Common use of Issuances of Equity Clause in Contracts

Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Sterile Recoveries Inc)

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Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries a Consolidated Party of proceeds from any Equity Issuance other than an Excluded Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to 10050% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries a ------------------- Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Engineered Support Systems Inc)

Issuances of Equity. Immediately upon receipt by the Borrower any Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving 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 (vvii) below).

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries a Consolidated Party of proceeds from any Equity Issuance other than an Excluded Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

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Issuances of Equity. Immediately upon receipt by the Borrower Parent or any of its Subsidiaries Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Extendicare Health Services Inc)

Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries a Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving Loans Term Loan in an aggregate amount equal to 100% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Pluma Inc)

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