Mandatory Prepayments Under Term Loan I Sample Clauses

Mandatory Prepayments Under Term Loan I. The net cash proceeds (which for purposes hereof shall mean the gross selling price or amounts received less transfer and gains taxes, conveyance fees imposed by governmental authorities, brokerage fees, reasonable legal fees and other reasonable fees and expenses of the transaction, including litigation and negotiation costs reasonably related to the transaction, and income taxes incurred as a result of the transaction) available to Borrower as a result of (i) any asset sales permitted by Section 6.15 hereof, other than finished goods in the ordinary course of business and except to the extent any other assets disposed of pursuant to Section 6.15 are replaced or the proceeds of investments are reinvested as permitted hereby, (ii) any condemnation awards, (iii) any casualty loss insurance recoveries to the extent the affected assets are not replaced in accordance with the provisions of Section 5.6 hereof, (iv) Excess Cash Flow for any given fiscal year, or (v) any adjustment in favor of Borrower in the purchase price payable by Borrower in connection with the ▇▇▇▇▇▇▇▇▇ Acquisition occurring after the Closing Date, shall, with respect to amounts described in subparagraphs (i) through (v), be paid to Lenders in the amount of their respective Pro Rata Share within ten (10) days after receipt thereof by Borrower and with respect to any Excess Cash Flow, within fifteen (15) days of delivery of the Financial Statements for the applicable fiscal year of Borrower, which amounts each Lender shall apply to the regularly scheduled principal payments on Term Loan I until paid, in inverse order of the stated maturity of principal payments thereof. No premium shall be due on any payment made in compliance with this Section 2.9(d).