Extraordinary Receipt. Upon any Extraordinary Receipt (which, when taken with all other Extraordinary Receipts received after the Commitment Termination Date, exceeds $5,000,000 in the aggregate) received by or paid to or for the account of the Borrower or any of its Subsidiaries (other than a Financing Subsidiary), and not otherwise included in clauses (i), (ii) or (iii) of this Section 2.10(d), the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).
Extraordinary Receipt. Upon any Extraordinary Receipt received by or paid to or for the account of the Parent or any of its Restricted Subsidiaries, and not otherwise included in clauses (iv) or (v) of this Section 2.05(b), and which results in the receipt by the Parent and its Restricted Subsidiaries of aggregate Net Cash Proceeds in excess of $25,000,000 in any fiscal year, the Borrowers shall prepay an aggregate principal amount of Term Loans equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by the Parent or such Restricted Subsidiary (such prepayments to be applied as set forth in clause (vii) below); provided, however, that with respect to any proceeds of insurance, condemnation awards (or payments in lieu thereof) or indemnity payments, at the election of the Company (as notified by the Company to the Administrative Agent prior to or promptly after the date of receipt of such insurance proceeds, condemnation awards or indemnity payments), the Parent or any Restricted Subsidiary may apply such Net Cash Proceeds, within three hundred and sixty-five (365) days following receipt of such Net Cash Proceeds (or, if the Parent or the relevant Restricted Subsidiary, as applicable, has contractually committed within 365 days following receipt of such Net Cash Proceeds to apply such Net Cash Proceeds, 545 days following receipt of such Net Cash Proceeds), to replace or repair the equipment, fixed assets or real property in respect of which such cash proceeds were received or to reinvest in operating assets; and provided further, however, that any cash proceeds not so applied shall be immediately applied to the prepayment of the Term Loans as set forth in Section 2.05(b)(vii).
Extraordinary Receipt. Upon any Extraordinary Receipt (which, when taken with all other Extraordinary Receipts received after the Commitment Termination Date, exceeds $5,000,000 in the aggregate) received by or paid to or for the account of the Borrower or any of its Subsidiaries (other than a Financing Subsidiary), and not otherwise included in clause (i), (ii) or (iii) of this Section 2.10(d), the Borrower shall prepay Loans and/or Cash Collateralize outstanding Letters of Credit in an aggregate principal amount equal to 100% of all Net Cash Proceeds received therefrom (and the Commitments shall be permanently reduced by such amount of Loans prepaid) no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).
Extraordinary Receipt. Upon any Extraordinary Receipt (which, when taken with all other Extraordinary Receipts received after the applicable Commitment Termination Date, exceeds $7,500,000 in the aggregate (which aggregate amount shall reset to $0 on the Extended Commitment Termination Date)) received by or paid to or for the account of the Borrower or any of its Subsidiaries (other than a Financing Subsidiary), and not otherwise included in clause (i), (ii) or (iii) of this Section 2.10(e), the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds.
Extraordinary Receipt. On the date of any Obligor's receipt of Net Cash Proceeds of any Extraordinary Receipt, the Company shall cause one or more Borrowers on such date to prepay Loans in an aggregate amount equal to the lesser of (i) the Net Cash Proceeds of such Extraordinary Receipt or (ii) the Loans then outstanding, together with any amount required to be paid in connection therewith pursuant to Section 5.12.
Extraordinary Receipt. Immediately upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Extraordinary Receipt, the Borrower shall prepay the Loans and/or cash collateralize LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Extraordinary Receipt (such prepayment to be applied as set forth in clause (vii) below); provided, however, that, so long as no Default or Event of Default has occurred and is continuing, such Net Cash Proceeds shall not be required to be so applied to the extent the Borrower delivers to the Administrative Agent a certificate stating that Credit Parties intend to use such Net Cash Proceeds to acquire assets useful to the business of the Credit Parties within 365 days of the receipt of such Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not so reinvested within such time period shall be applied to prepay the Loans and/or cash collateralize the LOC Obligations immediately after the expiration of such 365 day period (such prepayment to be applied as set forth in clause (vii) below).
Extraordinary Receipt. Any cash received by or paid to or for the account of any Person not in the ordinary course of business, including tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost earnings), condemnation and eminent domain awards (and payments in lieu thereof), indemnity payments and any purchase price adjustments. Fiscal Quarter. Each quarterly accounting period of the Borrower in any Fiscal Year. Fiscal Year. The accounting year of the Borrower, commencing on January 1 and ending on December 31 in each calendar year. Fixed Rate. 10% per annum.
Extraordinary Receipt. On any Business Day that any Subsidiary Borrower receives proceeds of any Extraordinary Receipt, (i) such Subsidiary Borrower shall prepay the outstanding principal amount of its Loan by an amount equal to 100% of the Net Cash Proceeds of such Extraordinary Receipt, and (ii) if there remain any Net Cash Proceeds from such Extraordinary Receipt in the event that such prepayment results in the prepayment in full of such Subsidiary Borrower's Loan, then, in such event the other Subsidiary Borrowers shall be required to ratably prepay a principal amount of their respective outstanding Loans in an aggregate amount equal to the remaining proceeds (it being agreed that the Subsidiary Borrower that received such Extraordinary Receipt and prepaid its Loan in full with the proceeds thereof may advance the remaining Net Cash Proceeds of such Extraordinary Receipt in the form of intercompany loans to each other Subsidiary Borrower (constituting Subordinated Intercompany Debt of such other Subsidiary Borrowers) to enable such other Subsidiary Borrowers to make such required prepayments).
Extraordinary Receipt. Promptly (but in any event within ten (10) Business Days) after receipt by Borrower or any of its Included Subsidiaries of any Extraordinary Receipt, a written statement describing the amount and source of such Extraordinary Receipt, and the Net Proceeds thereof;
Extraordinary Receipt. Promptly upon receipt by any Credit Party or any of its Subsidiaries of proceeds from any Extraordinary Receipt, the Credit Parties shall prepay the Revolving Loans in an aggregate amount equal to one hundred percent (100%) of the net cash proceeds of such Extraordinary Receipt.
