Minimum Excess Cash Flow Amount definition

Minimum Excess Cash Flow Amount means, with respect to any Excess Cash Flow Offer, an amount equal to (as determined on the applicable June 30 or December 31): (i) $5.0 million if the outstanding aggregate principal amount of the Notes exceeds $233.0 million or (ii) $1.0 million if the outstanding aggregate principal amount of the Notes is $233.0 million or less. Holders that are the subject of a Change of Control Offer, an Asset Sale Offer, or an Excess Cash Flow Offer, will receive an offer to purchase from the Company prior to any related purchase date and may elect to have their respective Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached hereto.
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Minimum Excess Cash Flow Amount means, with respect to any Excess Cash Flow Offer, an amount equal to (as determined on the applicable June 30 or December 31): (i) $5.0 million if the outstanding aggregate principal amount of the Notes exceeds $233.0 million or (ii) $1.0 million if the outstanding aggregate principal amount of the Notes is $233.0 million or less.
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Minimum Excess Cash Flow Amount. 5.15 “M▇▇▇▇’▇” Definition of Cash Equivalents “Notes” Preamble “Offer Amount” 3.09 “Offer Period” 3.09 “Owned Premises” 5.25 “Paying Agent” 2.03 “Payment Default” 7.01 “Permitted Debt” 5.09 “Premises” 5.25 “Purchase Date” 3.09 “Registrar” 2.03 “Repurchase Offer” 3.09
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Related to Minimum Excess Cash Flow Amount

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.01(a)(iii) (before giving effect to distributions pursuant to such subsection).

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

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • 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.