Common use of Mandatory Prepayments of Term Loans Clause in Contracts

Mandatory Prepayments of Term Loans. (i) If any Indebtedness shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.01), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied within five Business Days of the receipt of such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section 2.12(c)(iii).

Appears in 3 contracts

Samples: Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.)

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Mandatory Prepayments of Term Loans. (i) If any Indebtedness shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.016.01), an amount equal to 100% of the Net Cash Proceeds thereof plus the Applicable Prepayment Premium shall be applied within five Business Days of the receipt of such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section 2.12(c)(iii2.12(c)(iv).

Appears in 2 contracts

Samples: Credit Agreement (Eventbrite, Inc.), Credit Agreement (Eventbrite, Inc.)

Mandatory Prepayments of Term Loans. (ia) If any Indebtedness The Borrower shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.01), apply an amount equal to 100% of the Net Cash Proceeds thereof shall of any incurrence of Indebtedness of any Loan Party (excluding any Indebtedness permitted to be applied within five Business Days incurred under Section 6.02 (other than clause (i) of the receipt of such Net Cash Proceeds toward Section 6.02(aa)) to the prepayment of the Term Loans as set forth in Section 2.12(c)(iii)2.16(e) on the date of such incurrence.

Appears in 1 contract

Samples: Agreement (Federal-Mogul Holdings Corp)

Mandatory Prepayments of Term Loans. (ia) If any Indebtedness shall be incurred by any Group Member after the Borrower or any of its Subsidiaries Funding Date (excluding any Indebtedness incurred in accordance with Section 7.017.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied and paid by the Borrower within five one Business Days of Day after the receipt date of such Net Cash Proceeds incurrence toward the prepayment of the Term Loans as set forth in Section 2.12(c)(iii2.11(d).

Appears in 1 contract

Samples: Credit Agreement (Kadant Inc)

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Mandatory Prepayments of Term Loans. (i) If any Indebtedness shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.016.01), an amount equal to 100% of the Net Cash Proceeds thereof plus the Applicable Prepayment Premium shall be applied within five (5) Business Days of the receipt of such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section 2.12(c)(iii).

Appears in 1 contract

Samples: Credit Agreement (SatixFy Communications Ltd.)

Mandatory Prepayments of Term Loans. (i) If any Indebtedness shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.016.01), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied within five Business Days of the receipt of such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section 2.12(c)(iii2.12(c)(iv).

Appears in 1 contract

Samples: Credit Agreement (Eventbrite, Inc.)

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