ECF Sweep Amount definition

ECF Sweep Amount has the meaning assigned to such term in Section 2.11(d).

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ECF Sweep Amount means, as of any Quarterly Payment Date, an amount equal to [***]% of the Excess Cash Flow (as such term is defined in the Depositary Agreement) as of such Quarterly Payment Date.

ECF Sweep Amount means, for any applicable Quarterly Date, (i) if the amount of Net Cash Flow as of such Quarterly Date is at least equal to the ECF Target Amount as of such Quarterly Date, such ECF Target Amount or (ii) if the amount of Net Cash Flow as of such Quarterly Date is less than the ECF Target Amount as of such Quarterly Date, such amount of Net Cash Flow.

Examples of ECF Sweep Amount in a sentence

Beginning with the Quarterly Date occurring after the Term Conversion Date and each Quarterly Date thereafter, Borrower shall prepay the Loans of each Lender in an amount equal to such Lender’s pro rata share of the ECF Sweep Amount within three (3) Business Days of each such Quarterly Date, accompanied by payment of all accrued interest on the amount prepaid and a calculation as to the ECF Sweep Amount (which calculation shall be in form and substance reasonably satisfactory to the Administrative Agent).
On each Adjustment Date, the Borrower shall offer to prepay the Loans of each Lender in an amount equal to such Lender’s pro rata share of the ECF Sweep Amount pursuant to a written notice sent to the Administrative Agent with a detailed calculation as to the applicable Net Cash Flow and ECF Sweep Amount (which calculations shall be in form and substance reasonably satisfactory to the Administrative Agent) (each such offer to prepay referred to in this Section 2.06(b)(v), an “ECF Prepayment Offer”).
On each ECF Sweep Date, the Issuers shall offer to prepay the French Senior Secured Notes in an amount equal to the ECF Sweep Amount, accompanied by payment of all accrued interest on the amount prepaid and a calculation as to the ECF Sweep Amount (which calculation shall specify each item included in the definition of “Excess Cash Flow”) (each such offer to prepay referred to in this Section 2.05(b), an “ECF Prepayment Offer”).
In the event that the ECF Sweep Amount for any Fiscal Year (commencing with Fiscal Year 2001) shall be an amount greater than zero, Borrower shall, no later than March 31 following the end of such Fiscal Year, prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 100% of such ECF Sweep Amount.

More Definitions of ECF Sweep Amount

ECF Sweep Amount means, as of each Quarterly Date, 100% of the amount of funds available in the Collateral Account as of such date after giving effect to the withdrawals, transfers and payments specified in clauses (A) through (F) of Section 5.29(b5.15(a)(ii) on or prior to such date.

ECF Sweep Amount means, for each Quarterly Date, an amount equal to ECF Sweep Percentage multiplied by Net Cash Flow.

ECF Sweep Amount means for each ECF Sweep Date, 25% of Excess Cash Flow.

ECF Sweep Amount means, for any Fiscal Year of Borrower, the sum of (i) the lesser of (a) Target Net Cash Flows From Operating Activities for such Fiscal Year or (b) Actual Net Cash Flows From Operating Activities, MINUS (c) the amount of Consolidated Adjusted Capital Expenditures for such Fiscal Year, MINUS (d) scheduled payments of the Term Loans to the extent actually paid by Borrower during such Fiscal Year pursuant to Section 2.4A, MINUS (e) amounts paid during such Fiscal Year under Covenants not to Compete, Capital Leases and in respect of the Indebtedness described in Item A of Schedule 7.1 annexed hereto (to the extent not captured in Actual Net Cash Flows From Operating Activities) and (ii) Supplemental Excess Cash Flow for such Fiscal Year.

ECF Sweep Amount means, for any Quarterly Date, (i) if the amount of Net Cash Flow as of such Quarterly Date is at least equal to the ECF Target Amount as of such Quarterly Date, such ECF Target Amount or (ii) if the amount of Net Cash Flow as of such Quarterly Date is less than the ECF Target Amount as of such Quarterly Date, such amount of Net Cash Flow.