Common use of Debt Incurrence Clause in Contracts

Debt Incurrence. Upon any Debt Incurrence after the Effective Date, the Borrower shall prepay the Loans (and/or provide cover for LC Exposure as specified in Section 2.05(k)), and/or the Revolving Credit Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and/or reduction to be effected in each case in the manner and to the extent specified in clause (vii) of this paragraph.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

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Debt Incurrence. Upon any Debt Incurrence after the Amendment No. 1 Effective DateDate but on or prior to September 30, 2002, the Borrower shall prepay the Loans (and/or provide cover for LC Exposure as specified in Section 2.05(k2.04(k)), and/or the Revolving Credit Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and/or reduction to be effected in each case in the manner and to the extent specified in clause (viivi) of this paragraph.

Appears in 1 contract

Samples: Sinclair Broadcast Group Inc

Debt Incurrence. Upon any Debt Incurrence after the Effective Date, --------------- the Borrower shall prepay the Loans (and/or provide cover for LC Exposure as specified in Section 2.05(k)), and/or the Revolving Credit Commitments and/or the Incremental Revolving Credit Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and/or reduction to be effected in each case in the manner and to the extent specified in clause (viivi) of this paragraph.

Appears in 1 contract

Samples: Chart Industries Inc

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Debt Incurrence. Upon any Debt Incurrence after the Effective --------------- Date, the Borrower shall prepay the Loans (and/or provide cover for LC Exposure as specified in Section 2.05(k)), and/or the Revolving Credit Commitments and/or the Incremental Revolving Credit Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and/or reduction to be effected in each case in the manner and to the extent specified in clause (vii) of this paragraph."

Appears in 1 contract

Samples: Chart Industries Inc

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