Common use of Calculations of Net Proceeds Amounts; Additional Prepayments Clause in Contracts

Calculations of Net Proceeds Amounts; Additional Prepayments. and Reductions Based on Subsequent Calculations. Concurrently with any ----------------------------------------------- prepayment of the Loans pursuant to subsections 2.4A(iii)(a)-(d), Company shall deliver to Administrative Agent an Officers' Certificate demonstrating the calculation of the amount (the "NET PROCEEDS AMOUNT") of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Indebtedness Proceeds or Net Equity Proceeds (as such terms are defined in subsections 2.4A(iii)(a), (b), (c) and (d), respectively), as the case may be, that gave rise to such prepayment. In the event that Company shall subsequently determine that the actual Net Proceeds Amount was greater than the amount set forth in such Officers' Certificate, Company shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Company shall concurrently therewith deliver to Administrative Agent an Officers' Certificate demonstrating the derivation of the additional Net Proceeds Amount resulting in such excess.

Appears in 2 contracts

Samples: Credit Agreement (Anthony Crane Holdings Capital Corp), Revolving Credit Agreement (Anthony Crane Holdings Capital Corp)

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Calculations of Net Proceeds Amounts; Additional Prepayments. and Reductions Based on Subsequent Calculations. Concurrently with any ----------------------------------------------- prepayment of the Loans and/or reduction of the Revolving Loan Commitments pursuant to subsections 2.4A(iii)(a)-(d2.4B(iii)(a)-(c), Company Borrower shall deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the calculation of the amount (the "NET PROCEEDS AMOUNTNet Proceeds Amount") of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Indebtedness Proceeds or Net Equity Proceeds (as such terms are defined in subsections 2.4A(iii)(a), (b), (c) and (d), respectively)Debt Proceeds, as the case may be, that gave rise to such prepaymentprepayment and/or reduction. In the event that Company shall If Borrower subsequently determine determines that the actual Net Proceeds Amount was greater than the amount set forth in such Officers' Officer's Certificate, Company Borrower shall promptly make an additional prepayment of the Loans (and/or, if applicable, the Revolving Loan Commitments shall be permanently reduced) in an amount equal to the amount of such excess, and Company Borrower shall concurrently therewith deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the derivation of the additional Net Proceeds Amount resulting in such excess.

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

Calculations of Net Proceeds Amounts; Additional Prepayments. and Reductions Based on Subsequent Calculations. Concurrently with any ----------------------------------------------- prepayment of -------------------------------- the Loans pursuant to subsections 2.4A(iii)(a)-(d2.4B(iii)(a)-(f), Company shall deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the calculation of the amount (the "NET PROCEEDS AMOUNTNet Proceeds Amount") of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Indebtedness Pension Proceeds, Net Debt Securities Proceeds, Net Equity Securities Proceeds or Net Equity Proceeds (as such terms are defined in subsections 2.4A(iii)(a), (b), (c) and (d), respectively)Consolidated Excess Cash Flow, as the case may be, that gave rise to such prepayment. In the event that Company shall subsequently determine that the actual Net Proceeds Amount was greater than the amount set forth in such Officers' Officer's Certificate, Company shall promptly make an additional prepayment of the Loans in an amount equal to the amount of such excess, and Company shall concurrently therewith deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the derivation of the additional Net Proceeds Amount resulting in such excess.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Calculations of Net Proceeds Amounts; Additional Prepayments. and Reductions Based on Subsequent Calculations. Concurrently with ----------------------------------------------- any ----------------------------------------------- prepayment of the Loans and/or reduction of the Commitments pursuant to subsections 2.4A(iii)(a)-(d2.4B(iii)(a)-(e), Company shall deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the calculation of the amount (the "NET PROCEEDS AMOUNT") of the applicable Net Asset Sale Proceeds, the applicable Net Insurance/Condemnation Proceeds, the applicable Net Indebtedness Proceeds or Net Equity Debt Securities Proceeds (as such terms are term is defined in subsections 2.4A(iii)(asubsection 2.4B(iii)(c)), (b), (c) and (d), respectively), as the case may be, Available Cash or the applicable Excess Cash Flow that gave rise to such prepaymentprepayment and/or reduction. In the event that Company shall subsequently determine that the actual Net Proceeds Amount was greater than the amount set forth in such Officers' Officer's Certificate, Company shall promptly make an additional prepayment of the Loans (and the Commitments shall be permanently reduced) in an amount equal to the amount of such excess, and Company shall concurrently therewith deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the derivation of the additional Net Proceeds Amount resulting in such excess.

Appears in 1 contract

Samples: Credit Agreement (LTM Holdings Inc)

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Calculations of Net Proceeds Amounts; Additional Prepayments. and Reductions Based on Subsequent Calculations. Concurrently with any ----------------------------------------------- prepayment of the Loans and/or reduction of the Revolving Loan Commitments pursuant to subsections 2.4A(iii)(a)-(d2.4B(iii)(a)-(c), Company shall deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the calculation of the amount (the "NET PROCEEDS AMOUNTNet Proceeds Amount") of the applicable Net Asset Sale Proceeds, Proceeds or Net Insurance/Condemnation Proceeds, the applicable Net Indebtedness Proceeds or Net Equity Debt Proceeds (as such terms are term is defined in subsections 2.4A(iii)(asubsection 2.4B(iii)(c), (b), (c) and (d), respectively), as the case may be, that gave rise to such prepaymentprepayment and/or reduction. In the event that Company shall subsequently determine that the actual Net Proceeds Amount was greater than the amount set forth in such Officers' Officer's Certificate, Company shall promptly make an additional prepayment of the Loans (and/or, if applicable, the Revolving Loan Commitments shall be permanently reduced) in an amount equal to the amount of such excess, and Company shall concurrently therewith deliver to Administrative Agent an Officers' Officer's Certificate demonstrating the derivation of the additional Net Proceeds Amount resulting in such excess.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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