Common use of Asset Dispositions, Casualties and Condemnations, etc Clause in Contracts

Asset Dispositions, Casualties and Condemnations, etc. Within five Business Days after receipt by any Group Company of Net Cash Proceeds from any Asset Disposition (other than any Asset Disposition permitted under CLAUSES (i) through (xvii), (xviii)(B), (xix), (xx) and (xxii) of SECTION 7.05), Casualty or Condemnation, the Company shall prepay the Loans and/or Cash Collateralize or pay the L/C Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds of such Asset Disposition, Casualty or Condemnation; PROVIDED, that no such prepayment caused by the receipt of Net Cash Proceeds from any Asset Disposition, Casualty or Condemnation shall be required to the extent that the sum of such Net Cash Proceeds and all other Net Cash Proceeds from Asset Dispositions, Casualty or Condemnations occurring after the Closing Date and during any fiscal year does not exceed $5,000,000 (it being understood that a prepayment shall only be required of such excess).

Asset Dispositions, Casualties and Condemnations, etc. Within five Business Days after receipt by Parent or any Group Company of its Restricted Subsidiaries of Net Cash Proceeds from any Asset Disposition (other than any Asset Disposition permitted under CLAUSES Section 7.03 (i) through other than clause (xviia)(xxi), (xviii)(B), (xix), (xx) and (xxii) of SECTION 7.05), Casualty or Condemnation, the Company Lead Borrower shall prepay (or cause to be prepaid) the Loans and/or Cash Collateralize or pay the L/C Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds of such Asset Disposition, Casualty or Condemnation; PROVIDED, provided that no such prepayment caused by the receipt of Net Cash Proceeds from any Asset Disposition, Casualty or Condemnation Disposition shall be required to the extent that the sum of such Net Cash Proceeds and all other Net Cash Proceeds from Asset Dispositions, Casualty or Condemnations Dispositions (other than any Asset Disposition permitted under Section 7.03 (other than clause (a)(xxi))) occurring after the Closing Date and during any the same fiscal year does not exceed $5,000,000 100,000,000 (it being understood that a prepayment shall only be required of such excess).

Asset Dispositions, Casualties and Condemnations, etc. Within five Business Days after receipt by any Group Company of Net Cash Proceeds from any Asset Disposition (other than any Asset Disposition permitted under CLAUSES (iI) through (xviiXVII), (xviii)(BXVIII)(B), (xixXIX), (xxXX) and (xxiiXXII) of SECTION 7.05), Casualty or Condemnation, the Company shall prepay the Loans and/or Cash Collateralize or pay the L/C Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds of such Asset Disposition, Casualty or Condemnation; PROVIDED, that no such prepayment caused by the receipt of Net Cash Proceeds from any Asset Disposition, Casualty or Condemnation shall be required to the extent that the sum of such Net Cash Proceeds and all other Net Cash Proceeds from Asset Dispositions, Casualty or Condemnations occurring after the Closing Date and during any fiscal year does not exceed $5,000,000 (it being understood that a prepayment shall only be required of such excess).