Common use of Debt Proceeds Clause in Contracts

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt permitted pursuant to Section 11.1) by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 3 contracts

Samples: Credit Agreement (Paravant Inc), Credit Agreement (DRS Technologies Inc), Credit Agreement (Paravant Inc)

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Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding other than Debt permitted pursuant to Section 11.111.1 or otherwise permitted by the Required Lenders) by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii2.06(e)(iii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence by any Loan Party of Debt (excluding Debt any Indebtedness not otherwise permitted pursuant to Section 11.1) by the Borrower or any of its Restricted Subsidiaries7.03. Such prepayment shall be made within three (3) Business Days after the date of receipt of such Net Cash Proceeds Proceeds. (This provision shall not be deemed to permit the incurrence of any such transactionIndebtedness not otherwise permitted pursuant to this Agreement.)

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans Loan in the manner set forth in Section 4.4(b)(vii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds in excess of $1,000,000 in the aggregate during any Fiscal Year from any incurrence of Debt (excluding Debt not otherwise permitted pursuant to Section 11.1) , by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Jack in the Box Inc /New/)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal ------------- prepayments of the Term Loans (in the manner set forth in Section 4.4(b)(vii4.4(b)(vi) below below) of the Term Loans in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt permitted pursuant to Section 11.1) by the any Borrower or any of its Restricted SubsidiariesSubsidiaries (except Debt permitted pursuant to Sections 11.1(a) through 11.1(i)). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds consummation of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt Indebtedness permitted pursuant to Section 11.17.03(f) or any other Indebtedness not permitted by the terms of this Agreement by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Texas Roadhouse, Inc.)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal prepayments of the Term Loans (in the manner set forth in Section 4.4(b)(vii) below below) of the Term Loans in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt permitted pursuant to Section 11.1) by the any Borrower or any of its Restricted SubsidiariesSubsidiaries (except Debt permitted pursuant to Sections 11.1(a) through 11.1(i)). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds consummation of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii4.4(b)(v) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt permitted by any Borrower or any Subsidiary thereof pursuant to Section 11.1) by the Borrower or any of its Restricted Subsidiaries11.1(e). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

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Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans Loan in the manner set forth in Section 4.4(b)(vii2.06(e)(v) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding Debt Indebtedness permitted pursuant to Section 11.18.03(h) or otherwise permitted by the Required Lenders, by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Blue Rhino Corp)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal ------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii4.4(b)(v) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt permitted by Section 11.1(c) or any other Debt not permitted hereunder (excluding Debt permitted pursuant but otherwise consented to Section 11.1by the Required Lenders) by the any Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Committed Loans in the manner set forth in Section 4.4(b)(vii2.05(c)(vii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt (excluding certain Debt permitted pursuant to Section 11.1) 7.02 by the Borrower or any of its Restricted Subsidiaries). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii4.4(b)(v) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt not permitted hereunder (excluding Debt permitted pursuant but otherwise consented to Section 11.1by the Required Lenders) by the any Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vii2.06(e)(iii) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence by any Loan Party of Debt (excluding Debt any Indebtedness not otherwise permitted pursuant to Section 11.1) by the Borrower or any of its Restricted Subsidiaries7.03. Such prepayment shall be made within three (3) Business Days after the date of receipt of such Net Cash Proceeds Proceeds. (This provision shall not be deemed to permit the incurrence of any such transactionIndebtedness not otherwise permitted pursuant to this Agreement.)

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

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