Examples of Available Excess Cash in a sentence
The Redemption Bid shall detail (i) the gross capital amount and number of Bonds that the Participating Bondholder wishes to have redeemed out of the Available Excess Cash (the " Redemption Bonds"), and (ii) the redemption price offered by the Participating Bondholder for such Redemption Bonds.
Notwithstanding the provisions of Section 9.7 above (which prohibit or limit distributions to owners of Borrower or their affiliates), Administrative Agent agrees that at any time when the Property has achieved for at least 4 consecutive Calculation Periods and is maintaining a Debt Service Coverage at not less than 1.30:1 Borrower may make distributions to its owners to the extent Borrower has Available Excess Cash Flow.
The amount of the remaining Available Excess Cash for such Excess Cash Computation Period, if any, following the redemption of Step-Up Senior B Notes due 2018 and 8.875% Senior A Notes due 2018 as provided in this clause (1) is referred to as the " Net Available Excess Cash".
Even if this is the case, there is nothing in the Holdback Agreement that precludes CCR from refinancing or that mandates repayment of the holdback amount if CCR does refinance.MEC argues nonetheless that the refinance by CCR resulted in the termination of the Meadows Credit Agreements and that, therefore, there are no Available Excess Cash Flow restrictions on the payment of the holdback.
If the Commissioner requires a person to pay interest on an amount under subsection (4), the person is liable to pay interest on the amount, or part of the amount, that is unpaid – Payroll Tax Rebate (Apprentices, Trainees and Youth Employees) Act 2017Act No. ofs.