Additional Mandatory Prepayments Sample Clauses

Additional Mandatory Prepayments. In addition to those mandatory prepayments required under Section 2.06, and notwithstanding anything in Section 2.06 or otherwise herein or in any other Loan Document to the contrary, the Borrower shall make such additional mandatory prepayments as required to fully comply with each of the provisions set forth below:
Additional Mandatory Prepayments. If for any reason the Total Outstandings at any time exceed the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the Total Outstandings exceed the Aggregate Commitments then in effect.
Additional Mandatory Prepayments. In addition to Borrower's prepayment obligations under Section 3.1(f), Borrower shall apply 50% of any and all collections received by Borrower with respect to its asset in the amount of $1,750,000 identified by Borrower in the Projections as collection on prior year non-recourse sale of technology; FIRST to reduce Term Loan A and Term Loan B in the inverse order of maturity of payment thereof (i.e., without relieving Borrower of its obligation to make the next succeeding principal payment required under the New Term Loan Note) until such Loans are paid in full, and thereafter to reduce the Revolving Loans, which latter reduction shall cause a permanent dollar-for-dollar reduction of the Revolving Commitment. Borrower also shall reduce the Obligations, in the order and manner set forth in the preceding sentence, by 100% of the Net Cash Sales Proceeds realized by Borrower from any sale of Borrower's holdings of shares of Integrity Software, Inc."
Additional Mandatory Prepayments. In addition to the payment provided for under Section 1.5(b), Borrower shall prepay the Loan in the following amounts:
Additional Mandatory Prepayments. In addition to the regularly scheduled installments of principal required to be made with respect to the Fixed Loans commencing on December 1, 2006 as set forth in Section 2.3(1)(b)(ii), the Borrowers shall also be required to prepay the outstanding principal amount of the Loans in the following circumstances:
AutoNDA by SimpleDocs
Additional Mandatory Prepayments. (a) Promptly following the occurrence of any Equity Offering or Debt Offering of the Company or any of its Subsidiaries (following the obtaining of any necessary consents or approvals hereunder or under any other applicable agreements) which results in a Bank Debt Prepayment, the Company shall prepay (or cause any of its applicable Subsidiaries to prepay) the Notes in an amount equal to the holders' Pro Rata
Additional Mandatory Prepayments. The US Borrower agrees to make a mandatory principal payment or payments of the Loans in an aggregate amount equal to $30,000,000 on or before December 31, 2016 (the "Initial Mandatory Principal Reduction") and an additional mandatory principal payment or payments equal to $25,000,000 in the aggregate on or before March 31, 2017. With respect to (a) the Initial Mandatory Principal Reduction, an amount equal to $17,000,000 shall be applied to the remaining principal installments of the Term Loans, in inverse order of maturity, with the remainder to be applied to the Revolving Credit Facility (without a corresponding reduction in the Revolving Credit Commitment) and (b) the principal prepayment due and payable on or before March 31, 2017, an amount equal to $14,000,000 shall be applied to the remaining principal installments of the Term Loans, in inverse order of maturity, with the remainder to be applied to the Revolving Credit Facility (without a corresponding reduction in the Revolving Credit Commitment). Notwithstanding anything to the contrary contained in this Agreement, to the extent Net Cash Proceeds from any Debt Issuance, Equity Issuance or Asset Disposition are received that are required to be applied as a mandatory prepayment under Section 4.4(b)(i), (ii) or (iii) hereof, respectively, such Net Cash Proceeds shall instead be permitted to be applied to the mandatory prepayments required under this Section 4.5 and the US Borrower shall be deemed to have satisfied its obligations under Section 4.4, so long as any excess Net Cash Proceeds are applied to the extent required by Section 4.4(b)(i), (ii) or (iii), as applicable.
Additional Mandatory Prepayments. To reflect the agreement of the parties hereto to include certain additional mandatory prepayment requirements in the Credit Agreement, effective as of the Effective Date Section 2.18 of the Credit Agreement is hereby amended to delete subsections (ii) and (iii) thereof and to replace them with new subsections (ii) and (iii) to read in their entirety as follows:
Time is Money Join Law Insider Premium to draft better contracts faster.