Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Commitments pursuant to Sections 2.12(a) through 2.12(c), Company shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company shall promptly make an additional prepayment of the Loans and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Company shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Focal Communications Corp)

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Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or or reduction of the Commitments pursuant to Sections 2.12(a) through 2.12(c2.12(a)-(f), Company Administrative Borrower shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or proceeds, Consolidated Excess Cash FlowFlow or other applicable financial tests or proceeds giving rise to the prepayment, as the case may be. In the event that Company any Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company Borrowers shall promptly make an additional prepayment of the Loans and/or or, prior to the Funding Date, the Commitments shall be permanently reduced in an amount equal to such excess, and Company Administrative Borrower shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Vonage Holdings Corp), Credit and Guaranty Agreement (Vonage Holdings Corp)

Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a2.13(a) through 2.12(c2.13(e), Company shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash FlowFlow and compensation owing to Lenders under Section 2.10(e), if any, as the case may be. In the event that Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company shall promptly make an additional prepayment of the Loans and/or the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Company shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.. Credit and Guaranty Agreement

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Del Frisco's Restaurant Group, LLC)

Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Commitments pursuant to Sections 2.12(a2.11(a) through 2.12(c2.11(i), Company the Companies shall deliver to Administrative Agent (which Administrative Agent who shall promptly furnish forward to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Company the Companies shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company the Companies shall promptly make an additional prepayment of the Loans and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Company the Companies shall concurrently therewith deliver to Administrative Agent (which Administrative Agent who shall promptly furnish forward to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Lease Agreement (OneWater Marine Inc.)

Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a2.15(a) through 2.12(c2.15(e), Company Borrower shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish with a copy to each LenderCollateral Agent) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Company Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company Borrower shall promptly make an additional prepayment of the Loans and/or the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Company Borrower shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish with a copy to each LenderCollateral Agent) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Movie Gallery Inc)

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Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a) through 2.12(c2.12(h), Company shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash FlowFlow and compensation owing to Lenders under the Credit Documents, if any, as the case may be. In the event that Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company shall promptly make an additional prepayment of the Loans and/or the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Company shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (P10, Inc.)

Prepayment Certificate. Concurrently with any prepayment ---------------------- of the ---------------------- Loans and/or reduction of the Tranche B Term Loan Commitments pursuant to Sections 2.12(a) through 2.12(c2.12(d), Company Borrower shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer (a copy of which Administrative Agent shall promptly provide to each Lender) demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Company the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company the Borrower shall promptly make an additional prepayment of the Loans and/or the Tranche B Term Loan Commitments shall be permanently reduced in an amount equal to such excess, and Company Borrower shall concurrently therewith deliver to Administrative Agent (a copy of which Administrative Agent shall promptly furnish provide to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans and/or reduction of the Commitments pursuant to Sections 2.12(a) through 2.12(c2.13(a), Company 2.13(b), 2.13(c) and 2.13(e), Administrative Borrower shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as giving rise to the case may beprepayment. In the event that Company or any of its Subsidiaries shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company the Borrowers shall promptly make an additional prepayment of the Loans and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Company Borrowers shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Syntax-Brillian Corp)

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