Common use of Debt Incurrence Clause in Contracts

Debt Incurrence. Upon any Debt Incurrence, the Borrower shall prepay the Loans, and/or the 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 paragraph (e) of this Section 2.09.

Appears in 2 contracts

Samples: Credit Agreement (International Telecommunication Data Systems Inc), Credit Agreement (International Telecommunication Data Systems Inc)

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Debt Incurrence. Upon any Debt Incurrence, the Borrower shall prepay the Loans, and/or the 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 paragraph clause (evii) of this Section 2.09paragraph.

Appears in 1 contract

Samples: Credit Agreement (CCPR Services Inc)

Debt Incurrence. Upon any Debt Incurrence, the Borrower shall prepay the Loans, and/or the 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 paragraph clause (ec) of this Section 2.09Section.

Appears in 1 contract

Samples: Loan Agreement (NRG Energy Inc)

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Debt Incurrence. Upon any Debt Incurrence, the Borrower shall prepay the Loans, and/or the 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 paragraph clause (ev) of this Section 2.09paragraph.

Appears in 1 contract

Samples: Credit Agreement (Collegiate Funding Services Inc)

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