Issuance of Debt or Equity. If any Loan Party or any of its respective Subsidiaries issues Capital Stock or Indebtedness (other than Indebtedness permitted by Sections 6.17(a),(c), (d), (e), (f), (g), (h), (j) and (k)), no later than the Business Day following the date of receipt of any Net Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, the Borrower, or applicable Loan Party, shall prepay the Obligations in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans, third, to pay the principal of the Term Loans and fourth, to pay the principal of the Revolving Loans (including the Swingline Loans) without a concomitant reduction in the Aggregate Revolving Commitment. Notwithstanding the foregoing, so long as the 2010 Parent Indenture is in effect, all or any portion of any Net Cash Proceeds of any such issuance that is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent may be (i) used to consummate Permitted Acquisitions and/or (2) reinvested to repair, rebuild or purchase replacement property, in each case within 12 months after the receipt of such Net Cash Proceeds, and if not so used or reinvested within such period, shall be applied as set forth in the first sentence of this Section 2.15(c).
Issuance of Debt or Equity. If the Domestic Borrower or any of its Domestic Subsidiaries issues Capital Stock or any Domestic Loan Party issues Indebtedness (other than Indebtedness permitted by Sections 6.16(a), (c), (e) and (g)) or if any Domestic Loan Party receives any dividend or distribution from a Person other than a Loan Party, no later than the Business Day following the date of receipt of the Net Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, the Borrower shall prepay the Obligations in an amount equal to all such Net Cash Proceeds, dividends, distributions, loans or advances. Any such prepayment shall be applied first, to pay the principal of the Protective Advances and the Overadvances, second, to pay the principal of the Non-Ratable Loans, third, to pay the principal of the Loans without a concomitant reduction in the Aggregate Commitment, and fourth, to cash collateralize outstanding Domestic Facility LCs.
Issuance of Debt or Equity. If any Loan Party or any of its respective Subsidiaries issues Capital Stock or Indebtedness (other than Indebtedness permitted by Sections 6.17(a),(c), (d), (e), (f), (g), (h), (j) and (k)), no later than the Business Day following the date of receipt of any Net Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, the Borrower, or applicable Loan Party, shall prepay the Obligations in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans, third, to pay the principal of the Term Loans and fourth, to pay the principal of the Revolving Loans (including the Swingline Loans) without a concomitant reduction in the Aggregate Revolving Commitment.
Issuance of Debt or Equity. Notwithstanding any other provisions set forth in the Transaction Documents, except for Exempted Securities, the Company hereby covenants and agrees not to issue any equity or debt securities, or otherwise incur any Indebtedness for period beginning on the date hereof and ending on the date that is sixty (60 days) following the date the Investor Shares may be immediately resold under Rule 144 without restriction on the number of shares to be sold or manner of sale.
Issuance of Debt or Equity. The Company hereby covenants and agrees not issue any equity or debt securities, or otherwise incur any Indebtedness except as permitted by the terms of the Purchase Agreement.
Issuance of Debt or Equity. If or any Borrower or any of its respective Subsidiaries issues Capital Stock (other than Common Stock) or any Loan Party issues Indebtedness (other than Indebtedness permitted by Section 6.16 or if any Loan Party receives any dividend or distribution from a Person other than a Loan Party), no later than the Business Day following the date of receipt of the Net Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, such Loan Party shall prepay the Obligations in an amount equal to all such Net Cash Proceeds, dividends, distributions, loans or advances. Any such prepayment shall be applied first, to pay the principal of the Protective Advances and the Overadvances, second, to pay the principal of the Non-Ratable Loans, third, to pay scheduled principal installments of the Term Loans in inverse order of maturity, fourth, to pay the principal of the Revolving Loans without a concomitant reduction in the Revolving Commitment, and fifth, to cash collateralize outstanding Facility LCs.
Issuance of Debt or Equity. If the Borrower, any of its Subsidiaries -------------------------- or any special purpose financing vehicle established by any of them (i) incurs any Debt (other than (1) refinancing Debt existing on the Closing Date in an amount not to exceed such existing Debt, and (2) Debt that complies with the requirements of subparts (2) or (4) of the definition of "Permitted Debt"), including Private Placement Debt, or (ii) issues any Capital Stock, after the Closing Date, then, in any such case, the Borrower shall pay to the Administrative Agent for the account of the Lenders, unless otherwise agreed by the Required Lenders, as a mandatory prepayment of the Loans (in the manner set forth below), a sum equal to the net cash proceeds received by the Borrower therefrom.
Issuance of Debt or Equity. Unless the Aggregate Combined Commitment has been reduced to an amount equal to or less than $325,000,000, in the event the Borrower, any of its Subsidiaries or any special purpose financing vehicle established by any of them (i) incurs any Debt (other than (1) refinancing Debt set forth on Schedule 6.01 hereto and existing on the Effective Date of the same type and in an amount not to exceed such existing Debt, and (2) Debt that complies with the requirements of subparts (6) or (7) of the definition of Permitted Debt, or (ii) issues any Capital Stock (other than Capital Stock issued in connection with the exercise of stock options in the ordinary course of business and consistent with past practices), after the Effective Date, then, in any such case, the Borrower shall pay to the Administrative Agent for the account of the Lenders and the lenders under the 5-Year Credit Agreement, unless otherwise agreed by the Required Lenders, as a mandatory prepayment of the Loans and the loans under the 5-Year Credit Agreement (in the manner set forth in clause (v) below), a sum equal to the net cash proceeds received by the Borrower therefrom.
Issuance of Debt or Equity. At any time that the Borrower or any of its Subsidiaries shall issue any equity or incur any Indebtedness (exclusive of (i) equity issued to, or Indebtedness payable to, the Borrower or any of its Subsidiaries, (ii) Indebtedness permitted under clauses (b) through (j) of Subsection 7.1.1 (Indebtedness - In General), (iii) equity issued in connection with employee stock option plans in effect on the date of this Agreement, and (iv) equity issued to members of the Xxxxxxxx Family so long as no Default or Event of Default then exists or is caused thereby), the Borrower shall prepay, on the date of such issuance or incurrence thereof, such amount of the Loans as is equal to one hundred percent (100%) of the Net Proceeds of such equity or Indebtedness.
Issuance of Debt or Equity. For so long as any of the -------------------------- Convertible Notes remain outstanding, the Company shall not issue or incur any additional debt or issue equity securities, or options therefor, after the Closing Date, except with the prior written approval of the holders of a majority in principal amount of the then outstanding Convertible Notes.
