Common use of Material Recovery Event Clause in Contracts

Material Recovery Event. In the event Parent, the Borrower or any of its Subsidiaries (or the Administrative Agent as loss payee or assignee) receives property or casualty insurance proceeds and/or a condemnation or similar payment (relating to one event, condition or transaction or a series of related events, conditions or transactions),

Appears in 2 contracts

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

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Material Recovery Event. In the event Parent, Holdings, the Borrower or any of its Subsidiaries (or the Administrative Agent as loss payee or assignee) receives property or casualty insurance proceeds and/or a condemnation or similar payment (relating to one event, condition or transaction or a series of related events, conditions or transactions),

Appears in 1 contract

Samples: Credit Agreement (Greatbatch, Inc.)

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Material Recovery Event. In the event Parent, the Borrower Parent or any of its Subsidiaries (or the Administrative Agent as loss payee or assignee) receives property or casualty insurance proceeds and/or a condemnation or similar payment (relating to one event, condition or transaction or a series of related events, conditions or transactions),

Appears in 1 contract

Samples: Credit Agreement (Greatbatch, Inc.)

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