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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, one or more of the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 3 contracts

Samples: Second Lien Guaranty (RadNet, Inc.), Guaranty (Primedex Health Systems Inc), Second Lien Guaranty (Primedex Health Systems 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 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, one or more of the such Borrower an amount equal to the mandatory prepayment required under the terms of the Credit this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Tarrant Apparel Group), Credit Agreement (Tarrant Apparel Group)

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 (including any issuance or sale of such Guarantor's Stock or any sale of its assets), such Guarantor shall distribute toto Borrowers an amount, or make a contribution to the capital ofof Borrowers in an amount, one or more of the Borrower an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guarantee (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 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, one or more of the Borrower Borrower, in an amount equal to the mandatory prepayment required under the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty (United Shipping & Technology Inc)