Common use of Debt Issuances Clause in Contracts

Debt Issuances. Within five Business Days of the receipt thereof by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(vi) below).

Appears in 3 contracts

Samples: Credit Agreement (Montrose Environmental Group, Inc.), Credit Agreement (Montrose Environmental Group, Inc.), Credit Agreement (Montrose Environmental Group, Inc.)

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Debt Issuances. Within five (5) Business Days of following receipt by the receipt thereof by any Loan Party Borrower or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers Borrower shall prepay the Loans and/or and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(viclause (vi) below).

Appears in 2 contracts

Samples: Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc)

Debt Issuances. Within five (5) Business Days of the following receipt thereof by any a Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers Borrower shall prepay the Loans and/or and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(viclause (vii) below).

Appears in 2 contracts

Samples: Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc)

Debt Issuances. Within five (5) Business Days of the receipt thereof by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(vi) below)Proceeds.

Appears in 2 contracts

Samples: Credit Agreement (Silicon Laboratories Inc), Credit Agreement (Silicon Laboratories Inc)

Debt Issuances. Within five Business Days of the receipt thereof by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(vi) below).

Appears in 1 contract

Samples: Credit Agreement (Montrose Environmental Group, Inc.)

Debt Issuances. Within five Business Days of (5) days after receipt by the receipt thereof by any Loan Party Borrower or any Subsidiary of the its Subsidiaries of Net Cash Proceeds of from any Debt Issuance, the Borrowers Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(viclause (vii) below).

Appears in 1 contract

Samples: Credit Agreement (Team Health Inc)

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Debt Issuances. Within five (5) Business Days of the receipt thereof by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt IssuanceIssuance (other than the issuance of any Permitted Convertible Indebtedness), the Borrowers Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(vi) below)Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Silicon Laboratories Inc)

Debt Issuances. Within five Business Days of the receipt thereof by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrowers shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds (such prepayment to be applied as set forth in Section 2.05(b)(vi2.05(b)(vi)(A) below).

Appears in 1 contract

Samples: Credit Agreement (Montrose Environmental Group, Inc.)

Debt Issuances. Within five Business Days of after receipt by the receipt thereof by any Loan Party Borrower or any Subsidiary of the its Restricted Subsidiaries of Net Cash Proceeds of from any Debt IssuanceIssuance (other than any Debt Issuance permitted pursuant to Section 7.01 of this Agreement), the Borrowers Borrower shall prepay (or cause to be prepaid) the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) % of such the Net Cash Proceeds (of such prepayment to be applied as set forth in Section 2.05(b)(vi) below)Debt Issuance.

Appears in 1 contract

Samples: Credit Agreement (Medassets Inc)

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