Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (vii) below).
Appears in 3 contracts
Samples: Credit Agreement (Riviera Holdings Corp), Credit Agreement (New Century Transportation, Inc.), Credit Agreement (Riviera Holdings Corp)
Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize Cash Collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) % of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (viivi) below).
Appears in 2 contracts
Samples: Credit Agreement and Waiver (Bravo Brio Restaurant Group, Inc.), Credit Agreement (Bravo Brio Restaurant Group, Inc.)
Debt Issuances. Immediately upon receipt by any Credit Consolidated Party or any of its Subsidiaries of proceeds from any Debt Issuance (other than any Excluded Debt Issuance), the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) % of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (vii) below)Issuance.
Appears in 2 contracts
Samples: Credit Agreement (American Seafoods Group LLC), Guarantee Agreement (Isg Resources Inc)
Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries (other than Excluded Joint Ventures) of proceeds from any Debt Issuance, the Borrower Borrowers shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (viivi) below).
Appears in 2 contracts
Samples: Credit Agreement (Innophos Holdings, Inc.), Credit Agreement (Innophos Holdings, Inc.)
Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower Borrowers shall prepay the Loans and/or and cash collateralize the LOC Obligations in an aggregate amount equal to one hundred seventy-five percent (10075%) of the Net Cash Proceeds of such Debt Issuance to the Lenders (such prepayment to be applied as set forth in clause (viivi) below).
Appears in 1 contract
Samples: Credit Agreement (Newark Group Inc)
Debt Issuances. Immediately upon receipt by any Credit Consolidated -------------- Party or any of its Subsidiaries of proceeds from any Debt Issuance (other than any Excluded Debt Issuance), the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) % of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (vii) below)Issuance.
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Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) % of the Net Cash Proceeds of such Debt Issuance to the Lenders (such prepayment to be applied as set forth in clause (viivi) below).
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Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize Cash Collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (vii) below).
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Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize and (after all Revolving Loans have been repaid) Cash Collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (viivi) below).
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Debt Issuances. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (such prepayment to be applied as set forth in clause (viiv) below).
Appears in 1 contract
Samples: Credit Agreement (Benihana Inc)
