Issuance of Debt. No later than the first Business Day following the date of receipt by any Loan Party of any Net Cash Proceeds from the incurrence of any Indebtedness of any Loan Party (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.01), the Borrower shall prepay (subject to the payment of any prepayment premium set forth in Section 2.06(b)) the Loans as set forth in Section 2.08 in an aggregate amount equal to 100% of such Net Cash Proceeds.
Appears in 5 contracts
Samples: Credit Agreement (FreightCar America, Inc.), Credit Agreement (Pacific Investment Management Co LLC), Credit Agreement (Pacific Investment Management Co LLC)
Issuance of Debt. No later than the first Business Day following the date of receipt by any Loan Party Group Member of any Net Cash Proceeds from the incurrence of any Indebtedness of any Loan Party Group Member (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.01), ) the Borrower shall prepay (subject to the payment of any prepayment premium set forth in Section 2.06(b2.09(c)) the Loans as set forth in Section 2.08 2.11(b) in an aggregate amount equal to 100% of such Net Cash Proceeds.
Appears in 5 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
Issuance of Debt. No later than the first Business Day following the date of receipt by any Loan Party Group Member of any Net Cash Proceeds from the incurrence of any Indebtedness of any Loan Party Group Member (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.01), ) the Borrower shall prepay (subject to the payment of any prepayment premium set forth in Section 2.06(b)) the Loans as set forth in Section 2.08 2.11(b) in an aggregate amount equal to 100% of such Net Cash Proceeds.
Appears in 2 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
Issuance of Debt. No later than the first Business Day following the date of receipt by any Loan Party or any other Restricted Subsidiary of any Net Cash Proceeds from the incurrence of any Indebtedness of any Loan Party (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.01), the Borrower shall prepay (subject to the payment of any prepayment premium Make Whole Premium or Prepayment Premium set forth in Section 2.06(b2.09(b)) the Loans as set forth in Section 2.08 in an aggregate amount equal to 100100.0% of such Net Cash Proceeds.
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