Asset Disposition Prepayment Sample Clauses

Asset Disposition Prepayment. Subject to the terms of the Intercreditor Agreement, the Borrower shall pay to the Administrative Agent, for the accounts of the Lenders (each, an “Asset Disposition Prepayment”), immediately upon the receipt by the Borrower of the proceeds of any asset dispositions, an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition.
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Asset Disposition Prepayment. The Borrower shall pay to the Dollar Agent, for the accounts of the Dollar Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to ss.12.5.2(j), an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition solely to the extent that the aggregate amount of Net Proceeds received by the Borrower shall exceed (a) for all such asset dispositions undertaken pursuant to ss.12.5.2(j) during the period prior to the first anniversary of the Closing Date, $500,000 and (b) for all such asset dispositions undertaken pursuant to ss.12.5.2(j) during any one year period after the first anniversary of the Closing Date from one anniversary of the Closing Date to the next anniversary of the Closing Date, $250,000. Each such Asset Disposition Prepayment shall be applied ratably against the remaining scheduled installments of principal due on the Term Loan. The Borrower shall also use any proceeds from the sale of assets mandated by the Federal Trade Commission, to the extent such sale is permitted by ss.12.5.2(f), to prepay the principal amount of the Term Loan as set forth in such ss.12.5.2(f).
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Asset Disposition Prepayment. The Borrower shall pay to the Administrative Agent, for the accounts of the Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to Section 11.5.2(d), an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition solely to the extent that the aggregate amount of Net Proceeds received by the Borrower shall exceed, for all such asset dispositions undertaken pursuant to Section 11.5.2(d) during any fiscal year of the Borrower, $250,000; provided, however, that no Asset Disposition Prepayment shall be required with respect to the proceeds from the sale of: (i) the accounts receivable acquired in the Acquisition and (ii) approximately ten (10) stores, and inventory therein, acquired in the Acquisition. New Issuance Prepayment. The Borrower shall pay to the Agent, for the accounts of to the Banks (each, a "New Issuance Prepayment"), within ten (10) days after the completion by the Borrower of any issuance of (i) Indebtedness permitted pursuant to Section 11.1(i) hereof or (ii) equity securities of the Borrower or any of its Subsidiaries, including, without limitation, any issuance of warrants, options or subscription rights (other than issuances of common stock to employees of the Borrower), permitted pursuant to Section 11.13 hereof, an amount equal to fifty percent 50% of the Net Proceeds received by the Borrower in connection with any such issuance; provided, however, that no such New Issuance Prepayment shall be required with respect to any such issuance if the ratio of (a) Consolidated Total Funded Debt during the period of four consecutive fiscal quarters ending with the fiscal quarter most recently ended prior to such issuance for which the Borrower has delivered financial statements in accordance with Section 9.4.1 or Section 10.4 to (b) Consolidated EBITDA for such period is less than 2.50:1.00.
Sample 1
Asset Disposition Prepayment. Subject to the terms of the Intercreditor Agreement, the Borrower shall pay to the Administrative Agent, for the accounts of the Lenders (each, an "ASSET DISPOSITION PREPAYMENT"), immediately upon the receipt by the Borrower of the proceeds of any asset dispositions, an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition.
Sample 1
Asset Disposition Prepayment. THE BORROWER SHALL PAY TO THE ADMINISTRATIVE AGENT, FOR THE ACCOUNTS OF THE BANKS (EACH, AN "ASSET DISPOSITION PREPAYMENT"), IMMEDIATELY UPON THE RECEIPT BY THE BORROWER OF THE PROCEEDS OF ANY ASSET DISPOSITIONS, AN AMOUNT EQUAL TO ONE HUNDRED PERCENT (100%) OF THE NET PROCEEDS RECEIVED BY THE BORROWER IN CONNECTION WITH SUCH ASSET DISPOSITION.
Sample 1
Asset Disposition Prepayment. See Section 5.8.1.
Sample 1
Asset Disposition Prepayment. The Borrower shall pay to the Administrative Agent, for the accounts of the Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to Section 9.5.2(d), an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition solely to the extent that the aggregate amount of Net Proceeds received by the Borrower shall exceed, for all such asset dispositions undertaken pursuant to Section 9.5.2(d) during any fiscal year of the Borrower, $250,000.
Sample 1
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Related to Asset Disposition Prepayment

  • Asset Disposition If the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) Disposes of any property which results in the receipt by such Person of Net Cash Proceeds in excess of $2,000,000 in the aggregate since the applicable Commitment Termination Date, the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of such Net Cash Proceeds no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

  • Asset Dispositions Make any Asset Disposition except:

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, any material asset (including accounts receivable and capital stock of Principal Subsidiaries) to any Person, except:

  • Permitted Prepayment Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Required Prepayments On August 1, 2002, and on each August 1 thereafter to and including August 1, 2010, the Company will prepay $5,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at par and without payment of the Make-Whole Amount or any premium, provided that upon any partial prepayment of the Notes pursuant to Sections 8.2 or 10.2 or purchase of the Notes permitted by Section 8.5, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase.

  • Permitted Prepayment of Loans Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

  • Discounted Voluntary Prepayments (i) Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13) or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders thereof at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.05(e); provided that (A) no proceeds from Revolving Credit Loans shall be used to consummate any such Discounted Voluntary Prepayment, (B) any Discounted Voluntary Prepayment hereunder must be offered to all relevant Term Lenders on a pro rata basis and must be offered simultaneously on a pro rata basis with a “Discounted Voluntary Prepayment” as defined in the other Group Credit Agreements, as applicable on a pro rata basis, (C) no Default shall have occurred and be continuing or would result from such Discounted Voluntary Prepayment, (D) no more than one Discounted Prepayment Option Notice shall be issued and pending at any one time and (E) the Borrower shall deliver to the Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower (1) stating that each of the conditions to such Discounted Voluntary Prepayment contained in this Section 2.05(e) has been satisfied and (2) specifying the aggregate principal amount of Term Loans to be prepaid pursuant to such Discounted Voluntary Prepayment.

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

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