Common use of Casualty and Condemnation Events Clause in Contracts

Casualty and Condemnation Events. Immediately upon the occurrence of any event requiring application of any insurance proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b) (such prepayment to be applied as set forth in clause (vi) below).

Appears in 2 contracts

Samples: Credit Agreement (American Medical Systems Holdings Inc), Credit Agreement (Vestar Sheridan Inc)

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Casualty and Condemnation Events. Immediately upon the occurrence of any event requiring application of any insurance proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b) (such prepayment to be applied as set forth in clause (viv) below).

Appears in 2 contracts

Samples: Credit Agreement (Apria Healthcare Group Inc), Credit Agreement (Apria Healthcare Group Inc)

Casualty and Condemnation Events. Immediately upon the occurrence of any event requiring application of any insurance proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b) (such prepayment to be applied as set forth in clause (viiii) below).

Appears in 2 contracts

Samples: Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc)

Casualty and Condemnation Events. Immediately upon the occurrence of any event requiring application of any insurance proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b7.6(d), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b7.6(d) (such prepayment to be applied as set forth in clause (viv) below).

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

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Casualty and Condemnation Events. Immediately upon -------------------------------- the occurrence of any event requiring application of any insurance proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b7.7(d), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b7.7(d) (such prepayment to be applied as set forth in clause (viSection 3.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

Casualty and Condemnation Events. Immediately upon the occurrence of any event requiring application of any insurance proceeds Excess Proceeds to the prepayment of Loans (and cash collateralization of LOC Obligations) pursuant to Section 7.6(b), the Borrower shall prepay the Loans in the amount required by such Section 7.6(b) (such prepayment to be applied as set forth in clause (viv) below).

Appears in 1 contract

Samples: Credit Agreement (Condor Systems Inc)

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