Common use of Equity and Debt Issuances Clause in Contracts

Equity and Debt Issuances. Upon any Equity Issuance or Debt Issuance, ------------------------- the Borrower shall prepay the Loans (and/or provide cover for Letter of Credit Liabilities as specified in paragraph (g) below), and the Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and reduction to be effected in each case in the manner and to the extent specified in paragraph (f) of this Section 2.10.

Equity and Debt Issuances. Upon any Equity Issuance or Debt Issuance, ------------------------- the Borrower Borrowers shall prepay the Loans (and/or provide cover for Letter of Credit Liabilities as specified in paragraph (g) below)Loans, and the Commitments shall be subject to automatic reduction, in an aggregate amount equal to 100% of the Net Available Proceeds thereof, such prepayment and reduction to be effected in each case in the manner and to the extent specified in paragraph (fd) of this Section 2.102.09.