Common use of Funds Transfers Clause in Contracts

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Guaranty (Newtek Business Services Inc), Guaranty (Neff Finance Corp.)

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Funds Transfers. If any Guarantor shall engage in any transaction as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets)this Agreement, such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit this Agreement.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Oppenheimer Holdings Inc), Subordinated Credit Agreement (Oppenheimer Holdings Inc)

Funds Transfers. If any Guarantor shall engage in receives cash proceeds as a result of any transaction or event as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement Loan Documents (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to such cash proceeds that are required to be applied to the mandatory prepayment required under the terms of the Credit AgreementLoan Documents.

Appears in 2 contracts

Samples: Guaranty (Biodelivery Sciences International Inc), Guaranty (Biodelivery Sciences International Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which a Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including including, as a result of any issuance or sale of such Guarantor’s Stock or Stock Equivalents or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower the Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Talbots Inc), Guaranty and Security Agreement (Talbots Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor Guarantors shall distribute to, or make a contribution to the capital of, Borrower of one or more of the Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty (Coyne International Enterprises Corp)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Baldwin Piano & Organ Co /De/)

Funds Transfers. If any Guarantor shall engage in any transaction --------------- as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower one or more of the Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty (American Eco Corp)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations Loans under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty (Renaissance Cosmetics Inc /De/)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which Borrower is Borrowers are required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement or the Master Lease (including any issuance or sale of such Guarantor’s 's Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower the Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit AgreementAgreement or the Master Lease.

Appears in 1 contract

Samples: Guaranty (Precision Partners Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which a Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Loan Agreement (including including, as a result of any issuance or sale of such Guarantor’s Stock or Stock Equivalents or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, Borrower the Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Talbots Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Loan Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: Guaranty (Ensign Group, Inc)

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Funds Transfers. If any Guarantor shall engage in any transaction as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which a Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Loan Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: Holding Company Guaranty (Ensign Group, Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, such Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which any Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit Agreement (including any issuance or sale of such Guarantor’s Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

Funds Transfers. If any Guarantor shall engage in any transaction as a result of which the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit this Agreement (including any issuance or sale of such Guarantor’s Capital Stock or any sale of its assets), such Guarantor shall distribute to, or make a contribution to the capital of, the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit this Agreement.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (SOI Holdings, Inc.)

Funds Transfers. If any Guarantor Guarantors shall engage in any transaction as a --------------- result of which Borrower is Borrowers are required to make a mandatory prepayment with respect to the Guaranteed Obligations under the terms of the Credit this Agreement (including any issuance or sale of such a Guarantor’s 's Stock or any sale of its assets), such Guarantor Guarantors shall distribute to, or make a contribution to the capital of, Borrower one or more of the Borrowers in an amount equal to the mandatory prepayment required under the terms of the Credit this Agreement.

Appears in 1 contract

Samples: Post Petition Loan and Guaranty Agreement (Montgomery Ward Holding Corp)

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