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Ecf Percentage
Ecf Percentage contract clause examples

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 Prepayment Percentage" means, for any relevant fiscal year of the Borrower, commencing with the fiscal year ending December 31, 2019, # 50% if the Consolidated Leverage Ratio as of the last day of such fiscal year is greater than or equal to 2.75 to 1.00, # 25% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 2.75 to 1.00 but greater than or equal to 2.25 to 1.00, and # 0% if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 2.25 to 1.0.

ECF Percentage” means, with respect to the prepayment required by Section 2.11(d) with respect to any fiscal year of the Borrower, if the First Lien Leverage Ratio (prior to giving effect to the applicable prepayment pursuant to Section 2.11(d), but after giving effect to any voluntary prepayments made pursuant to Section 2.11(a) prior to the date of such prepayment) as of the end of such fiscal year is # greater than 4.05 to 1.00, 50.0% of Excess Cash Flow for such fiscal year, # greater than 3.80 to 1.00 but less than or equal to 4.05 to 1.00, 25.0% of Excess Cash Flow for such fiscal year and # less than or equal to 3.80 to 1.00, 0.00% of Excess Cash Flow for such fiscal year.

ECF Percentage” means, with respect to the prepayment required by [Section 2.11(d)] with respect to any fiscal year of the Borrower, if the First Lien Leverage Ratio (prior to giving effect to the applicable prepayment pursuant to [Section 2.11(d)], but after giving effect to any voluntary prepayments made pursuant to [Section 2.11(a)] prior to the date of such prepayment) as of the end of such fiscal year is # greater than 4.05 to 1.00, 50.0% of Excess Cash Flow for such fiscal year, # greater than 3.80 to 1.00 but less than or equal to 4.05 to 1.00, 25.0% of Excess Cash Flow for such fiscal year and # less than or equal to 3.80 to 1.00, 0.00% of Excess Cash Flow for such fiscal year.

Applicable ECF Percentage” means, for any fiscal year, # 50.0% if the Consolidated First Lien Net Leverage Ratio as of the last day of such fiscal year is greater than 4.35 to 1.00, # 25.0% if the Consolidated First Lien Net Leverage Ratio as of the last day of such fiscal year is equal to or less than 4.35 to 1.00 and greater than 3.85 to 1.00 and # 0.0% if the Consolidated First Lien Net Leverage Ratio as of the last day of such fiscal year is equal to or less than 3.85 to 1.00, in each case, calculated on a Pro Forma Basis.

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