Available Net Income Basket Amount definition

Available Net Income Basket Amount means, at any date, an amount equal to (i) 25% of cumulative Consolidated Net Income from the period beginning with the first full fiscal quarter of the Borrower beginning after the Effective Date and ending with the fiscal quarter ending on or most recently prior to such date (or, if such cumulative amount is negative, $0) less (ii) the aggregate amount of such Available Net Income Basket Amount otherwise applied under the Agreement.