Common use of Issuances of Equity Clause in Contracts

Issuances of Equity. Promptly and in any event within five (5) days following the receipt by any Borrower of Net Cash Proceeds from any Equity Issuance occurring after the Closing Date, the Borrowers shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance (such prepayment to be applied as set forth in clause (v) below).

Appears in 2 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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Issuances of Equity. Promptly and in any event within five ------------------- (5) days following the receipt by any the Borrower of Net Cash Proceeds from any Equity Issuance occurring after the Closing Date, the Borrowers 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 (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Issuances of Equity. Promptly and in any event within five ------------------- (5) days following the receipt by any Borrower of Net Cash Proceeds from any Equity Issuance occurring after the Closing Date, the Borrowers shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 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 (Chiquita Brands International Inc)

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Issuances of Equity. Promptly and in any event within five (5) days following the receipt by any the Borrower of Net Cash Proceeds from any Equity Issuance occurring after the Closing Date, the Borrowers 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 (such prepayment to be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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