ECF Prepayment Amount definition

ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).
ECF Prepayment Amount as defined in Subsection 4.4(e)(iii).
ECF Prepayment Amount has the meaning set forth in Section 2.05(b)(i).

Examples of ECF Prepayment Amount in a sentence

  • For the purposes of this clause (iv), “ECF Prepayment Amount” shall mean:and (y) with respect to all other Loans, the ECF Prepayment Amount – Other Loans for such fiscal year.


More Definitions of ECF Prepayment Amount

ECF Prepayment Amount means for any fiscal year, the product obtained by multiplying (a) Excess Cash Flow for such fiscal year times (b) the applicable ECF Percentage for such fiscal year.
ECF Prepayment Amount shall have the meaning provided in Section 5.02(e).
ECF Prepayment Amount means:
ECF Prepayment Amount minus (B) the portion of such ECF Prepayment Amount applied (to the extent Borrower or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on a pro rata basis with the Term Loans; provided that such percentage in clause (1) above shall be reduced to (x) 25% if the Senior Secured Indebtedness to EBITDA Ratio as of the last day of the immediately preceding Fiscal Year was less than or equal to 2.00:1.00 and greater than 1.50:1.00 and (y) 0% if the Senior Secured Indebtedness to EBITDA Ratio as of the last day of the immediately preceding Fiscal Year was less than or equal to 1.50:1.00. Nothing in this Section 4.4(b) shall limit the rights of the Agents and the Lenders set forth in Section 9.
ECF Prepayment Amount has the meaning specified in Section 2.12(d).
ECF Prepayment Amount means an amount (which shall be not less than zero) equal to (A) (i) if the Total Leverage Ratio exceeds 2.5 to 1.0 on the applicable testing date, 50% of Excess Cash Flow of Holdings and its Subsidiaries for such fiscal year or (ii) if the Total Leverage Ratio is more than 2.0 to 1.0 but less than or equal to 2.5 to 1.0 on the applicable testing date, 25% of Excess Cash Flow of Holdings and its Subsidiaries for such fiscal year (provided that the amount calculated pursuant to this clause (A) shall be zero for such fiscal year if (x) Total Leverage Ratio is equal to or less than 2.0 to 1.0 on the applicable testing date or (y) on a pro forma basis and after giving effect to the application of any ECF Prepayment Amount (calculated in accordance with definition excluding this clause (y)), Holdings and its Subsidiaries would have an Unrestricted Cash Amount of less than $300,000,000), minus (B) at the option of the Borrower (but subject to the final sentence of this definition), to the extent occurring during fiscal year (or occurring after such fiscal year and prior to the date of the applicable date under Section 2.11(b)(i) on which prepayment is required and without duplication (including duplication of any amounts deducted in any prior fiscal year)), the following: (1) the aggregate principal amount of any term loan or Revolving Credit Exposure under this Agreement voluntarily prepaid (or contractually committed to be prepaid); (2) the aggregate principal amount of any Indebtedness permitted to exist pursuant to this Agreement or the 2027 Senior Secured Indenture to the extent secured by Liens, voluntarily prepaid, repurchased, redeemed or otherwise retired (or contractually committed to be prepaid, repurchased, redeemed or otherwise retired); confidential Xxxxxx Xxxxxxxxxx Apollo Mar 12, 2024 7:55 PM EDT
ECF Prepayment Amount shall have the meaning ascribed thereto mean, for any fiscal year, the sum of (a) the ECF Prepayment Amount – Other Loans for such fiscal year for each tranche of Term Loans to which the Excess Cash Flow prepayment in Section 2.6(b)(iv) applies plus (b) the ECF Prepayment Amount – TLF for such fiscal year.