Common use of Debt Transactions Clause in Contracts

Debt Transactions. Unless otherwise agreed by the Required Lenders, prepayment will be made on the Loan Obligations in an amount equal to one hundred percent (100%) of the Net Cash Proceeds from any Debt Transactions on the Business Day following receipt thereof.

Appears in 2 contracts

Samples: Credit Agreement (Pfsweb Inc), Credit Agreement (Pfsweb Inc)

AutoNDA by SimpleDocs

Debt Transactions. Unless otherwise agreed by the Required Lenders, prepayment will be made on the Loan Obligations in an amount equal to one hundred percent (100%) of the Net Cash Proceeds from any Debt Transactions occurring after the Closing Date on the Business Day following receipt thereof.

Appears in 1 contract

Samples: Credit Agreement (Premiere Global Services, Inc.)

AutoNDA by SimpleDocs

Debt Transactions. Unless otherwise agreed by the Required Lenders, prepayment will be made on the Loan Obligations in an amount equal to one hundred percent (100%) % of the Net Cash Proceeds from any Debt Transactions occurring after the Closing Date on the Business Day following receipt thereof.

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!