Dispositions of Collateral. Within three (3) Business Days of the receipt by the Parent or any of its Subsidiaries of any Net Proceeds from a Disposition of Collateral not permitted by Section 6.04, the Borrower shall prepay the Loans in an amount equal to 100% of such Net Proceeds.
Appears in 37 contracts
Samples: Restatement Agreement (Jetblue Airways Corp), Restatement Agreement (United Airlines, Inc.), Loan and Guarantee Agreement (Frontier Group Holdings, Inc.)
Dispositions of Collateral. Within three (3) Business Days of the receipt by the Parent or any of its Subsidiaries of any Net Proceeds from a Disposition of Collateral not permitted by Section 6.04β6.04, the Borrower shall prepay the Loans in an amount equal to 100% of such Net Proceeds.
Appears in 7 contracts
Samples: Loan and Guarantee Agreement (Jetblue Airways Corp), Restatement Agreement (Skywest Inc), Loan and Guarantee Agreement (Skywest Inc)
