Common use of Net Proceeds Offer Clause in Contracts

Net Proceeds Offer. If the Company consummates any Asset Sale, the Company may be required to utilize a portion of the net proceeds received from such Asset Sale to offer to repurchase Notes from the Holders at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest and Liquidated Damages, if any, to the date of repurchase, in accordance with the provisions of the Indenture.

Appears in 2 contracts

Samples: Indenture (Propex International Holdings II Inc.), Nacg Finance LLC

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Net Proceeds Offer. If the Company consummates any Upon certain Asset SaleSales, the Company may be required to utilize a portion of the net proceeds received from such Asset Sale to offer to repurchase Notes from the Holders at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest and Liquidated DamagesAdditional Interest, if any, to the date of repurchase, in accordance with the provisions of the Indenture.

Appears in 1 contract

Samples: North American (Griffiths Pile Driving Inc)

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Net Proceeds Offer. If the Company consummates any Asset Sale, the Company may be required to utilize a portion of the net proceeds received from such Asset Sale to offer to repurchase Notes from the Holders at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest and Liquidated Damages, if any, to the date of repurchase, in accordance with the provisions of the Indenture.

Appears in 1 contract

Samples: Indenture (Propex International Holdings II Inc.)

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