Net Cash Proceeds of Incurrence of Debt. The Borrower shall prepay the Term Loan in an amount equal to 100% of the Net Cash Proceeds if, after the Closing Date, the Borrower or any Subsidiary shall issue any Debt of any Loan Party (excluding Debt permitted by Section 11.1 hereof) if a Default or Event of Default then exists or would result therefrom. The Borrower acknowledges that its performance hereunder shall not limit the rights and remedies of the Loan Parties for any breach of Section 11.1 hereof or any other terms of the Loan Documents.
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Samples: Credit Agreement (Primoris Services Corp), Credit Agreement, Credit Agreement (Primoris Services Corp)
Net Cash Proceeds of Incurrence of Debt. The Borrower shall prepay the Term Loan Loans in an amount equal to 100% of the Net Cash Proceeds ifModified Ratable Portion, after the Closing Date, the Borrower or any Subsidiary shall issue any Debt of any Loan Party (excluding Debt permitted by Section 11.1 hereof) if that gives rise to a Modified Ratable Portion and Default or Event of Default then exists or would result therefrom. The Borrower acknowledges that its performance hereunder shall not limit the rights and remedies of the Loan Parties for any breach of Section 11.1 hereof or any other terms of the Loan Documents.
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Net Cash Proceeds of Incurrence of Debt. The Borrower shall prepay the Term Loan Loans in an amount equal to 100% of the Net Cash Proceeds Modified Ratable Portion if, after the Closing Date, the Borrower or any Subsidiary shall issue any Debt of any Loan Party (excluding Debt permitted by Section 11.1 hereof) if that gives rise to a Modified Ratable Portion and a Default or Event of Default then exists or would result therefrom. The Borrower acknowledges that its performance hereunder shall not limit the rights and remedies of the Loan Parties for any breach of Section 11.1 hereof or any other terms of the Loan Documents.
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