Common use of Additional Equity Clause in Contracts

Additional Equity. Within thirty (30) days after any equity (other than the offering or exercise of stock options pursuant to management incentive plans) offering by a Company (which shall be only with the prior written consent of Agent and the Required Lenders), Borrower shall make a Mandatory Prepayment in an amount equal to seventy-five percent (75%) of the net cash proceeds of such equity offering.

Additional Equity. Within thirty (30) days after any equity offering (other than the offering or exercise of stock options or other equity awards pursuant to management incentive plansplans or to finance an Acquisition permitted under Section 5.13 hereof) offering by a Company (which shall be only with the prior written consent of Agent and the Required Lenders), Borrower shall make a Mandatory Prepayment in an amount equal to seventy-five one hundred percent (75100%) of the net cash proceeds of such equity offering.

Additional Equity. Within thirty fifteen (3015) days after any equity offering (other than the offering or exercise of stock options or other equity awards pursuant to management equity incentive plansplans for directors, officers, employees and consultants) offering by a Company (which shall be only with the prior written consent of Agent and the Required Lenders), Borrower shall make a Mandatory Prepayment in an amount equal to seventy-five fifty percent (7550%) of the net cash proceeds of such equity offering.

Additional Equity. Within thirty (30) days after any equity offering (other than the offering or exercise of stock options or other equity awards pursuant to management or other incentive plans) offering by a Company (which shall be only with the prior written consent of Agent and the Required Lenders)Company, Borrower shall make a Mandatory Prepayment in an amount equal to seventy-five fifty percent (7550%) of the net cash proceeds of such equity offering; provided that this subpart (iv) shall not be applicable during any period that the Leverage Ratio, for the most recently completed fiscal quarter of Borrower, is less than 2.00 to 1.00.

Additional Equity. Within thirty (30) days after any equity offering (other than the offering or exercise of stock options pursuant to management incentive plansplans or to finance an Acquisition permitted under Section 5.13 hereof) offering by a Company (which shall be only with the prior written consent of Agent and the Required Lenders)Company, Borrower shall make a Mandatory Prepayment in an amount equal to seventy-five fifty percent (7550%) of the net cash proceeds of such equity offering.