Common use of Debt Incurrence Clause in Contracts

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.01), Borrowers shall prepay an aggregate principal amount of Loans equal to all Net Cash Proceeds received therefrom promptly after receipt thereof by such Loan Party or such Subsidiary.

Appears in 4 contracts

Samples: Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.)

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Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), the Borrowers shall shall, subject to the terms of the Intercreditor Agreement, prepay an aggregate principal amount of Loans (and Cash Collateralize Letter of Credit Obligations, if applicable) equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.02), the Borrowers shall prepay an aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 2 contracts

Samples: Credit and Security Agreement (Katy Industries Inc), Credit and Security Agreement (Katy Industries Inc)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.01)Indebtedness, the Borrowers shall prepay an aggregate principal amount of Loans (and Cash Collateralize Letter of Credit Obligations, if applicable) equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary; provided that the requirements of this clause (iii) shall only apply during a Dominion Trigger Period.

Appears in 2 contracts

Samples: Credit Agreement (Ascent Industries Co.), Credit Agreement (Synalloy Corp)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Domestic Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), the Borrowers shall prepay an aggregate principal amount of outstanding Loans equal up to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Domestic Subsidiary.

Appears in 2 contracts

Samples: Credit and Security Agreement (Mfri Inc), Credit and Security Agreement (Mfri Inc)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party the Borrower or any of its Restricted Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.016.1), Borrowers the Borrower shall prepay an aggregate principal amount of Term Loans equal to all Net Cash Proceeds received therefrom promptly after receipt thereof by such Loan Party the Borrower or such Restricted Subsidiary.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (REV Group, Inc.)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.017.02), Borrowers Borrower shall prepay an aggregate principal amount of Loans equal to all Net Cash Proceeds received therefrom promptly after receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (CardConnect Corp.)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), the Borrowers shall prepay an aggregate principal amount of Term Loans, together with accrued and unpaid interest of such Term Loans being prepaid and the Early Termination Fee (if applicable) equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Key Tronic Corp)

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Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), Borrowers the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Twin Disc Inc)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.01), Borrowers Borrower shall prepay an aggregate principal amount of Loans equal to all Net Cash Proceeds received therefrom promptly after receipt thereof by such Loan Party or such Subsidiary, plus the Prepayment Premium applicable at the time of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (GSR II Meteora Acquisition Corp.)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries Subsidiary thereof of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), the Borrowers shall prepay an aggregate principal amount of Loans (and Cash Collateralize Letter of Credit Obligations, if applicable) equal to 100% (or such lesser percentage as agreed to by the Administrative Agent in its discretion) of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Ferroglobe PLC)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01 or otherwise consented to by the Required Lenders), the Borrowers shall prepay an aggregate principal amount of Loans (and Cash Collateralize Letter of Credit Obligations, if applicable) equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Purple Innovation, Inc.)

Debt Incurrence. Upon the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.018.01), the Borrowers shall prepay an aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds received therefrom promptly after immediately upon receipt thereof by such Loan Party or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (StarTek, Inc.)

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