Net Equity Proceeds. Within three Banking Days after the receipt by the Company or any of its Subsidiaries of Net Equity Proceeds, 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 Equity Proceeds or (b) the amount of the Loan.
Appears in 2 contracts
Samples: Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)
Net Equity Proceeds. Within three Banking Days after the receipt by the Company or any of its Subsidiaries of Net Equity Proceeds, the Borrower shall pay to the Agent as a prepayment of the Loan Loan, to be applied as provided in Section 4.6.2 4.6, the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan. The Company shall give the Agent at least five Banking Days' prior notice of its intention to prepay the Loans, or any portion thereof, under this Section 4.3.3.
Appears in 1 contract
Samples: Credit Agreement (Ameripath Inc)
Net Equity Proceeds. Within three Banking Days after the Upon receipt by the Company or any of its Subsidiaries of Net Equity Proceeds, the Borrower Company shall within three Banking Days 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 Equity Proceeds Prepayment Percentage of such Net Equity Proceeds or (b) the amount of the Term Loan.
Appears in 1 contract
Net Equity Proceeds. Within three Banking Days after the receipt by the Company or any of its Subsidiaries of Net Equity Proceeds, the Borrower shall pay to the Agent as a prepayment of the Loan Loan, to be applied as provided in Section 4.6.2 4.5, the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan. The Company shall give the Agent at least five Banking Days' prior notice of its intention to prepay the Loans, or any portion thereof, under this Section 4.3.3.
Appears in 1 contract
Samples: Credit Agreement (Ameripath Inc)
Net Equity Proceeds. Within three Banking Days after the ------------------- receipt by the Company or any of its Subsidiaries of Net Equity Proceeds, the Borrower shall pay to the Agent as a prepayment of the Loan Loan, to be applied as provided in Section 4.6.2 4.5, the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan. The Company shall give the Agent at least five Banking Days' prior notice of its intention to prepay the Loans, or any portion thereof, under this Section 4.3.3.
Appears in 1 contract
Samples: Credit Agreement (Ameripath Inc)
