Common use of Cure Amounts - mandatory prepayment Clause in Contracts

Cure Amounts - mandatory prepayment. The Company shall apply all the proceeds of any Cure Amount received by a member of the Group in or towards payment, repayment or prepayment of the Loans and other Senior Facility Outstandings under the Facilities, promptly upon receipt and, in any event, no later than the last day of the relevant Cure Period.

Appears in 3 contracts

Samples: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

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Cure Amounts - mandatory prepayment. The Company Borrower shall apply all the proceeds of any Cure Amount received by a member of the Group in or towards payment, repayment or prepayment of the Loans Loan and other Senior Facility Outstandings under the FacilitiesFacility, promptly upon receipt and, in any event, no later than the last day of the relevant Cure Period.

Appears in 1 contract

Samples: Facility Agreement (Powerfleet, Inc.)

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