Common use of Prepayments Due to Incurrence of Debt Clause in Contracts

Prepayments Due to Incurrence of Debt. On the fifth Business Day following the date of receipt by the Borrowers, of the proceeds (including Cash, real property or other property) (any such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses, being “Net Proceeds”) from the incurrence of any debt of the Borrowers (other than any debt expressly permitted under subsection 6.1), the Borrowers shall prepay the Loans in an aggregate amount equal to 100% of such Net Proceeds.

Appears in 2 contracts

Samples: Construction Loan Agreement (Las Vegas Sands Corp), Construction Loan Agreement (Las Vegas Sands Inc)

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Prepayments Due to Incurrence of Debt. On the fifth Business Day following the date of receipt by the Borrowers, Borrower or any other Loan Party of the Cash proceeds (including Cash, real property or other property) (any such proceeds, net of underwriting discounts and commissions and other reasonable fees, costs and expenses associated therewith, including reasonable legal fees and expenses, being “Net Proceeds”) from the incurrence of any debt of the Borrowers Borrower or any other Loan Party (other than any debt expressly permitted under subsection 6.17.1), the Borrowers Borrower shall prepay the Loans in an aggregate amount equal to 100% of such Net Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

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Prepayments Due to Incurrence of Debt. On the fifth Business Day following the date of receipt by the BorrowersCompany or any other Loan Party, of the Cash proceeds (including Cash, real property or other property) (any such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses, being “Net Proceeds”) from the incurrence of any debt of the Borrowers Company or any other Loan Party (other than any debt expressly permitted under subsection 6.17.1), the Borrowers Borrower shall prepay the Loans in an aggregate amount equal to 100% of such Net Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

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