Issuances of Equity. Immediately upon receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ix) below).
Appears in 2 contracts
Samples: Credit Agreement (Galey & Lord Inc), Credit Agreement (Galey & Lord Inc)
Issuances of Equity. Immediately Promptly, upon receipt by a any Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixx) below).
Appears in 2 contracts
Samples: Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc)
Issuances of Equity. Immediately upon receipt by a Credit Party or any Subsidiary of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ix) below).
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Issuances of Equity. Immediately upon receipt by a Credit Consolidated Party of proceeds from any Equity Issuance other than an Excluded Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to prepayments shall be applied as set forth in clause (ixvii) below).
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Issuances of Equity. Immediately upon ------------------- receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixvii) below).
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Issuances of Equity. Immediately upon receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-one hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixviii) below).
Appears in 1 contract
Samples: Fourth Amendment and Forbearance Agreement (BGF Industries Inc)
Issuances of Equity. Immediately Promptly, upon receipt by a any Credit Party or any of their Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixvii) below).
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Issuances of Equity. Immediately upon receipt by a Credit Consolidated Party of proceeds from any Equity Issuance (other than an Excluded Equity Issuance), the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixv) below).
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Issuances of Equity. Immediately Promptly, upon receipt by a any Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixviii) below).
Appears in 1 contract
Samples: Credit Agreement (Gencorp Inc)
Issuances of Equity. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance other than an Excluded Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (all such prepayment prepayments to be applied as set forth in clause (ixSection 3.3(c) below).
Appears in 1 contract
Samples: Credit Agreement (Us Can Corp)
Issuances of Equity. Immediately Promptly, upon receipt by a Credit Party any Borrower or Guarantor or any of their Subsidiaries of proceeds from any Equity Issuance, the Borrower Borrowers shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixvi) below).
Appears in 1 contract
Samples: Term Loan and Security Agreement (Santana Products Inc.)
