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

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 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 Commitments 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 Borrowers or any of its their 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 100% of such Net Securities Proceeds.