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 (other than the issuance of capital stock of the Borrower in connection with the Borrower's purchase of the Acquired Assets), the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below). (iv)

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Equity Issuance (other than the issuance of capital stock of the Borrower in connection with the Borrower's purchase of the Acquired Assets), the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below). (iv).

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Issuances of Equity. Immediately upon receipt by the ------------------- Borrower or any of its Subsidiaries of proceeds from any Equity Issuance (other than the issuance of capital stock of the Borrower in connection with the Borrower's purchase of the Acquired Assets), the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans and Term Loans (to be applied as set forth in Section 3.3(c) below). (iv).

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Issuances of Equity. Immediately upon receipt by the Borrower a Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance (other than the issuance of shares of capital stock of Holdings pursuant to the Borrower in connection with the Borrower's purchase initial public offering of the Acquired Assetscapital stock of Holdings), the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below). (iv)Notwithstanding the

Appears in 1 contract

Samples: Credit Agreement (Ivex Packaging Corp /De/)

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Issuances of Equity. Immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Equity Issuance (other than the issuance of capital stock of the Borrower in connection with the Borrower's purchase of the Acquired Assets)Issuance, the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans, Tranche A Term Loans and Tranche B Term Loans (to be applied as set forth in Section 3.3(c) below). (iv).

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Issuances of Equity. Immediately upon receipt by the Borrower ------------------- or any of its Subsidiaries of proceeds from any Equity Issuance (other than the issuance of capital stock of the Borrower in connection with the Borrower's purchase of the Acquired Assets), the Borrower shall forward 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below). (iv).

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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