Common use of Other Mandatory Prepayments Clause in Contracts

Other Mandatory Prepayments. Additional mandatory prepayments of the Term Notes and Line of Credit Notes shall be payable as follows: (i) on or before the 10th day after the receipt thereof, an amount equal to any Excess Disposition Proceeds; (ii) on or before the 10th day after the receipt thereof, an amount equal to any Excess Debt Proceeds; (iii) on or before the 10th day after the receipt thereof, an amount equal to 50% of any Excess Equity Proceeds; (iv) until the Funded Debt to EBITDA Ratio at the end of a Fiscal Year is less than or equal to 4.00 to 1.00, but greater than 3.50 to 1.00, on or before the 120th day after the end of each of the Borrower's Fiscal Years, an amount equal to seventy-five percent (75%) of any Unallocated Cash Flow during the relevant Fiscal Year, and (v) thereafter, until the Funded Debt to EBITDA Ratio at the end of a Fiscal Year is less than or equal to 3.50 to 1.00, on or before the 120th day after the end of each of the Borrower's Fiscal Years, an amount equal to fifty percent (50%) of any Unallocated Cash Flow during the relevant Fiscal Year. All prepayments under this Section 4.4 shall be applied (pro rata among the Lenders) first to the unpaid installments due under the Term Notes in the inverse order of their maturity until all such installments are paid, second to the outstanding principal of the Line of Credit Notes, and third to the outstanding principal of the Swing Line Loans.

Other Mandatory Prepayments. Additional mandatory prepayments of the Term Notes and Line of Credit Notes shall be payable as follows: (i) on or before the 10th day after the receipt thereof, an amount equal to any Excess Disposition Proceeds; (ii) on or before the 10th day after the receipt thereof, an amount equal to any Excess Debt Proceeds; (iii) on or before the 10th day after the receipt thereof, an amount equal to 50% of any Excess Equity Proceeds; and (iv) until the Funded Debt to EBITDA Ratio at the end of a Fiscal Year is less has been reduced to not more than or equal to 4.00 to 1.00, but greater than 3.50 to 1.00, on or before the 120th day after the end of each of the Borrower's Fiscal Years, an amount equal to seventy-five percent (75%) of any Unallocated Cash Flow during the relevant Fiscal Year, and (v) thereafter, until the Funded Debt to EBITDA Ratio at the end of a Fiscal Year is less than or equal to 3.50 2.50 to 1.00, on or before the 120th day after the end of each of the Borrower's Fiscal Years, an amount equal to fifty percent (50%) of any Unallocated Cash Flow during the relevant such Fiscal Year. Additional mandatory prepayments under this subsection (b) shall be applied to the most remote installments then unpaid. All prepayments under this Section 4.4 shall be applied (pro rata among the Lenders) first to the unpaid installments due under the Term Notes in the inverse order of their maturity until all such installments are paid, second to the outstanding principal of the Line of Credit Notes, and third to the outstanding principal of the Swing Line Loans.