Extraordinary Receipts. Within 5 Business Days of the date of receipt by Borrower or any Loan Party of any Extraordinary Receipts, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 50% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.
Appears in 3 contracts
Samples: Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.)
Extraordinary Receipts. Within 5 Business Days of the date of receipt by Borrower or any Loan Party of its Subsidiaries of any Extraordinary ReceiptsReceipts in excess of $250,000 in any fiscal year, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in connection with or in collecting such Extraordinary Receipts.
Appears in 2 contracts
Samples: Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc)
Extraordinary Receipts. Within 5 2 Business Days of the date of receipt by Borrower or any Loan Party or any of its Restricted Subsidiaries of any Extraordinary Receipts, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii2.4(f) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.
Appears in 2 contracts
Samples: Credit Agreement (Glass House Brands Inc.), Credit Agreement (Glass House Brands Inc.)
Extraordinary Receipts. Within 5 Business Days of the date of receipt by Borrower Parent or any Loan Party of its Subsidiaries of any Extraordinary Receipts, Borrower Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.
Appears in 2 contracts
Samples: Term Loan Agreement (Colt Finance Corp.), Credit Agreement (Supreme Industries Inc)
Extraordinary Receipts. Within 5 Business Days of the date of receipt by Borrower or any Loan Party of its Subsidiaries of any Extraordinary ReceiptsReceipts in excess of $2,500,000 in the aggregate during the term of this Agreement, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.
Appears in 1 contract
Extraordinary Receipts. Within 5 Business Days of the date of receipt by any Borrower or any Loan Party of its Subsidiaries of any Extraordinary Receipts, Borrower Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii2.4(f)(i) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.
Appears in 1 contract
Extraordinary Receipts. Within 5 Business Days of the date of receipt by Borrower or any Loan Party of its Subsidiaries of any Extraordinary ReceiptsReceipts in excess of $750,000 in any fiscal year, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 50100% of such Extraordinary Receipts, net of any reasonable expenses incurred in connection with or in collecting such Extraordinary Receipts.
Appears in 1 contract
Samples: Credit Agreement (Appfolio Inc)
