Mandatory Prepayments and Revolving Commitment Reductions. (a) The Borrowers shall repay on the Restatement Effective Date the principal amount of all Loans outstanding under the Existing Credit Agreement (other than Converted U.S. Term Loans) and all accrued and unpaid interest and fees under the Existing Credit Agreement to the Restatement Effective Date.
Mandatory Prepayments and Revolving Commitment Reductions. (a) --------------------------------------------------------- If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment Notice shall be delivered in respect thereof, such Net Cash Proceeds shall be applied on such date toward the reduction of the Revolving Commitments as set forth in Section 2.8(b); provided, that, notwithstanding the foregoing, on each -------- Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the reduction of the Revolving Commitments as set forth in Section 2.8(b).
Mandatory Prepayments and Revolving Commitment Reductions. (a) If any Capital Stock shall be issued by Cedar Fair LP (other than Capital Stock issued to employees and officers of a Group Member pursuant to an established compensation plan) or any capital contribution is made to Cedar Fair LP (other than a capital contribution by any Group Member), an amount equal to 50% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or contribution toward the prepayment of the Term Loans as set forth in Section 4.2(e).
Mandatory Prepayments and Revolving Commitment Reductions. (a) If any Indebtedness shall be issued or incurred by any Group Member other than Excluded Indebtedness, an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the repayment of outstanding Loans and to the reduction of the Revolving Commitments by an amount equal to 100% of such Net Cash Proceeds as set forth in Section 3.2(c).
Mandatory Prepayments and Revolving Commitment Reductions. (a) In the event and on such occasion that the Total Extensions of Credit (other than Protective Advances permitted under Section 3.01(b) and Overadvances permitted under Section 3.01(c)) exceeds the Line Cap (a “Revolving Borrowing Base Shortfall”), the Borrower shall, on such Business Day that the Borrower receives written notice thereof from the Administrative Agent (which written notice the Administrative Agent shall promptly send to the Borrower upon the occurrence of a Revolving Borrowing Base Shortfall) first, prepay any Protective Advances and Overadvances that may be outstanding, second, prepay the outstanding Revolving Loans and third, Cash Collateralize the L/C Exposure in an aggregate amount equal to the Revolving Borrowing Base Shortfall; provided that, if at any time following the occurrence of a Revolving Borrowing Base Shortfall such event ceases to be continuing (as a result of an increase in the Revolving Borrowing Base, the Borrower’s prepayment of Loans or otherwise), the Administrative Agent shall, upon the written request of the Borrower, promptly return such remaining cash collateral to the Borrower.
Mandatory Prepayments and Revolving Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by any Group Member (other than Excluded Indebtedness and any Capital Stock issued to any Group Member, and any issuance of Capital Stock by Holdings, to the extent the Net Cash Proceeds thereof are used to finance a Permitted Acquisition) or any capital contribution is made to any Group Member (other than a capital contribution by any Group Member), an amount equal to 100% (or, in the case of any such issuance of Capital Stock or capital contribution, 50%) of the Net Cash Proceeds (in the case of a issuance of Capital Stock, Net Cash Proceeds less any amount paid to the holders of any Permitted Subordinated Seller Indebtedness) thereof shall be applied on the date of such issuance, incurrence or contribution toward the prepayment of the Term Loans as set forth in
Mandatory Prepayments and Revolving Commitment Reductions. (a) --------------------------------------------------------- If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment Notice shall be delivered in respect thereof within four (4) days following such date, such Net Cash Proceeds shall be applied within four (4) days after such date toward the reduction of the Revolving Commitments as set forth in Section 2.8(b); provided, that, notwithstanding the foregoing, on each Reinvestment -------- Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the reduction of the Revolving Commitments as set forth in Section 2.8(b); provided further, -------- ------- that, the foregoing shall not apply to the sale of inventory by the Borrower or any of its Subsidiaries in the ordinary course of business.
Mandatory Prepayments and Revolving Commitment Reductions. (a) If (i) any Indebtedness is issued or incurred by DASI or any of its Subsidiaries pursuant to Section 7.2(f) or (g), the proceeds of which are not concurrently applied to the other purposes specified in Section 7.2(f) or (g) and (ii) as of the end of the fiscal quarter immediately preceding the issuance or incurrence of such Indebtedness the Senior Leverage Ratio is greater than or equal to 2.00 to 1.00, then an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche C Term Loans and the reduction of the U.S.$ Revolving Commitments as set forth in Section 2.11(d).
Mandatory Prepayments and Revolving Commitment Reductions. (a) If -------------------------------------------------------------- any Capital Stock or Indebtedness shall be issued or incurred by any Group Member (excluding any Indebtedness incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Loans or, in the case of Eurodollar Loans, on the last day of the Interest Period with respect to such Loan, and the reduction of the Revolving Commitments as set forth in Section 2.13(c).
Mandatory Prepayments and Revolving Commitment Reductions. (a) If (i)(A) any Indebtedness is issued or incurred by DASI or any of its Subsidiaries pursuant to Section 7.2(f) or (g), the proceeds of which are not concurrently applied to the other purposes specified in Section 7.2(f) or (g) and (B) as of the end of the fiscal quarter immediately preceding the issuance or incurrence of such Indebtedness the Senior Leverage Ratio is greater than or equal to 2.00 to 1.00, or (ii) any Indebtedness is issued or incurred by DASI or any of its Subsidiaries pursuant to Section 7.2(o), then an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche C Term Loans and the reduction of the U.S.$ Revolving Commitments as set forth in Section 2.11(d)."
