Extract to table

This is a "must-have" item for the markup

Given Meridian's business model as a cloud-native SaaS platform, capitalized software development costs represent a material annual expenditure (estimated at $6–8 million annually) and must be treated as a deduction in the ECF computation to avoid overstating available cash flow

0% soft call premium applicable during the first twelve months following closing) shall be credited on a dollar-for-dollar basis against the ECF mandatory prepayment obligation for such fiscal year

If the aggregate voluntary prepayments exceed the calculated ECF sweep amount, no ECF payment should be required for that fiscal year, and any excess should be carried forward as a credit against subsequent fiscal year ECF sweep obligations (though the carry-forward feature is a "nice-to-have" rather than a "must-have")

This is categorized as a "must-have" in our negotiation strategy

Overview The Draft Term Sheet provides that 100% of net cash proceeds from asset sales (other than asset sales generating net cash proceeds at or below $2,500,000 in any fiscal year) must be used to mandatorily prepay the term loan, subject to reinvestment rights