Common use of Mandatory Prepayment Events Clause in Contracts

Mandatory Prepayment Events. Promptly, and in any event within fifteen (15) Business Days after the occurrence of such event, a report describing in reasonable detail the (A) occurrence of any disposition of Property or assets for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(i) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, (B) occurrence of the issuance by any Loan Party of any of its stock or other Equity Interests for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(ii), (C) occurrence of the incurrence or issuance by any Loan Party of any Debt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iii), (D) receipt of any Extraordinary Receipt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iv) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, in each case together with the amount of the corresponding mandatory prepayment required to be made pursuant to Section 2.8(d)(i), (ii), (iii) or (iv), as applicable;

Appears in 2 contracts

Samples: Credit Agreement (LandBridge Co LLC), Credit Agreement (LandBridge Co LLC)

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Mandatory Prepayment Events. Promptly, and in any event within fifteen (15) Business Days after the occurrence of such event, a report describing in reasonable detail the (A) occurrence of any disposition of Property or assets for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(i2.9(d)(i) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, (B) occurrence of the issuance by any Loan Party of any of its stock or other Equity CREDIT AGREEMENT – Page 70 0000-0000-0000.5 Interests for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(ii2.9(d)(ii), (C) occurrence of the incurrence or issuance by any Loan Party of any Debt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iii2.9(d)(iii), (D) receipt of any Extraordinary Receipt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iv2.9(d)(iv) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, in each case together with the amount of the corresponding mandatory prepayment required to be made pursuant to Section 2.8(d)(i2.9(d)(i), (ii), (iii) ), or (iv), as applicable;

Appears in 1 contract

Samples: Credit Agreement (Cryo Cell International Inc)

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Mandatory Prepayment Events. Promptly, and in any event within fifteen (15) Business Days after the occurrence of such event, a report describing in reasonable detail the (A) occurrence of any disposition of Property or assets for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(i) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, (B) occurrence of the issuance by any Loan Party of any of its stock or other Equity Interests for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(ii), (C) occurrence of the incurrence or issuance by any Loan Party of any Debt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iii), (DC) receipt of any Extraordinary Receipt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iv) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, in each case together with the amount of the corresponding mandatory prepayment required to be made pursuant to Section 2.8(d)(i), (ii), (iii) or (iv), as applicable;

Appears in 1 contract

Samples: Credit Agreement (LandBridge Co LLC)

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