Common use of Issuances of Equity Clause in Contracts

Issuances of Equity. Immediately upon receipt by 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 50% of the Net Cash Proceeds of such Equity Issuance (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 Promptly, upon receipt by a Consolidated any Credit Party or any of its Subsidiaries 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 50% of the Net Cash Proceeds of such Equity Issuance (such prepayment to be applied as set forth in clause (vviii) below).

Appears in 1 contract

Samples: Credit Agreement (Gencorp Inc)

Issuances of Equity. Immediately upon receipt by 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 50% of the Net Cash Proceeds of such Equity Issuance (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Steel Heddle International Inc)

Issuances of Equity. Immediately upon receipt by a Consolidated Credit Party or any of its Subsidiaries 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 50% of the Net Cash Proceeds of such Equity Issuance (all such prepayment prepayments to be applied as set forth in clause (vSection 3.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Issuances of Equity. Immediately upon receipt by 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 50100% of the Net Cash Proceeds of such Equity Issuance (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 a Consolidated Credit 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 50% of the Net Cash Proceeds of such Equity Issuance (such prepayment to be applied as set forth in clause (vvi) below).

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Issuances of Equity. Immediately upon receipt by 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 50% of the Net Cash Proceeds of such Equity Issuance (such prepayment to prepayments shall be applied as set forth in clause (vvii) below).

Appears in 1 contract

Samples: Credit Agreement (Insight Health Services Corp)

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