Net Asset Sale Proceeds. Upon receipt by the Company or any of its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7, the Company shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.
Appears in 1 contract
Net Asset Sale Proceeds. Upon receipt by the Company or any of ----------------------- its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7Proceeds, the Company Borrowers shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 4.6.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.
Appears in 1 contract
Samples: Credit Agreement (Westower Corp)
Net Asset Sale Proceeds. Upon receipt of Net Asset Sale Proceeds by the Company or any of its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7Subsidiaries, the Company Borrower shall within one Banking Day pay to the Agent as a prepayment of the Loan Loans to be applied as provided in Section 4.5.2 4.1.4 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the LoanLoans.
Appears in 1 contract
Net Asset Sale Proceeds. Upon receipt by the Company or any of its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7Proceeds, the Company shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.
Appears in 1 contract
