Certain Proceeds of Asset Sales. If during any fiscal year of the Borrower, the Borrower and its Subsidiaries have received cumulative Net Cash Proceeds during such fiscal year from one or more Asset Sales (other than any Asset Sale made pursuant to Section 7.02(d) or (g)) in excess of $10,000,000, not later than the third Business Day following the date of receipt of any Cash Proceeds in excess of such amount, an amount equal to 100% of the Net Cash Proceeds then received, shall be applied as a mandatory prepayment of the Loans in accordance with Section 2.13(d) below.
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Certain Proceeds of Asset Sales. If during any fiscal year of the BorrowerBorrowers, the Borrower and its Subsidiaries Domestic Loan Parties have received cumulative Net Cash Proceeds during such fiscal year from one or more Asset Sales (other than any Asset Sale of at least $10,000,000 made pursuant to Section 7.02(d) or (g7.02(c)) in excess of $10,000,000, not later than the third Business Day following the date of receipt of any Cash Proceeds in excess of such amount, an amount equal to 100% of the Net Cash Proceeds then received, received in excess of such amount from any Asset Sale shall be applied as a mandatory prepayment of the Term Loans in accordance with Section 2.13(d) below.
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Certain Proceeds of Asset Sales. If during any fiscal year of the BorrowerBorrowers, the Borrower and its Subsidiaries Loan Parties have received cumulative Net Cash Proceeds during such fiscal year from one or more Asset Sales (other than any Asset Sale of at least $10,000,000 made pursuant to Section 7.02(d) or (g7.02(c)) in excess of $10,000,000, not later than the third Business Day following the date of receipt of any Cash Proceeds in excess of such amount, an amount equal to 100% of the Net Cash Proceeds then received, received in excess of such amount from any Asset Sale shall be applied as a mandatory prepayment of the Term Loans in accordance with Section 2.13(d) below.
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Samples: Amendment and Restatement Agreement (Gibraltar Industries, Inc.)
Certain Proceeds of Asset Sales. If during any fiscal year of the Borrower, the Borrower and its Subsidiaries have received cumulative Net Cash Proceeds during such fiscal year from one or more Asset Sales (other than any Asset Sale made pursuant to Section 7.02(d) or (g)) in excess of at least $10,000,000, not later than the third Business Day following the date of receipt of any Cash Proceeds in excess of such amount, an amount equal to 100% of the Net Cash Proceeds then received, received in excess of such amount from any Asset Sale shall be applied as a mandatory prepayment of the Loans in accordance with Section 2.13(d) below.
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