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. 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. 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 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. On the date of receipt of the Net Debt Proceeds from the issuance of any Indebtedness of the Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to Section 10.1, the Company shall prepay Loans with an aggregate prepayment price equal to 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 Borrower, Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Borrower shall prepay the Loans and/or the Revolving Loan Commitments 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 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. No later than five (5) days from the date of receipt of the Net Securities Proceeds from the issuance of Indebtedness permitted pursuant to Subsection VII.A(vii) of Borrower or any of its Subsidiaries after the Closing Date, if the Consolidated Total Leverage Ratio for the Fiscal Quarter most recently ended exceeds 3.00:1.00, Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to the lesser of fifty percent (50%) of such Net Securities Proceeds or such amount as will bring the Consolidated Total Leverage Ratio to not more than 3.00:1.00.
Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Debt Proceeds from the issuance or incurrence of any Indebtedness of Company 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 Commitments shall be permanently reduced in an aggregate amount equal to such Net Debt Proceeds.
