Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the Company or any of its Subsidiaries, 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 Debt Proceeds or (b) the amount of the Loan.
Net Debt Proceeds. No later than the third (3rd) Business Day following the date of receipt by Borrower of any Net Debt Proceeds, Borrower shall prepay Unreimbursed Amounts and Loans (and, as applicable, Cash Collateralize Letters of Credit) as set forth in Section 2.12(b) (Application of Mandatory Prepayments) in an aggregate amount equal to such Net Debt Proceeds.
Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the Company or any of its Subsidiaries, the Company shall within five Business Days pay to the Agent as a prepayment of the Loan and the Discretionary Credit Obligations to be applied as provided in Section 4.4.2 the lesser of (a) the amount of such Net Debt Proceeds or (b) the sum of (i) the amount of the Loan plus (ii) the amount of the Discretionary Credit Obligations then outstanding.
Net Debt Proceeds. In the event either Borrower receives any Net Debt Proceeds, such Borrower shall (subject to the proviso hereto) within three Business Days of such receipt, deliver to the Administrative Agent a calculation of the amount of such Net Debt Proceeds, and such Borrower shall make a mandatory prepayment of the Term Loans (or if the Term Loans have been repaid in full, prepay the Revolving Loans (and, in respect of all outstanding Revolving Letters of Credit, make deposits in the Deemed Revolving LC Disbursements Collateral Account (if such an account has been established) in an amount equal to the aggregate Stated Amount under such Revolving Letters of Credit if at such time the conditions to issuance in Section 5.3 are not satisfied) or, if the Revolving Loans have been repaid in full and there are no outstanding Revolving Letters of Credit (as to which amounts have not been deposited in the Deemed Revolving LC Disbursements Collateral Account as provided above), prepay the Synthetic Revolving Loans (and, in respect of all outstanding Synthetic Letters of Credit, make deposits in the Deemed Synthetic LC Disbursements Collateral Account (if such an account has been established) in an amount equal to the aggregate Stated Amount under such Synthetic Letters of Credit if at such time the conditions to issuance in Section 5.3 are not satisfied)) in an amount equal to a ratable portion of 100% of the amount of such Net Debt Proceeds based on all outstanding permitted senior secured Indebtedness of the Borrowers that contains a prepayment provision similar to this Section 3.1.1(e); provided that upon written notice by the Cayman Borrower to the Administrative Agent not more than three Business Days following receipt of any Net Debt Proceeds, such proceeds may be retained by the Cayman Borrower (and be excluded from the prepayment requirements of this clause) if:
(i) the Cayman Borrower informs the Administrative Agent in such notice of its good faith intention to apply (or cause one or more of its Subsidiaries to apply) such Net Debt Proceeds to (v) the payment of Capital Expenditures, (w) the payment of ordinary course of business expenses of the Cayman Borrower and its Subsidiaries, (x) the repayment of the Cayman Borrower’s Subordinated Debt outstanding under the Note Purchase Agreement (A) in the case any repayment made or deemed to have been made in connection with any amendment or replacement of the Note Purchase Agreement, in a principal amount for each such r...
Net Debt Proceeds. Within five days prior to the incurrence by the Parent, ATC Holdings, the Company or any of the Company's Subsidiaries of Designated Financing Debt, the Company shall provide written notice to the Lenders of the closing date for such Designated Financing Debt and the amount of the Net Debt Proceeds. Within three Banking Days after the incurrence of such Designated Financing Debt, the Company shall pay to the Managing Agent as a prepayment of the Loan to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Debt Proceeds or (b) the amount of the Loan.
Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the Company, any of its Subsidiaries or any Restricted Affiliates, the Company shall within three Banking Days pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Debt Proceeds or (b) the amount of the Loan.
Net Debt Proceeds. At least fifteen Business Days prior to the incurrence of Indebtedness that would result in Net Debt Proceeds, the Borrower shall provide written notice to the Bank of the estimated closing date for such Indebtedness and the amount of the Net Debt Proceeds. Within one Business Day after the incurrence of such Indebtedness, the Borrower shall pay to the Bank as a prepayment of the Loan to be applied as a permanent reduction of the Maximum Line Availability.
Net Debt Proceeds. In the event the Parent or any such Subsidiary receives any Net Debt Proceeds, the Borrower shall make a mandatory prepayment of the Loans in an amount equal to 100% of such Net Debt Proceeds.
Net Debt Proceeds. Within five days prior to the incurrence of Designated Financing Debt by the Holding Company or any of its Subsidiaries, the Borrower shall provide written notice to the Lenders of the closing date for such Designated Financing Debt and the amount of the Net Debt Proceeds. Within three Banking Days after the incurrence of such Designated Financing Debt, the Borrower shall pay to the Agent as a prepayment of the Loan, to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Debt Proceeds or (b) the amount of the Loan; provided; however, that the Borrower shall be required to pay only 75% of Net Debt Proceeds under this Section 4.3.4 as a result of the issuance of additional Convertible Subordinated Debentures after the Initial Closing Date.
Net Debt Proceeds. Within five days prior to the incurrence of ----------------- Designated Financing Debt by any Obligor, the Company shall provide written notice to the Lenders of the anticipated closing date for such Designated Financing Debt and the amount of the Net Debt Proceeds. Within one Banking Day after the incurrence of Designated Financing Debt, the Company shall pay to the Agent as a prepayment of the Term Loan to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Debt Proceeds or (b) the amount of the Term Loan.
