Common use of From Excess Cash Flow Clause in Contracts

From Excess Cash Flow. The Borrowers shall prepay the Loans as set forth in Section 2.6(d) on March 31 of each year (and thereafter as required by the next sentence) in an aggregate principal amount equal to 50% of Excess Cash Flow for the previous fiscal year. For the purposes of mandatory prepayment in respect of Excess Cash Flow only, such prepayment shall be required to be made at such times, and from time to time, such that after giving effect to payment of all or any portion thereof the Company and its consolidated subsidiaries other than Trico Supply and its subsidiaries shall have then available at least $7,500,000 in aggregate amount of (i) Available Cash plus (ii) available, undrawn Revolving Credit Commitments, but notwithstanding any deferral in payment of the foregoing pursuant hereto, such mandatory prepayment shall continue to be payable when and to the extent permitted in accordance with the preceding liquidity test.

From Excess Cash Flow. The Borrowers shall prepay the Loans as set forth in Section 2.6(d) on March 31 of each year commencing on March 31, 2006 (and thereafter as required by the next sentence) in an aggregate principal amount equal to 50% of Excess Cash Flow for the previous fiscal year. For the purposes of mandatory prepayment in respect of Excess Cash Flow only, such prepayment shall be required to be made at such times, and from time to time, such that after giving effect to payment of all or any portion thereof the Company and its consolidated subsidiaries other than Trico Supply and its subsidiaries shall have then available at least $7,500,000 in aggregate amount of (i) Available Cash plus (ii) available, undrawn Revolving Credit Commitments, but notwithstanding any deferral in payment of the foregoing pursuant hereto, such mandatory prepayment shall continue to be payable when and to the extent permitted in accordance with the preceding liquidity test.