Consolidated Excess Cash Flow Percentage definition

Consolidated Excess Cash Flow Percentage has the meaning assigned to that term in Section 2.4(b)(iii)(E).
Consolidated Excess Cash Flow Percentage means: (a) at any time that an Event of Default exists, 100.00%; (b) if the Outstanding Amount of all Obligations is greater than or equal to two times Consolidated EBITDA for the most recently ended Fiscal Quarter, 50.00%; (c) if the Outstanding Amount of all Obligations is less than two times Consolidated EBITDA but greater than or equal to one times Consolidated EBITDA for the most recently ended Fiscal Quarter, 40.00%; and (d) if the Outstanding Amount of all Obligations is less than one times Consolidated EBITDA for the most recently ended Fiscal Quarter, 30.00%.
Consolidated Excess Cash Flow Percentage means a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: Leverage Ratio Consolidated Excess Cash Flow Percentage greater than or equal to 2.00:1.00 75 % less than 2.00:1.00 50 %

Examples of Consolidated Excess Cash Flow Percentage in a sentence

  • Any amounts prepaid pursuant to this Section 2.13(e) with respect to any Fiscal Year in excess of the Consolidated Excess Cash Flow Percentage of Consolidated Excess Cash Flow shall be treated as voluntary prepayments made pursuant to Section 2.12(a).

  • Within one hundred twenty (120) days after the end of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2013), 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 Consolidated Excess Cash Flow Percentage of the Consolidated Excess Cash Flow, if any, for such Fiscal Year.


More Definitions of Consolidated Excess Cash Flow Percentage

Consolidated Excess Cash Flow Percentage means: (a) at any time that an Event of Default exists, 100.00%; and (b) otherwise, 25.00%.

Related to Consolidated Excess Cash Flow Percentage

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to: (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted EBITDA, plus (b) the Consolidated Working Capital Adjustment, minus (ii) the sum, without duplication, of the amounts for such period paid in cash from operating cash flow of (a) scheduled repayments of Indebtedness for borrowed money and scheduled repayments of obligations under Capital Leases (excluding any interest expense portion thereof), (b) Consolidated Capital Expenditures (net of any proceeds of (y) any related financings with respect to such expenditures and (z) any sales of assets used to finance such expenditures), (c) Consolidated Interest Expense, (d) provisions for current taxes based on income of Holdings and its Subsidiaries and payable in cash with respect to such period, (e) the aggregate amount of consideration to be paid in cash during such period for Permitted Acquisitions to the extent not financed (x) by incurring Indebtedness that, in accordance with GAAP, constitutes a long-term liability, (y) with the Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds of prepayment events described in Section 2.14 hereof or (z) with the proceeds from the issuance of Equity Interests, (f) the amount of any expenses related to severance costs, facility closure and related restructuring costs incurred in connection with the Acquisition and paid within 18 months of the Closing Date by any of Holdings, Borrower or its Subsidiaries which expenses are not otherwise deducted in calculating the Consolidated Net Income of Holdings, Borrower and its consolidated Subsidiaries as a result of the application of purchase accounting principles and (g) the amount of any costs, fees, expenses and one time payments made related to any Permitted Acquisition and paid within 18 months of the date of consummation of such Permitted Acquisition by any of Holdings, Borrower or its Subsidiaries which expenses are not otherwise deducted in calculating the Consolidated Net Income of Holdings, Borrower and its consolidated Subsidiaries.

  • Consolidated Cash Interest Expense means, for any period, the Consolidated Interest Expense excluding any non-cash interest expense of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.