Excess Cash Flow Recapture. In addition to any and all required reductions of the Commitment Amount set forth in Section 3.1 above, the Commitment Amount shall be reduced on May 1 of each calendar year, commencing on May 1, 1997, in an amount equal to seventy-five percent (75%) of Excess Cash Flow of the Borrower for the immediately preceding Fiscal Year. Such reduction shall be applied to automatically reduce, pro rata, the Commitment Amount as in effect from time to time." (S)4.4. Amendment to Section 3.3.3. Section 3.3.3. of the Credit -------------------------- Agreement is hereby amended in its entirety to read as follows:
Appears in 2 contracts
Sources: Credit Agreement (Ids Jones Growth Partners Ii L P), Second Amendment Agreement (Ids Jones Growth Partners 89-B LTD)
Excess Cash Flow Recapture. In addition to any and all -------------------------- required reductions of the Commitment Amount set forth in Section 3.1 above, the Commitment Amount shall be reduced on May 1 of each calendar year, commencing on May 1, 1997, 2000 in an amount equal to seventy-seventy- five percent (75%) of Excess Cash Flow of the Borrower for the immediately preceding Fiscal Year. Such reduction shall be applied to automatically reduce, pro rata, the Commitment Amount as in effect from time to time." (S)4.4. Amendment to Section 3.3.3. Section 3.3.3. of the Credit -------------------------- Agreement is hereby amended in its entirety to read as follows:"
Appears in 1 contract
Sources: Second Amendment Agreement (Cable Tv Fund 15-a LTD)