Disposal Proceeds. (a) Upon the occurrence of a Disposal: (i) the Obligors’ Agent shall as soon as reasonably practicable notify the Facility Agent upon becoming aware of that event; and (ii) any Borrower shall apply all Disposal Proceeds or cause all Disposal Proceeds to be applied towards the prepayment of the relevant Loans within fourteen (14) days following the receipt of such Disposal Proceeds in the order of application contemplated by Clause 9.8 (Application of prepayments).
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Samples: Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)
Disposal Proceeds. (a) Upon the occurrence of a Disposal:
(i) the Obligors’ Agent shall as soon as reasonably practicable notify the Facility Agent upon becoming aware of that event; and
(ii) any Borrower shall apply all Disposal Proceeds or cause all Disposal Proceeds to be applied towards the prepayment of the relevant Loans within fourteen (14) days following the receipt of such Disposal Proceeds in the order of application contemplated by Clause 9.8 9.9 (Application of prepayments).
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