PREPAYMENTS AND REDUCTIONS FROM INSURANCE Sample Clauses

PREPAYMENTS AND REDUCTIONS FROM INSURANCE. CONDEMNATION ------------------------------------------------------ PROCEEDS. On the date of receipt by Holdings or any of its Domestic -------- Subsidiaries of any Insurance/Condemnation Proceeds in excess of (A) $15,000,000 with respect to any single occurrence or event (or any series of related occurrences or events) other than amounts in respect of equipment described on Schedule 2.04(c)(iii), or (B) $10,000,000 with respect to any single occurrence or event (or any series of related occurrences or events) with respect to equipment described on Schedule 2.04(c)(iii), the Borrower shall prepay the Term Loans and/or the Revolving Loans, and/or the Revolving Commitments shall be permanently reduced (in each case, as and to the extent set forth in Section 2.04(c)(xiii)), in an aggregate principal amount equal to the amount of any such Insurance/Condemnation Proceeds.
Sample 1
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PREPAYMENTS AND REDUCTIONS FROM INSURANCE. CONDEMNATION PROCEEDS. On the date of receipt by the Borrower or --------------------- any of its Subsidiaries of any Insurance/Condemnation Proceeds in excess of (A) US$15,000,000 or the Equivalent Amount thereof, with respect to any single occurrence or event (or any series of related occurrences or events) other than amounts in respect of equipment described on Schedule 2.04(c)(iii), or (B) US$10,000,000 or the Equivalent Amount thereof with respect to any single occurrence or event (or any series of related occurrences or events) with respect to equipment described on Schedule 2.04(c)(iii), the Borrower shall prepay the Term Loans and/or the Revolving Loans, and/or the Revolving Commitments shall be permanently reduced (in each case, as and to the extent set forth in Section 2.04(c)(xiii)), in an aggregate principal amount equal to the amount of any such Insurance/Condemnation Proceeds.
Sample 1

Related to PREPAYMENTS AND REDUCTIONS FROM INSURANCE

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Prepayments and Repayments .. 29 Section 2.8 Notes; Loan Accounts.................... 30 Section 2.9 Manner of Payment....................... 30 Section 2.10 Reimbursement........................... 31 Section 2.11 Pro Rata Treatment...................... 32 Section 2.12

  • Payments Reductions of Commitments Prepayments 16 2.5. Promise to Pay; Promissory Notes. 26

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Mandatory Prepayments and Commitment Reductions 28 2.11 Conversion and Continuation Options............................... 29 2.12 Minimum Amounts and Maximum Number of Eurodollar Tranches......... 30 2.13 Interest Rates and Payment Dates.................................. 30 2.14 Computation of Interest and Fees.................................. 30 2.15 Inability to Determine Interest Rate.............................. 31 2.16 Pro Rata Treatment and Payments................................... 31 2.17

  • Mandatory Repayments and Commitment Reductions (a) (i) On any day on which the (other than during an Agent Advance Period) Aggregate Exposure exceeds the lesser of (x) the Total Commitment at such time and (y) the Borrowing Base at such time (based on the Borrowing Base Certificate last delivered), the Borrower shall prepay on such day the principal of Swingline Loans and, after all Swingline Loans have been repaid in full or if no Swingline Loans are outstanding, Revolving Loans in an amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds the lesser of (A) the Total Commitment at such time, and (B) the Borrowing Base at such time (based on the Borrowing Base Certificate (as delivered)), the Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash and/or Cash Equivalents equal to the amount of such excess (up to a maximum amount equal to the Letter of Credit Outstandings at such time), such cash and/or Cash Equivalents to be held as security for all Obligations of the Borrower to the Issuing Lenders and the Lenders hereunder in a cash collateral account to be established by the Administrative Agent.

  • Prepayments and Deposits Schedule 2.21 attached hereto sets forth all prepayments or deposits from customers for products to be shipped, or services to be performed, after the Closing Date which have been received by the Seller as of the date hereof.

  • Payments Prepayments (a) Payment, when paid, shall be applied first to the payment of all interest accrued and unpaid on this Note and then to payment on account of the principal hereof.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

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