Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. No later than the first Business Day following the date of receipt by Company or any of its Subsidiaries of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. No later than (i) the tenth Business Day following the date of receipt by Company or any of its Subsidiaries of the Net Indebtedness Proceeds from the issuance or incurrence of any Indebtedness of Company or any of its Subsidiaries after the Effective Date, other than Indebtedness permitted pursuant to subsection 7.1, and (ii) the tenth Business Day following the date of receipt by any HUD Subsidiary of the Net Indebtedness Proceeds from the issuance or incurrence of any HUD Financing, Company shall prepay the Term Loans in an aggregate amount equal to such Net Indebtedness Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to SECTION 8.3 and SECTION 8.17, Borrowers shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 9.1, Company shall prepay the Loans, and collateralize Bankers' Acceptances, and/or the Revolving Loan Commitments shall be permanently reduced, in an aggregate amount equal to the amount of such Net Securities Proceeds, all as provided in subsection 2.4B(iv) and subsection 2.4G, as applicable.
Prepayments and Reductions Due to Issuance of Indebtedness. Not later than the third Business Day following the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company, Holdings or any of its Domestic Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. Not later than the third Business Day following the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company, Holdings or any of its Domestic Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1 (except as provided in subsection 7.1(x) or (xi)), Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Cash Proceeds from the issuance of any Indebtedness of any Loan Party or any of the Company's Subsidiaries after the Closing Date (other than Indebtedness permitted by subsections 6.3B(i) through (ix), inclusive), the Company shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt by Borrower or any of its Subsidiaries of the Net Debt Proceeds from the issuance of any Indebtedness of Borrower or any of its Subsidiaries, other than pursuant to subsection 7.1(i), (ii), (iii), (iv) or (vi), Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 100% of such Net Debt Proceeds.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Closing Date (other than (1) Indebtedness permitted pursuant to subsections 7.1(i) - (xiii), (2) issuances of Indebtedness, the Net Securities Proceeds of which are applied by Company or its Subsidiaries to the consideration paid by Company or such Subsidiary for a Permitted Acquisition, and (3) issuances of Indebtedness permitted pursuant to subsection 7.1(xiv) the Net Securities Proceeds of which are applied by Company to any repurchase or redemption of Existing Senior Subordinated Notes and/or Senior Notes and/or Convertible Subordinated Notes, provided that Company shall, no later than 180 days after receipt of such Net Securities Proceeds that have not theretofore been applied to such repurchase or redemption, make a prepayment of the Loans in the amount of the portion of such unapplied Net Securities Proceeds required pursuant to this subsection 2.4B(iii)(d)), Company shall prepay the Loans in an aggregate amount equal to 100% of such Net Securities Proceeds; provided, that such percentage shall be reduced to 50% for the Fiscal Quarter or Stub Period, as the case may be, immediately following any Fiscal Quarter or Stub Period, as the case may be, for which the Consolidated Leverage Ratio as at the last day of such Fiscal Quarter or Stub Period, as the case may be, is less than 2.50:1.00.
