Excess Cash Flow. No later than five (5) Business Days after the date on which the audited financial statements with respect to such fiscal year in which such Excess Cash Flow Period occurs are required to be delivered pursuant to [Section 5.01(a)] (for the avoidance of doubt, commencing with the fiscal year of the Borrower after the Closing Date), the Borrower shall make prepayments in accordance with Sections 2.10(f) and (g), in an aggregate principal amount equal to the following percentage of Excess Cash Flow (such percentage, the “Required ECF Percentage”) for the Excess Cash Flow Period then ended based on the Secured Leverage Ratio at the end of such Excess Cash Flow Period then ended:
Excess Cash Flow. No later thanWithin five (5) Business Days after the date on which the audited financial statements with respect to such fiscal year in which such Excess Cash Flow Period occurs are required to behave been delivered pursuant to [Section[Section 5.01(06(a)] (for the avoidance of doubt, commencing, beginning with the fiscal year of the Borrower after the Closing Date)ending , the Borrower shall make prepayments in accordance with Sections 2.10(f) and (g),prepay the Borrowings in an aggregate principal amount equal to # the following percentageECF Percentage of Excess Cash Flow (such percentage, the “Required ECF Percentage”) for the Excess Cash Flow Period then ended based onmost recent fiscal year covered by such financial statements less # the Secured Leverage Ratioaggregate principal amount of any voluntary prepayment of Borrowings made by the Borrower pursuant to [Section 2.06(b)] during such fiscal year (or, at the option of the Borrower, after the end of such fiscal year but prior to the time by such prepayment (it being understood that any such amount may not be then applied to reduce the prepayment required to be made under this paragraph with respect to Excess Cash Flow Period then ended:flow for the next following fiscal year)), excluding any such voluntary prepayments to the extent financed with the incurrence of Long-Term Debt; provided that no prepayment shall be required under this paragraph if, and only to the extent, such prepayment shall not be permitted by the restrictions set forth in the ABL Documents (so long as such restrictions are not more adverse to than those in effect on the Closing Date), it being agreed that to the extent any prepayment or a portion thereof is not made on account of such restrictions, such prepayment or such portion thereof shall be made immediately upon such restrictions ceasing to prohibit such prepayment.
Excess Cash Flow. No later thanWithin five (5) Business Days after the date on which the audited financial statements with respect to such fiscal year in which such Excess Cash Flow Period occurshave been delivered or are required to be delivered pursuant to [Section 5.[Section 6.01(a)] (forand the avoidance of doubt,related Compliance Certificate has been delivered or is required to be delivered pursuant to [Section 6.02(a)], in each case, commencing with the first full fiscal year of the Borrowerending after the Closing Date)Date, the shall, subject to [Sections 2.07(b)(v) and (b)(vi)])], the Borrower shall make prepayments in accordance with Sections 2.10(f) and (g), inprepay an aggregate principal amount of Term Loans equal to the following percentage of Excess Cash Flow (such percentage, the “Required ECF Percentage”) for the Excess Cash Flow Period then ended based on the Secured Leverage Ratio at the end of such Excess Cash Flow Period then ended:to,
Mandatory. (i) Within five (5) Business Days after the date on which the audited financial statements are required to have been delivered pursuant to [Section 6.01(a)] (commencing with respect to suchthe fiscal year in which such Excess Cash Flow Period occurs areending ) and the related Compliance Certificate is required to be delivered pursuant to [Section 5.01([Section 6.02(a)] (for the avoidance of doubt, commencing with the fiscal year of the Borrower after the Closing Date), the Borrower shall make prepaymentscause to be offered to be prepaid in accordance with Sections 2.10(f) and (g), in[clause (vii)] below, an aggregate principal amount of Loans in an amount equal to # the following percentageApplicable ECF Percentage of Excess Cash Flow (such percentage, the “Required ECF Percentage”)Flow, if any, for the Excess Cash Flow Period then ended based on the Secured Leverage Ratio at the fiscal year covered by such financial statements minus # all voluntary prepayments of Term Loans made during such fiscal year or after year-end ofand prior to when such Excess Cash Flow Period then ended:prepayment is due and, in the case of the fiscal year ending , all voluntary prepayments of Term Loans made during the fiscal year ending , # to the extent such prepayments are funded with internally generated cash and # excluding any such voluntary prepayments made during such fiscal year that reduced the amount required to be prepaid pursuant to this [Section 2.05(b)(i)] in the prior fiscal year.
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