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.
Appears in 2 contracts
Samples: Credit Agreement (Nextera Enterprises Inc), Credit Agreement (Nextera Enterprises Inc)
Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the Company or any of its Subsidiaries, 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 the lesser of (a) the amount of such Net Debt Proceeds or (b) the amount of the Loan.
Appears in 1 contract
Samples: Credit Agreement (Marquee Group Inc)
Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the Company or any of its Subsidiaries, 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 Debt Proceeds or (b) the amount of the LoanLoans.
Appears in 1 contract
Net Debt Proceeds. Upon receipt of Net Debt Proceeds by the ----------------- Company or any of its Subsidiaries, 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 Debt Proceeds or (b) the amount of the Loan.
Appears in 1 contract
Samples: Credit Agreement (Westower Corp)
