Other Mandatory Repayments. (i) In the event that after the Agreement Date, any Borrower Party shall issue any Equity Interests or shall incur any Funded Debt other than Funded Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid within one (1) Business Day of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Agent Advances, second to repay outstanding Swing Loans, third to repay outstanding Revolving Loans, and fourth, if an Event of Default has occurred and is continuing, to fund the Letter of Credit Reserve Account to the extent of one hundred five percent (105%) of any Letter of Credit Obligations then outstanding. So long as no Event of Default exists, all such other Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(a). Notwithstanding the foregoing, if an Event of Default exists, all such Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(b). The Revolving Loan Commitment shall not be permanently reduced by the amount of any payment of the Agent Advances, Swing Loans or Revolving Loans due under this Section 2.6(c)(i). Nothing in this Section shall authorize any Borrower Party to incur any Funded Debt except as expressly permitted by this Agreement or to issue any Equity Interests except to the extent not prohibited by this Agreement.
Other Mandatory Repayments. (i) In the event that after the Agreement Date, the Borrower shall issue any Capital Stock, shall sell any of its assets (other than sales of Inventory in the ordinary course of its business or pursuant to the Lease Transactions or the Receivables Securitization) or shall incur any Funded Debt other than the Obligations, one hundred percent (100%) of the Net Cash Proceeds received by the Borrower from such issuance, sale or incurrence shall be paid on the date of receipt of the proceeds thereof by the Borrower to the Lenders as a mandatory payment of the Revolving Loans and the Term Loan, on a pro-rata basis. The payment of the Term Loan due hereunder shall be applied to reduce the Term Loan quarterly principal installments set forth in Section 2.6(b) in the inverse order of maturity. The Revolving Loan Commitment shall be permanently reduced by the amount of the payment of the Revolving Loans due hereunder, whether or not such payment is made. Nothing in this Section shall authorize the Borrower to issue any Capital Stock, sell any assets or incur any Funded Debt except as expressly permitted by this Agreement. (ii) Upon the completion of the Subsequent Lease Transaction, one hundred percent (100%) of the Net Cash Proceeds received by the Borrower from such transaction shall be paid on the date of receipt of the proceeds thereof by the Borrower to the Lenders as a mandatory payment of the Loans. Such Net Cash Proceeds in an aggregate amount of up to $43,000,000 shall be applied as a mandatory payment of the Revolving Loans, but shall not reduce the Revolving Loan Commitment. Such Net Cash Proceeds in excess of $43,000,000 shall be applied as a mandatory payment of the Revolving Loans and the Term Loan, and shall reduce the Revolving Loan Commitment, in the manner set forth in Section 2.6(c)(i). (iii) Notwithstanding any other term or condition of this Agreement which may be to the contrary, the Borrower shall reduce the total outstanding amount of the Revolving Loans (including the Swing Loans) to $30,000,000 for a period of not less than forty-five (45) consecutive days during each twelve (12) month period (the "Cleanup Period"), commencing on the Agreement Date and each anniversary of the Agreement Date, during the term of this Agreement. ARTICLE
Other Mandatory Repayments. 4.3.1 Subject to the other subsections of this Section 4.3, if at any time the sum of all Loans outstanding under the Facility exceeds the Maximum Amount the Borrower will immediately repay to the Lender an amount of the applicable Loans outstanding at least equal to that excess.
Other Mandatory Repayments. (i) If at any time the aggregate outstanding principal amount of the Revolving Loans shall exceed the Revolving Loan Commitment in effect at such time, the Borrower shall make a principal repayment of the Revolving Loans in an amount equal to such excess.
Other Mandatory Repayments. (i) In the event that after the Agreement Date, any Borrower Party shall issue any Equity Interests or shall incur any Funded Debt other than Funded Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid within one (1) Business Day of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Agent Advances, second to outstanding Swing Loans and then to repay outstanding Revolving Loans. So long as no Event of Default exists, all such other Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(a). Notwithstanding the foregoing, if an Event of Default exists, all such Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(b). The Revolving Loan Commitment shall not be permanently reduced by the amount of any payment of the Agent Advances, Swing Loans or Revolving Loans due under
Other Mandatory Repayments. In addition to the scheduled repayments set forth in Section 4.1(a), the Borrower shall, upon not less than three (3) Business Days’ prior written notice to the Administrative Agent, repay Borrowings under the Syndicated Facility from each of the sources set forth below:
Other Mandatory Repayments. (i) No later than one hundred twenty (120) days after the end of each fiscal year commencing with the December 2000 fiscal year end of the Borrower, the Borrower shall pay to the Lenders, as a mandatory payment of the Term Loan, a sum equal to such percentage of the Excess Cash Flow for such fiscal year determined based on the Funded Debt/Adjusted EBITDA Ratio as set forth below: If the Funded Debt/Adjusted EBITDA Ratio is: Then the percentage of Excess Cash Flow to be repaid is: Less than 2.50 to 1.00 50 % Equal to or greater than 2.50 to 1.00 75 % The payment due hereunder shall be applied on a pro-rata basis to the principal amount due on the Tranche A Loan and the Tranche B Loan. Any surplus shall be applied first to repay outstanding Swing Loans and then to repay outstanding Revolving Loans. The portion of such payments allocated to the Tranche A Loan shall be applied to reduce the quarterly principal installments set forth in Section 2.6(b) on a pro-rata basis. The portion of such payments allocated to the Tranche B Loan shall be applied to reduce the quarterly principal installments set forth in Section 2.6(c) on a pro-rata basis.
Other Mandatory Repayments. (i) In the event that after the Agreement Date, the Parent shall issue any Equity Interests (other than Equity Interests issued to sellers in connection with any acquisition permitted under Section 8.7(d)) or any Borrower Party shall incur any Total Debt other than Total Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid on the date of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Agent Advances, then outstanding Swing Loans and then to repay outstanding Revolving Loans. Nothing in this Section shall authorize any Borrower Party to issue any Equity Interests or incur any Total Debt except as expressly permitted by this Agreement.
Other Mandatory Repayments. The Borrowers shall also be required to make mandatory repayments of the Loans:
Other Mandatory Repayments. (i) [Intentionally Omitted].
