Common use of Funds Transfers Clause in Contracts

Funds Transfers. If Guarantor receives cash proceeds as a result of any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Obligations under the terms of the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets), Guarantor shall distribute to the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan Documents.

Appears in 2 contracts

Samples: Guaranty (Biodelivery Sciences International Inc), Guaranty (Biodelivery Sciences International Inc)

AutoNDA by SimpleDocs

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower Seller is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)Closing Documents, Guarantor shall distribute deliver to the Borrower Seller an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan Closing Documents.

Appears in 2 contracts

Samples: Guaranty (Commerce One Inc / De/), Guaranty (Commerce One Inc / De/)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including (a) any issuance or sale of such Guarantor’s 's Stock or (b) any sale of its assets, in each case as permitted thereunder), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 2 contracts

Samples: Ddi Corp, Ddi Corp

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, in its discretion, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 2 contracts

Samples: Coffeyville Resources, Inc., Coffeyville Resources, Inc.

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)this Agreement, such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan Documentsthis Agreement.

Appears in 2 contracts

Samples: Counterpart Agreement (Oppenheimer Holdings Inc), Subordinated Credit Agreement (Oppenheimer Holdings Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Term Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)Agreement, such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Term Loan DocumentsAgreement.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Cinedigm Digital Cinema Corp.), Cinema and Administrative Agreement (Cinedigm Digital Cinema Corp.)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 2 contracts

Samples: Guaranty (Newtek Business Services Inc), Guaranty (Neff Finance Corp.)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of Section 1.3(b)(v) the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)Credit Agreement, Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Reading Guaranty Agreement (Reading International Inc)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsAgreement.

Appears in 1 contract

Samples: Ensign Guaranty (Ensign Group, Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), Guarantor such Guarantors shall distribute to, or make a contribution to the Borrower capital of one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (Coyne International Enterprises Corp)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s its Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (RBC Bearings INC)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s 's Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement. 3.

Appears in 1 contract

Samples: Code Alarm Inc

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Obligations under the terms Section 2.1.1 of the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)Notes and the Borrower is unable to make such mandatory prepayment, Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms Section 2.1.1 of the Loan DocumentsNotes.

Appears in 1 contract

Samples: Guaranty (St Cloud Capital Partners Lp)

Funds Transfers. If Guarantor receives cash proceeds Guarantors shall engage in any transaction as a result of any transaction or event as a --------------- result of which Borrower is Borrowers are required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents this Agreement (including any issuance or sale of a Guarantor’s 's Stock or any sale of its assets), Guarantor Guarantors shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers in an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan Documentsthis Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Montgomery Ward Holding Corp)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Security Agreement (Curative Health Services Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which a Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsAgreement.

Appears in 1 contract

Samples: Holding Company Guaranty (Ensign Group, Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which a Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Agreement (including including, as a result of any issuance or sale of such Guarantor’s Stock or Stock Equivalents or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsAgreement.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Talbots Inc)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s 's Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (Code Alarm Inc)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Parent Guaranty (Westaff Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event --------------- as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (American Eco Corp)

AutoNDA by SimpleDocs

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including (a) any issuance or sale of such Guarantor’s Stock or (b) any sale of its assets, in each case as permitted thereunder), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (Ddi Corp)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Security Agreement (Curative Health Services Inc)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is Borrowers are required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement or the Master Lease (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the Borrower capital of, the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement or the Master Lease.

Appears in 1 contract

Samples: Guaranty (Precision Partners Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s 's Stock or any sale of its assets), Guarantor shall distribute to, or make a contribution to the Borrower capital of, the Borrower, in an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (United Shipping & Technology Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents this Agreement (including any issuance or sale of such Guarantor’s Capital Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan Documentsthis Agreement.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (SOI Holdings, Inc.)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Baldwin Piano & Organ Co /De/)

Funds Transfers. If Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents (including any issuance or sale of Guarantor’s Stock or any sale of its assets)Agreement, Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsAgreement. 3.

Appears in 1 contract

Samples: Guaranty (LSB Industries Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the Borrower capital of, one or more of the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Finlay Enterprises Inc /De

Funds Transfers. If the Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s Stock capital stock or any sale of its assets), to the extent the Borrowers are unable to make such mandatory prepayment, the Guarantor shall distribute to, or make a contribution to the Borrower capital of, the Borrowers an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Credit Facility Guaranty Agreement (Euronet Worldwide Inc)

Funds Transfers. If the Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Loan Documents Credit Agreement (including any issuance or sale of Guarantor’s Stock capital stock or any sale of its assets), to the extent the Borrower is unable to make such mandatory prepayment, the Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Rupee Credit Facility Guaranty Agreement (Euronet Worldwide Inc)

Funds Transfers. If any Guarantor receives cash proceeds as a result of shall engage in any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Obligations Loans under the terms of the Loan Documents Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Loan DocumentsCredit Agreement.

Appears in 1 contract

Samples: Guaranty (Renaissance Cosmetics Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.