Consolidated Excess Cash Flow. If for any fiscal year of the Borrower ending after December 31, 2008 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five Business Days following the date that financial statements for such fiscal year are required to be delivered pursuant to Section 7.01(a), the Loan Obligations shall be prepaid by an amount equal to the ECF Application Amount for such fiscal year.
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Samples: Credit Agreement (Interval Leisure Group, Inc.), Security Agreement (Ticketmaster Entertainment, Inc.), Credit Agreement (Ticketmaster)
Consolidated Excess Cash Flow. If for any fiscal year of the Parent Borrower ending after December 31, 2008 2010 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five Business Days following the date that financial statements for such fiscal year are required to be delivered pursuant to Section 7.01(a), the Loan Obligations shall be prepaid by an amount equal to the ECF Application Amount for such fiscal yearyear less any voluntary prepayments of Term Loans made during such fiscal year (other than such voluntary prepayments that are funded by the proceeds of Indebtedness).
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Consolidated Excess Cash Flow. If for any fiscal year of On the Borrower ending after December 31, 2008 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five next Business Days Day following the date that on which financial statements for such fiscal year are delivered or required to be delivered pursuant to Section 7.01(a6.01(a), commencing with the Loan fiscal year ending December 31, 2009, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations shall be prepaid by in accordance with Section 2.05(b)(vii)(B) in an aggregate amount equal to (x) 50% of Consolidated Excess Cash Flow for such fiscal year minus (y) the ECF Application Amount for amount of any voluntary prepayments made on the Term Loan during such fiscal year.
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