Common use of Involving a Company Prior to an Event of Default Clause in Contracts

Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred and be continuing, each Mandatory Prepayment required to be made pursuant to subsection (c) hereof shall be applied on a pro rata basis to the remaining principal amortization payments of the Term Loan and the Additional Term Loan Facility (if any) (ratably according to the outstanding principal amount thereunder), until paid in full.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Ignite Restaurant Group, Inc.)

AutoNDA by SimpleDocs

Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred and be continuingoccurred, each Mandatory Prepayment required to be made pursuant to subsection (c) hereof shall be applied on a pro rata basis to the remaining principal amortization payments of the Term Loan and the Additional Term Loan Facility (if any) (ratably according to the outstanding principal amount thereunder)Loan, until paid in full.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Netscout Systems Inc)

Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred and be continuingexist, each Mandatory Prepayment required to be made pursuant to subsection (c) hereof shall be applied (A) first, on a pro rata basis to the remaining principal amortization payments of among the Term Loan and the each Additional Term Loan Facility (if any) (ratably according to the outstanding principal amount thereunder), until paid in full, and (B) second, to any outstanding Revolving Loans.

Appears in 1 contract

Samples: Credit and Security Agreement (Universal Logistics Holdings, Inc.)

Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred and be continuing, each Mandatory Prepayment required to be made pursuant to subsection (ce) hereof shall be applied on a pro rata basis (A) first, to the remaining principal amortization payments of the Term Loan Loan, until paid in full, and the (B) second, to any Additional Term Loan Facility (if any) (ratably according to the outstanding principal amount thereunder)Facility, until paid in full.

Appears in 1 contract

Samples: Credit and Security Agreement (DMC Global Inc.)

AutoNDA by SimpleDocs

Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred and be continuingoccurred, each Mandatory Prepayment required to be made pursuant to subsection (cb) hereof shall be applied on a pro rata basis (A) first, to the remaining principal amortization payments of the Term Loan and the Additional Term Loan Facility (if any) (ratably according to the outstanding principal amount thereunder)Loan, until paid in full, and (B) second, to any outstanding Revolving Loans.

Appears in 1 contract

Samples: Credit and Security Agreement (AvidXchange Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!