Common use of Equity Proceeds Clause in Contracts

Equity Proceeds. The Borrowers shall make mandatory principal --------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(v) below in amounts equal to fifty percent (50%) of the aggregate Net Cash Proceeds from any offering of equity securities by any Borrower or any of its Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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Equity Proceeds. The Borrowers Domestic Borrower shall make mandatory principal --------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(v) below in amounts equal to fifty twenty-five percent (5025%) of the aggregate Net Cash Proceeds from any offering of equity securities by any the Domestic Borrower or any of its Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Equity Proceeds. The Borrowers shall make mandatory principal --------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(v) below in amounts equal to fifty percent (50%) of the aggregate Net Cash Proceeds from any offering of equity securities by any Borrower or any of its Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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Equity Proceeds. The Borrowers shall make mandatory principal --------------- prepayments of the Term Loans in the manner set forth in Section 4.4(b)(v) below in amounts equal to fifty one hundred percent (50100%) of the aggregate Net Cash Proceeds from any offering of equity securities by any Borrower or any of its SubsidiariesSubsidiary thereof. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

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