Issuances of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).
Appears in 3 contracts
Samples: Credit Agreement (Chic by H I S Inc), Credit Agreement (Sports & Recreation Inc), Credit Agreement (Jumbosports Inc)
Issuances of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward prepay Loans in an amount equal to 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (all such prepayments to be applied as set forth in Section 3.3(c) below).
Appears in 1 contract
Samples: Credit Agreement (Us Can Corp)
