Excess Cash Payment definition

Excess Cash Payment means any payments made to Holders in respect of Excess Cash Available Amounts during the Excess Cash Sweep Period.

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Excess Cash Payment. As defined in clause fourth of Section 8.02(c).

Excess Cash Payment means any payments made to Holders in respect of Excess Cash Available Amounts, regardless of whether during or after the Excess Cash Sweep Period.

Examples of Excess Cash Payment in a sentence

Until the occurrence of the Excess Cash Sweep Termination Event, at or prior to the Excess Cash Payment Date, if the Excess Cash Amount exceeds zero on an Excess Cash Measurement Date, the Issuer will make payments under the Notes to the Holders equal to a percentage of the applicable Excess Cash Available Amount in accordance with the terms and conditions set forth below.
If any Excess Cash Payment needs to be converted into U.S. Dollars, it shall be converted at the Settlement Rate as of the date occurring two Business Days prior to the Excess Cash Payment Date.
No interest will accrue, and no payment of interest will be made by the Company, on or with respect to any Excess Cash Payment or Contingent Principal Amounts owing under this Security, unless any such amount is not paid when due (in which event, interest will accrue thereon at the rate of ten percent (10%) per annum from the date due until paid in full).
On each Excess Cash Payment Date, an amount equal to 75% of Excess Cash Flow, if positive, of Borrower and its Subsidiaries for the most recent Excess Cash Flow Period ending prior to such Excess Cash Payment Date shall be applied as a mandatory repayment of principal of the Loans as provided in Section 4.4.
The aggregate of the Set Off and the Excess Cash Payment shall not exceed the amount you paid for the Shares.

More Definitions of Excess Cash Payment

Excess Cash Payment means any payment contemplated by Section 2.11(d).

Excess Cash Payment has the meaning specified in Section 1.7(c) of this Agreement.

Excess Cash Payment means as described on the attached Exhibits.

Excess Cash Payment. With respect to each Class of Notes and any Payment Date, the lesser of (i) the related Overcollateralization Deficiency Amount with respect to such Payment Date and (ii) the aggregate amount of Excess Cash with respect to the related Group and such Payment Date.

Excess Cash Payment shall have the meaning set forth in Section 3.14.

Excess Cash Payment means any payment contemplated by Section 2.11(d). The last sentence of the definition of “Adjusted LIBO Rate” in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows: “For purposes of this Agreement, the Adjusted LIBO Rate will not be less than one percent (1.00%).”

Excess Cash Payment. With respect to any Payment Date on which a Coverage Surplus does not exist, an amount equal to the lesser of (a) the amount, if any, by which the Required Coverage Amount for such Payment Date exceeds the Coverage Amount for such Payment Date, or, if after taking into account the Monthly Principal to be applied in reduction of the Bond Balance on such Payment Date, the Bond Balance exceeds the aggregate of the Principal Balances of the Mortgage Loans, the sum of the Required Coverage Amount for such Payment Date plus the amount by which the Bond Balance, determined as provided above, exceeds the aggregate of the Principal Balances of the Mortgage Loans as of the end of the related Collection Period (plus, in the case of the April 1997 Payment Date, the aggregate of the Principal Balances of any Additional Mortgage Loans added to the Mortgage Pool after March 31, 1997 but prior to the end of the Funding Period) and (b) the Excess Cash for such Payment Date; provided, however, with respect to any Payment Date on which a Coverage Surplus exists, the Excess Cash Payments shall be zero.