ECF Offer Account. On or prior to the Account Establishment Date, the Borrower shall open and establish the ECF Offer Account at the Depositary Bank. Following the opening and establishment of the ECF Offer Account, the Borrower shall at all times thereafter maintain the ECF Offer Account and cause the ECF Offer Account to be subject to a Blocked Account Control Agreement. With respect to the ECF Offer Account:

“Applicable ECF Builder Percentage” means # for the fiscal quarter of the Borrower ended January 28, 2017, 50% and # for any fiscal quarter of the Borrower thereafter, 100% minus the ECF Percentage for the fiscal year in which such fiscal quarter occurs (provided, that prior to the date of determination of the ECF Percentage for any fiscal year, such ECF Percentage shall be deemed to be 50%).

“Retained ECF Percentage” shall mean, with respect to any Excess Cash Flow Payment Period # 100% minus # the Applicable ECF Prepayment Percentage with respect to such Excess Cash Flow Payment Period.

“Retained ECF Percentage” shall mean, with respect to any Excess Cash Flow Payment Period # 100% minus # the Applicable ECF Prepayment Percentage with respect to such Excess Cash Flow Payment Period.

“Retained ECF Percentage” shall mean, with respect to any Excess Cash Flow Payment Period # 100% minus # the Applicable ECF Prepayment Percentage with respect to such Excess Cash Flow Payment Period.

“Applicable ECF Prepayment Percentage” shall mean, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is # less than or equal to 3.70:1.00 but greater than 3.20:1.00 the Applicable ECF Prepayment Percentage shall instead be 25% and # less than or equal to 3.20:1.00, the Applicable ECF Prepayment Percentage shall instead be 0%.

“Applicable ECF Prepayment Percentage” shall mean, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to [Section 9.01(e)] for such fiscal year) is # less than or equal to 3.70:1.00 but greater than 3.20:1.00 the Applicable ECF Prepayment Percentage shall instead be 25% and # less than or equal to 3.20:1.00, the Applicable ECF Prepayment Percentage shall instead be 0%.

“Applicable ECF Prepayment Percentage” shall mean, at any time, 50%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable ECF Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is # less than or equal to 3.70:1.00 but greater than 3.20:1.00 the Applicable ECF Prepayment Percentage shall instead be 25% and # less than or equal to 3.20:1.00, the Applicable ECF Prepayment Percentage shall instead be 0%.

“ECF Percentage” means 50%; provided, that # the ECF Percentage shall be reduced to 25% if the Consolidated Secured Leverage Ratio as of the last day of the relevant fiscal year is less than or equal to 2.00 to 1.00 but greater than 1.50 to 1.00 and # the ECF Percentage shall be reduced to 0% if the Consolidated Secured Leverage Ratio as of the last day of the relevant fiscal year is less than or equal to 1.50 to 1.00.

“ECF Percentage” has the meaning specified in [Section 2.03(b)(i)].