Flow, if any, for such Fiscal Year multiplied by the ECF Percentage less (B) the sum of (1) the aggregate principal amount of all optional prepayments of Revolving Credit Loans made pursuant to Section 2.4(c) during
