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)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Debt in excess of $500,000 in any Fiscal Year (other than Net Cash Proceeds from the Subordinated Notes or Debt permitted pursuant to Sections 11.1(c) through 11.1(i)) 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.

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vi4.4(b)(viii) 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 either (A) Debt in excess of $500,000 in any Fiscal Year permitted solely under and incurred under Section 11.1(g) or (other than Net Cash Proceeds from the Subordinated Notes or B) Debt not otherwise permitted pursuant to Sections 11.1(c) through 11.1(i)) 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.

Debt Proceeds. The Borrower Borrowers shall make mandatory principal ------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vi4.4(c)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence issuance of Debt in excess of $500,000 in any Fiscal Year permitted by Section 11.1(c) (other than the Net Cash Proceeds from the Subordinated Notes Debt issued and utilized to finance an Expanded Business Plan or Debt permitted pursuant issued and utilized to Sections 11.1(c) through 11.1(i)replace Tranche 2 Equity) by the Company, any Borrower or any of its Restricted their respective Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds issuance of any such transactionDebt.

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in Section 4.4(b)(vi4.4(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 either (A) Debt in excess of $500,000 in any Fiscal Year permitted solely under and incurred under Section 11.1(g) or (other than Net Cash Proceeds from the Subordinated Notes or B) Debt not otherwise permitted pursuant to Sections 11.1(c) through 11.1(i)) 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.