Common use of Prepayments and Reductions Due to Issuance of Indebtedness Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Propex International Holdings II Inc.)

AutoNDA by SimpleDocs

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, Company or any of its Subsidiaries Subsidiary Guarantor 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.

Appears in 2 contracts

Samples: Credit Agreement (United Online Inc), Credit Agreement (United Online Inc)

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 Borrower or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company Borrower shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

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 (other than an Outsourcing Project Subsidiary) after the Term Loan Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Term Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

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 Company, Holdings or any of its other Subsidiaries after the Closing Date, 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.

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of Immediately upon receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company any or any all of Borrower and its Subsidiaries after the Closing Date, other than Date (exclusive of any Indebtedness permitted pursuant to in subsection 7.1), Company Borrower shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

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 make a Mandatory Payment in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Covanta Energy Corp)

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 Company, Holdings or any of its other Subsidiaries after the Closing Date, Restatement 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.

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

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 Holdings 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.

Appears in 1 contract

Samples: Superpriority Debtor in Possession Credit Agreement (Propex Inc.)

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 Parent or any of its Subsidiaries after the Closing DateSubsidiaries, other than Indebtedness permitted pursuant to subsection 7.16.1, Company Borrowers 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.

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

AutoNDA by SimpleDocs

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 Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company Borrowers shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

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 7.17.1 (except for Indebtedness permitted by subsection 7.1(vii)(y)), Company Borrower shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of Immediately upon receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company any or any all of its Parent, Borrower and their Subsidiaries after the Closing Date, other than Date (exclusive of the Parent Subordinated Debt and any Indebtedness permitted pursuant to in subsection 7.1), Company Borrower shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

Prepayments and Reductions Due to Issuance of Indebtedness. On No later than the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company Holdings or of any Subsidiary of its Subsidiaries Holdings 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 Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

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 other Subsidiaries after the Closing Date, 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.

Appears in 1 contract

Samples: Credit Agreement (Clayton Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!