Common use of Issuance of Debt Clause in Contracts

Issuance of Debt. On the date of receipt by Company or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company shall prepay the Term Loan as set forth in Section 2.13(a) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 2 contracts

Samples: Financing Agreement (Federal Signal Corp /De/), Financing Agreement (Federal Signal Corp /De/)

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Issuance of Debt. On the date of receipt by Company Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company the Borrowers shall prepay the Term Loan Loans as set forth in Section 2.13(a2.15(b) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts discounts, debt issuance and commitment fees and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Solera Holdings, Inc), Credit and Guaranty Agreement (Solera Holdings LLC)

Issuance of Debt. On the date of receipt by Company or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section SECTION 6.1), Company shall prepay the Term Loan Loans (subject to SECTION 2.10) as set forth in Section 2.13(aSECTION 2.12(a) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Taleo Corp), Credit and Guaranty Agreement (Taleo Corp)

Issuance of Debt. On the date of receipt by Company the Borrower or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company the Borrower or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company Borrower shall prepay the Term Loan as set forth in Section 2.13(a) Loans in an aggregate amount equal to 100[***]% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 2 contracts

Samples: Financing Agreement (BridgeBio Pharma, Inc.), Financing Agreement (BridgeBio Pharma, Inc.)

Issuance of Debt. On the date of receipt by Company Holding or any of its Subsidiaries of any net Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.16.1 from time to time), Holding or the applicable Subsidiary shall contribute such proceeds to Company and Company shall prepay the Term Loan as set forth Loans and reduce Commitments in accordance with Section 2.13(a) 2.15 in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Houghton Mifflin Co)

Issuance of Debt. On the date of receipt by Company Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company shall prepay the Term Loan as set forth in Section 2.13(a) Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-AffiliatesPersons who are not Affiliates of Holdings, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vertex Energy Inc.)

Issuance of Debt. On the date of receipt by Company Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.16.01), Company Borrower shall prepay the Term Loan Loans as set forth in Section 2.13(a2.14(a) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Credit Agreement (Franchise Group, Inc.)

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Issuance of Debt. On the date of receipt by Company or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.16.1(a)-(n)), Company the Applicable Borrower shall prepay the Term Loan Loans as set forth in Section 2.13(a2.14(b) in an aggregate amount equal to one hundred percent (100% %) of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Syntax-Brillian Corp)

Issuance of Debt. On the date of receipt by Company Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company the Companies shall prepay the Term Loan Loans as set forth in Section 2.13(a2.14(b) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.)

Issuance of Debt. On the date of receipt by Company the Borrower or any of its Subsidiaries of any net Cash proceeds from the incurrence of any Indebtedness of Company the Borrower or any of its Subsidiaries (including any Take Out Securities but other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company the Borrower shall prepay the Term Loan Loans as set forth in Section 2.13(a2.14(a) in an aggregate amount equal to 100% of such net Cash proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses.

Appears in 1 contract

Samples: Senior Subordinated Bridge Loan Agreement (Source Interlink Companies Inc)

Issuance of Debt. On the date of receipt by Company or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Company shall prepay the Term Loan Obligations as set forth in Section 2.13(a2.14(b) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses, which amount shall include the applicable Prepayment Premium (if any) on the Obligations so prepaid.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Speed Commerce, Inc.)

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