Excess Cash Flow Prepayment Date definition

Excess Cash Flow Prepayment Date has the meaning ascribed thereto in Section 1.8(e).
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Excess Cash Flow Prepayment Date as defined in Section 2.4(c).
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Excess Cash Flow Prepayment Date means any date that is (a) a date selected by the Borrower that is no later than the earlier of (x) 90 days after the end of each fiscal year of the Borrower, commencing with the fiscal year ending on December 31, 2008 and (y) the date on which the financial statements with respect to such period are delivered pursuant to Section 5.01(a), or (b) if the Borrower shall make any Restricted Payment during any fiscal quarter of the Borrower pursuant to Section 6.04(b)(xviii), the date such Restricted Payment is made.
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Examples of Excess Cash Flow Prepayment Date in a sentence

  • Each prepayment of Notes pursuant to this Section 2.4 shall be at a price equal to 100% of the principal amount being prepaid with respect to such Notes together with interest on such principal amount accrued to the Excess Cash Flow Prepayment Date, but without any Make-Whole Amount.

  • The prepayment shall be made on such Excess Cash Flow Prepayment Date.

  • If after the Excess Cash Flow Prepayment Date any portion of a Remnant Excess Cash Flow Prepayment has not been accepted, such remaining amount shall be offered to reduce the Commitment of the Bank Term Facilities.

  • In the event that as of any fiscal year end on or after December 31, 1999, the Leverage Ratio is greater than or equal to 4.50:1.00, then on or prior to the Excess Cash Flow Prepayment Date immediately succeeding such fiscal year end the Borrower shall prepay the Term Loans by an amount equal to the lesser of (i) 50% of Excess Cash Flow for such fiscal year, and (ii) the outstanding principal balance of the Term Loans.

  • Subject to Section 2.7(e), the Borrower shall, ---------------- -------------- on each Excess Cash Flow Prepayment Date, pay to the Agent, as a prepayment of the Term Loans A and the Term Loans B, an aggregate amount equal to 50% of Excess Cash Flow for the fiscal year of the Borrower then most recently ended, as reflected in the audited annual financial statements of the Borrower and its Subsidiaries for such fiscal year.

  • By no later than March 31 of each year commencing on March 31, 2000 (each an "Excess Cash Flow Prepayment Date"), the Aggregate Commitment Amount shall, in the event the Leverage Ratio is greater than or equal to 4.50:1:00 as of the last day of the immediately preceding fiscal year, be permanently reduced by an amount equal to 50% of Excess Cash Flow for the fiscal year ended immediately prior to such Excess Cash Flow Prepayment Date.

  • No statement of fact by Digital or the Controlling Shareholders contained in this Agreement and no written statement of fact furnished by Digital or the Controlling Shareholders to Parent or Sub pursuant to or in connection with this Agreement contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements herein or therein contained not materially misleading.

  • A failure by a Holder to so respond to an offer to prepay made pursuant to this paragraph 4F prior to the Excess Cash Flow Prepayment Date shall be deemed to constitute an acceptance of such offer by such Holder.

  • The Company will, at least 10 days prior to each Excess Cash Flow Prepayment Date, give written notice thereof to each Holder.

  • A Holder may accept the offer to prepay made pursuant to paragraph 4F(i) by causing a notice of such acceptance to be delivered to the Company prior to the Excess Cash Flow Prepayment Date.


More Definitions of Excess Cash Flow Prepayment Date

Excess Cash Flow Prepayment Date means the 30th day of each April, -------------------------------- commencing on April 30, 1997, and continuing on the 30th day of each April of each subsequent year.
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Excess Cash Flow Prepayment Date is defined in clause (g) of Section 3.1.1.
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Excess Cash Flow Prepayment Date is defined in Section 2.4(a).
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Excess Cash Flow Prepayment Date means the date that is 90 days after the end of each of the Company’s fiscal years ending December 31, 2009 and December 31, 2010.
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Excess Cash Flow Prepayment Date means each of February 15, May 15, August 15 and November 15 of each fiscal year of the Borrowers.
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Related to Excess Cash Flow Prepayment Date

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Required Prepayment Date as defined in Section 2.15(c).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cash Flow means, for any period, an amount equal to:

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).