Calculations of Net Proceeds Amounts; Additional Prepayments Based on Subsequent Calculations. Concurrently with any prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e), Borrower shall deliver to Administrative Agent an Officer’s Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Equity Securities Proceeds, Net Debt Securities Proceeds or Excess Cash Flow, as the case may be, that gave rise to such prepayment and/or reduction. In the event that Borrower shall subsequently determine that the actual amount was greater than the amount set forth in such Officer’s Certificate, Borrower shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Borrower shall concurrently therewith deliver to Administrative Agent an Officer’s Certificate demonstrating the derivation of the additional amount resulting in such excess.
Appears in 2 contracts
Samples: Amendment Agreement (Brand Energy & Infrastructure Services, Inc), Credit Agreement (Brand Intermediate Holdings Inc)
Calculations of Net Proceeds Amounts; Additional Prepayments Based on Subsequent Calculations. Concurrently with any prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e2.4A(iii)(a)-(d), Borrower the Borrowers shall deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the calculation of the amount (the “Net Proceeds Amount”) of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Equity Securities Proceeds, Net Debt Securities Loss Proceeds or Excess Cash FlowNet Proceeds, as the case may be, that gave rise to such prepayment and/or reductionprepayment. In the event that Borrower the Borrowers shall subsequently determine that the actual amount Net Proceeds Amount was greater than the amount set forth in such Officer’s Officers’ Certificate, Borrower the Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Borrower Borrowers shall concurrently therewith deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the derivation of the additional amount Net Proceeds Amount resulting in such excess.
Appears in 2 contracts
Samples: Construction Loan Agreement (Las Vegas Sands Corp), Construction Loan Agreement (Las Vegas Sands Inc)
Calculations of Net Proceeds Amounts; Additional Prepayments Based on Subsequent Calculations. Concurrently with any prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e2.4B(iii)(a)-(d), the Borrower shall deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the calculation of the amount (the “Net Proceeds Amount”) of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Loss Proceeds, Net Equity Securities Proceeds, Net Debt Securities Termination Proceeds or Excess Cash FlowNet Proceeds, as the case may be, that gave rise to such prepayment and/or reductionprepayment. In the event that the Borrower shall subsequently determine that the actual amount Net Proceeds Amount was greater than the amount set forth in such Officer’s Officers’ Certificate, the Borrower shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the derivation of the additional amount Net Proceeds Amount resulting in such excess.
Appears in 2 contracts
Samples: Credit Agreement (Las Vegas Sands Corp), Credit Agreement (Las Vegas Sands Corp)
Calculations of Net Proceeds Amounts; Additional Prepayments Based on Subsequent Calculations. Concurrently with any prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e2.4B(iii)(a)-(d), Borrower the Borrowers shall deliver to the Administrative Agent an Officer’s Officers' Certificate demonstrating the calculation of the amount (the "Net Proceeds Amount") of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Loss Proceeds, Net Equity Securities Proceeds, Net Debt Securities Pension Proceeds or Excess Cash FlowNet Proceeds, as the case may be, that gave rise to such prepayment and/or reductionprepayment. In the event that Borrower the Borrowers shall subsequently determine that the actual amount Net Proceeds Amount was greater than the amount set forth in such Officer’s Officers' Certificate, Borrower the Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Borrower Borrowers shall concurrently therewith deliver to the Administrative Agent an Officer’s Officers' Certificate demonstrating the derivation of the additional amount Net Proceeds Amount resulting in such excess.
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Calculations of Net Proceeds Amounts; Additional Prepayments Based on Subsequent Calculations. Concurrently with any prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e2.4B(iii)(a)-(d), Borrower the Borrowers shall deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the calculation of the amount (the “Net Proceeds Amount”) of the applicable Net Asset Collateral Sale Proceeds, Net Insurance/Condemnation Loss Proceeds, Net Equity Securities Proceeds, Net Debt Securities Pension Proceeds or Excess Cash FlowNet Proceeds, as the case may be, that gave rise to such prepayment and/or reductionprepayment. In the event that Borrower the Borrowers shall subsequently determine that the actual amount Net Proceeds Amount was greater than the amount set forth in such Officer’s Officers’ Certificate, Borrower the Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Borrower Borrowers shall concurrently therewith deliver to the Administrative Agent an Officer’s Officers’ Certificate demonstrating the derivation of the additional amount Net Proceeds Amount resulting in such excess.
Appears in 1 contract
Samples: Ff&e Facility Credit Agreement (Las Vegas Sands Corp)