Incurrence of Debt; Specified Equity Contributions. Subject to the terms of the Intercreditor Agreement, immediately upon receipt by any Credit Party or any Subsidiary of any Credit Party of the Net Issuance Proceeds of Specified Equity Contributions or the incurrence of Indebtedness (other than Net Issuance Proceeds from the incurrence of Indebtedness permitted hereunder), the Issuer shall within three Business Days prepay the Term Loans by an amount equal to such Specified Equity Contributions or Net Issuance Proceeds, in each instance, for application to the Term Loans, subject to Section 1.8(g), in accordance with Section 1.8(e).
Appears in 4 contracts
Samples: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)
