Examples of Excess Cash Flow Prepayment in a sentence
On June 15, 2006, and on June 15 of each following year, the Company shall prepay Securities in a principal amount equal to the product of (i) the Prepayment Percentage multiplied by (ii) the Excess Cash Flow Prepayment Amount for the preceding fiscal year, if any.
Each Excess Cash Flow Prepayment shall be applied to the repayment of Loans pursuant to Sections 4.1(d) and (e).
Within one hundred (100) days after the end of each fiscal year of the Companies, commencing with the fiscal year ending February 28, 2002, Borrower shall make a prepayment in an amount of not less than fifty percent (50%) of Excess Cash Flow, if any, based on the financial statements of the Companies for the most recently completed fiscal year (each such prepayment an "Excess Cash Flow Prepayment").
Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a) through 2.15(d), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be.
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