Issuances of Debt Sample Clauses

Issuances of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).
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Issuances of Debt. On or prior to the first (1/st/) Business ----------------- Day after receipt by Company or any of its Subsidiaries of any proceeds (net of any payment of underwriting discounts, commission and other costs and expenses associated therewith (including legal costs and expenses) of any Indebtedness (other than the Loans, the Subordinated Debt and any other Indebtedness permitted by this Agreement), Company shall prepay the Loans (and/or the Revolving Loan Commitments shall be reduced) in an amount equal to the amount of such proceeds; provided that payment or acceptance of the amounts provided -------- for in this subsection 2.4B(iii)(b) shall not constitute a waiver of any Event of Default resulting from the incurrence of such Indebtedness or otherwise prejudice any rights or remedies of the Administrative Agent or any Lender. If Company is otherwise required to apply any portion of such proceeds to prepay Indebtedness evidenced by the Subordinated Debt then, notwithstanding anything contained in this Agreement to the contrary, Company shall apply such proceeds to the prepayment of the Loans so as to eliminate or minimize any obligation to prepay the Subordinated Debt.
Sample 1
Issuances of Debt. To the extent the principal amount outstanding under the Term Loan plus the Reindeer Debt is greater than the applicable amount set forth on Schedule 2.5 for the applicable period and in connection with the closing of any Debt Issuance, the Borrowers shall prepay the Loans, within one (1) Business Day of the closing of any Debt Issuance, in an aggregate amount equal to the lesser of (1) 35% of the Net Cash Proceeds of each such Debt Issuance and (2) the difference between the outstanding principal Term Loan amount plus the Reindeer Debt and the applicable amount set forth on Schedule 2.5 (to the extent positive) (the “Debt Net Cash Proceeds Payment”) and, in connection therewith, shall, pursuant to Irrevocable Instructions, cause the Persons obligated to pay such Net Cash Proceeds to remit the Debt Net Cash Proceeds Payment by wire transfer in immediately available funds directly to the Collection Account on the closing date of the Debt Issuance instead of paying such amounts to any Credit Party or a Subsidiary or Affiliate of a Credit Party. Such prepayment shall be prepaid in accordance with clause (ix) below.
Sample 1
Issuances of Debt. At all times while the Borrowers are not in compliance with any Bi-Annual Principal Reduction and in connection with the closing of any Debt Issuance, the Borrowers shall prepay the Loans, within one (1) Business Day of the closing of any Debt Issuance, in an aggregate amount equal to the greater of (1) 35% of the Net Cash Proceeds of each such Debt Issuance and (2) the difference between Bi-Annual Principal Reduction payments that are due and payable and the principal payments that have been applied to the outstanding principal balance of the Term Loans and the Reindeer Debt (to the extent positive) (the “Debt Net Cash Proceeds Payment”) and, in connection therewith, shall, pursuant to Irrevocable Instructions, cause the Persons obligated to pay such Net Cash Proceeds to remit the Debt Net Cash Proceeds Payment by wire transfer in immediately available funds directly to the Collection Account on the closing date of the Debt Issuance instead of paying such amounts to any Credit Party or a Subsidiary or Affiliate of a Credit Party. Such prepayment shall be prepaid in accordance with clause (ix) below.
Sample 1
Issuances of Debt. In connection with the closing of any Debt Issuance, the Borrowers shall prepay the Loans, within one (1) Business Day of the closing of any Debt Issuance, in an aggregate amount equal to the applicable percentage set forth in the Fee Letter (which percentages are incorporated herein by reference) of the Net Cash Proceeds of each such Debt Issuance and, in connection therewith, shall, pursuant to Irrevocable Instructions, cause the Persons obligated to pay such Net Cash Proceeds to remit such amount by wire transfer in immediately available funds directly to the Collection Account on the closing date of the Debt Issuance instead of paying such amounts to any Credit Party or a Subsidiary or Affiliate of a Credit Party. Such prepayment to be paid (1) first, to the Term Loans pursuant to Section 2.5(b)(x)(1)(A), until paid in full, and (2) second, to the Revolving Loans pursuant to Section 2.5(b)(x)(1)(B).
Sample 1

Related to Issuances of Debt

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Repayment of Debt If the General Partners unanimously elect, or are required by one or more third parties, to repay or repurchase at the Closing Date (or thereafter in connection with the sale of properties) any indebtedness of Target or any subsidiary of Target, at the Closing Date (or thereafter in connection with the sale of properties), the General Partners shall pay in cash such indebtedness plus any costs, expenses or fees associated with such repayment or repurchase, including without limitation any prepayment fees or penalties, to be repaid, pro rata in accordance with their respective Capital Accounts. For these purposes, “indebtedness” shall be deemed to include the costs of unwinding any interest rate swaps, caps, treasury locks and other derivatives and xxxxxx associated with the indebtedness that is being repaid.

  • CONVERSION OF DEBT A. Claimant and OnSource affirm and agree that as of the date of this Agreement, OnSource is indebted to Claimant in an amount equal to $54,000.00.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Limitations on Issuances of Guarantees of Indebtedness The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to Guarantee any other Indebtedness of the Company except in respect of the Credit Facilities of the Company (the “Guaranteed Indebtedness”) unless:

  • Refinancing Debt Borrowed Money that is the result of an extension, renewal or refinancing of Debt permitted under Section 10.2.1(b), (d) or (f).

  • Limitation on Issuances of Guarantees of Indebtedness The Company shall not permit any Restricted Subsidiary, directly or indirectly, to Guarantee or pledge any assets to secure the payment of any other Indebtedness of the Company unless such Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture governing the Notes providing for the Guarantee of the payment of the Notes by such Subsidiary, which Guarantee shall be senior to or pari passu with such Subsidiary's Guarantee of or pledge to secure such other Indebtedness. Notwithstanding the foregoing, any Guarantee by a Subsidiary of the Notes shall provide by its terms that it shall be automatically and unconditionally released and discharged upon any sale, exchange or transfer, to any Person other than a Subsidiary of the Company, of all of the Company's stock in, or all or substantially all the assets of, such Subsidiary, which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture. The form of such Guarantee is attached as Exhibit C hereto.

  • Issuance of Debt On the date of receipt by Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Repayment and Amortization of Loans; Evidence of Debt (a) The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each Overadvance on the earlier of the Maturity Date and demand by the Administrative Agent.

  • Repayment of Loans; Evidence of Indebtedness (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date and (ii) to the Administrative Agent for the account of each Lender that shall have made any Competitive Loan the then unpaid principal amount of each Competitive Loan of such Lender on the last day of the Interest Period applicable to such Loan.

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