Document ID: 15389

Text:
(iii) On or before April 30th of each year, beginning April 30, 2018, the Borrowers shall prepay the thenoutstanding Loans by an amount equal to 50% of Excess Cash Flow of the Borrowers on a Consolidated basis for the most recently completed Fiscal Year; provided that, no Excess Cash Flow payment shall be required under this Section 2.8(b)(iii) with respect to such recently completed Fiscal Year to the extent that (A) the Consolidated Total Leverage Ratio is less than 2.50 to 1.00 as of the end of the two consecutive fiscal quarters of the Borrowers immediately preceding the date such Excess Cash Flow payment would otherwise be required under this Section 2.8(b)(iii), and the Borrowers have delivered to the Administrative Agent the compliance certificates required by Section 6.2(a) hereof with detailed calculations evidencing the Consolidated Total Leverage Ratio on such dates and (B) no Default or Event of Default has occurred and is continuing on April 30th of such year when the Excess Cash Flow payment would otherwise be required under this Section 2.8(b)(iii). The amount of each such prepayment shall be applied first to the outstanding Priority Term Loans and Incremental Priority Term Loans, if any, until paid in full (such payments being applied to the remaining amortization payments on the Priority Term Loans and Incremental Priority Term Loans, if any, in the inverse order of maturity), then to the outstanding Second Out Term Loans and Incremental Second Out Term Loans, if any, until paid in full (such payments being applied to the remaining payments on the Second Out Term Loans and Incremental Second Out Term Loans, if any, in the inverse order of maturity), then to the Revolving Loans until paid in full, and then to the Swing Loans.

Named Entities:
13
16
EffectiveDate
30
31
Percentage
97
103
Ratio
286
289
Title
291
295
Title

Tokenized Text:
(
iii
)
On
or
before
April
30th
of
each
year
,
beginning
April
30
,
2018
,
the
Borrowers
shall
prepay
the
thenoutstanding
Loans
by
an
amount
equal
to
50
%
of
Excess
Cash
Flow
of
the
Borrowers
on
a
Consolidated
basis
for
the
most
recently
completed
Fiscal
Year
;
provided
that
,
no
Excess
Cash
Flow
payment
shall
be
required
under
this
Section
2
.
8
(
b
)
(
iii
)
with
respect
to
such
recently
completed
Fiscal
Year
to
the
extent
that
(
A
)
the
Consolidated
Total
Leverage
Ratio
is
less
than
2
.
50
to
1
.
00
as
of
the
end
of
the
two
consecutive
fiscal
quarters
of
the
Borrowers
immediately
preceding
the
date
such
Excess
Cash
Flow
payment
would
otherwise
be
required
under
this
Section
2
.
8
(
b
)
(
iii
)
,
and
the
Borrowers
have
delivered
to
the
Administrative
Agent
the
compliance
certificates
required
by
Section
6
.
2
(
a
)
hereof
with
detailed
calculations
evidencing
the
Consolidated
Total
Leverage
Ratio
on
such
dates
and
(
B
)
no
Default
or
Event
of
Default
has
occurred
and
is
continuing
on
April
30th
of
such
year
when
the
Excess
Cash
Flow
payment
would
otherwise
be
required
under
this
Section
2
.
8
(
b
)
(
iii
)
.
The
amount
of
each
such
prepayment
shall
be
applied
first
to
the
outstanding
Priority
Term
Loans
and
Incremental
Priority
Term
Loans
,
if
any
,
until
paid
in
full
(
such
payments
being
applied
to
the
remaining
amortization
payments
on
the
Priority
Term
Loans
and
Incremental
Priority
Term
Loans
,
if
any
,
in
the
inverse
order
of
maturity
)
,
then
to
the
outstanding
Second
Out
Term
Loans
and
Incremental
Second
Out
Term
Loans
,
if
any
,
until
paid
in
full
(
such
payments
being
applied
to
the
remaining
payments
on
the
Second
Out
Term
Loans
and
Incremental
Second
Out
Term
Loans
,
if
any
,
in
the
inverse
order
of
maturity
)
,
then
to
the
Revolving
Loans
until
paid
in
full
,
and
then
to
the
Swing
Loans
.