Common use of Dispositions and Involuntary Dispositions Clause in Contracts

Dispositions and Involuntary Dispositions. The Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions and Involuntary Dispositions to the extent such Net Cash Proceeds are not reinvested in Eligible Assets within 360 days of the date of such Disposition or Involuntary Disposition; provided, however, the Borrower shall be permitted to retain Net Cash Proceeds from Dispositions in an aggregate amount not to exceed $10,000,000 in any fiscal year. Any prepayment pursuant to this clause (ii) shall be applied as set forth in clause (iv) below.

Appears in 2 contracts

Samples: Credit Agreement (Wright Medical Group Inc), Credit Agreement (Wright Medical Group Inc)

AutoNDA by SimpleDocs

Dispositions and Involuntary Dispositions. The Borrower shall immediately prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions (other than Permitted Transfers and Dispositions permitted by Section 8.05(c)) and Involuntary Dispositions to the extent (A) such Net Cash Proceeds are not reinvested in Eligible Assets within 360 270 days of the date of such Disposition or Involuntary Disposition; provided, however, Disposition or (B) the Borrower shall be permitted to retain aggregate amount of such Net Cash Proceeds from Dispositions in an aggregate amount not to exceed so reinvested exceeds $10,000,000 in during any fiscal year. Any prepayment pursuant to this clause (ii) shall be applied as set forth in clause (iviii) below.

Appears in 1 contract

Samples: Credit Agreement (Fortress Investment Group LLC)

Dispositions and Involuntary Dispositions. The Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions and Involuntary Dispositions to the extent such Net Cash Proceeds are not reinvested in Eligible Assets within 360 180 days of the date of such Disposition or Involuntary Disposition; provided, however, the Borrower shall be permitted to retain Net Cash Proceeds from Dispositions in an aggregate amount to the extent such Net Cash Proceeds do not to exceed $10,000,000 4,000,000 in the aggregate in any fiscal fixed year. Any prepayment pursuant to this clause (ii) shall be applied as set forth in clause (ivv) below.

Appears in 1 contract

Samples: Credit Agreement (Online Resources Corp)

Dispositions and Involuntary Dispositions. The Borrower Borrowers shall immediately prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions (other than Permitted Transfers and Dispositions permitted by Section 8.05(c)) and Involuntary Dispositions to the extent (A) such Net Cash Proceeds are not reinvested in Eligible Assets within 360 270 days of the date of such Disposition or Involuntary Disposition; provided, however, Disposition or (B) the Borrower shall be permitted to retain aggregate amount of such Net Cash Proceeds from Dispositions in an aggregate amount not to exceed so reinvested exceeds $10,000,000 in during any fiscal year. Any prepayment pursuant to this clause (ii) shall be applied as set forth in clause (iviii) below.

Appears in 1 contract

Samples: Credit Agreement (Fortress Investment Group LLC)

AutoNDA by SimpleDocs

Dispositions and Involuntary Dispositions. The Borrower Borrowers shall immediately prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions (other than Permitted Transfers and Dispositions permitted by Section 8.05(b)) and Involuntary Dispositions to the extent (A) such Net Cash Proceeds are not reinvested in Eligible Assets within 360 270 days of the date of such Disposition or Involuntary Disposition; provided, however, Disposition or (B) the Borrower shall be permitted to retain aggregate amount of such Net Cash Proceeds from Dispositions in an aggregate amount not to exceed so reinvested exceeds $10,000,000 in 2,000,000 during any fiscal year. Any prepayment pursuant to this clause (ii) shall be applied as set forth in clause (ivv) below.

Appears in 1 contract

Samples: Credit Agreement (Fortress Investment Group Holdings LLC)

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