Common use of Involuntary Dispositions Clause in Contracts

Involuntary Dispositions. The Borrowers shall prepay the Loan no later than the fifth Business Day following receipt of Net Cash Proceeds, in an amount equal to 100% of the Net Cash Proceeds received from any Involuntary Disposition, provided, that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers shall have the option to invest up to $10,000,000 of the Net Cash Proceeds received from any Involuntary Disposition within 180 days of receipt thereof in assets of the type involved in such Involuntary Disposition or otherwise used in the business of the Parent and its consolidated Subsidiaries or such greater amount as is approved by the Lender in its sole discretion. In the event that such Net Cash Proceeds are not reinvested by the Borrowers prior to the earlier of (A) the last day of such 180-day period and (B) the date of the occurrence of an Event of Default, the Borrowers shall prepay the Loan in an amount equal to 100% of such Net Cash Proceeds.

Involuntary Dispositions. The Borrowers Borrower shall prepay the Term Loan no later than the fifth Business Day following receipt of Net Cash Proceeds, in an amount equal to 100% of the Net Cash Proceeds received from any Involuntary Disposition, providedprovided that, that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers Borrower shall have the option to invest up to $10,000,000 of the Net Cash Proceeds received from any Involuntary Disposition within 180 days of receipt thereof in assets of the type involved in such Involuntary Disposition or otherwise used in the business of the Parent and its consolidated Subsidiaries or such greater amount as is approved by the Lender in its sole discretion. In the event that such Net Cash Proceeds are not reinvested by the Borrowers Borrower prior to the earlier of (A) the last day of such 180-180 day period and (B) the date of the occurrence of an Event of Default, the Borrowers Borrower shall prepay the Term Loan in an amount equal to 100% of such Net Cash Proceeds.

Involuntary Dispositions. The Borrowers shall prepay the Term Loan no later than the fifth Business Day following receipt of Net Cash Proceeds, in an amount equal to 100% of the Net Cash Proceeds received from any Involuntary Disposition, provided, that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers shall have the option to invest up to $10,000,000 of the Net Cash Proceeds received from any Involuntary Disposition within 180 days of receipt thereof in assets of the type involved in such Involuntary Disposition or otherwise used in the business of the Parent and its consolidated Subsidiaries or such greater amount as is approved by the Lender in its sole discretion. In the event that such Net Cash Proceeds are not reinvested by the Borrowers prior to the earlier of (A) the last day of such 180-day period and (B) the date of the occurrence of an Event of Default, the Borrowers shall prepay the Term Loan in an amount equal to 100% of such Net Cash Proceeds.

Involuntary Dispositions. The Borrowers Borrower shall prepay the Loan Advances no later than the fifth Business Day following receipt of Net Cash Proceeds, in an amount equal to one hundred percent (100% %) of the Net Cash Proceeds received from any Involuntary Disposition, providedprovided that, that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers Borrower shall have the option to invest up to $10,000,000 of the Net Cash Proceeds received from any Involuntary Disposition within 180 days of receipt thereof in assets of the type involved in such Involuntary Disposition or otherwise used in the business of the Parent and its consolidated Subsidiaries or such greater amount as is approved by the Lender Agent in its sole discretion. In the event that such Net Cash Proceeds are not reinvested by the Borrowers Borrower prior to the earlier of (A) the last day of such 180-180 day period and (B) the date of the occurrence of an Event of Default, the Borrowers Borrower shall prepay the Loan Advances in an amount equal to (100% %) of such Net Cash Proceeds.