Prepayments Due to Issuance of Indebtedness. No later than the third Business Day after the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
Prepayments Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Parent, Company or of any Subsidiary of Company after the Second Restatement Date, other than Indebtedness permitted pursuant to Section 6.1, Company shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
Prepayments 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 Commitments shall be reduced) in the full amount of all such Net Securities Proceeds.
Prepayments Due to Issuance of Indebtedness. No later than the date which is five (5) Business Days after the date of receipt of (1) 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 not prohibited pursuant to subsection 7.1, or (2) the Net Securities Proceeds from the issuance of any Indebtedness of a Canadian Subsidiary pursuant to subsection 7.1(xvii), Company shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
Prepayments Due to Issuance of Indebtedness. No later than the first Business Day following the receipt of the Net Securities Proceeds from the issuance of any Indebtedness of any Loan Party or any Subsidiary after the Closing Date, other than Indebtedness permitted pursuant to Section 7.03, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
Prepayments Due to Issuance of Indebtedness. No later than the fifth Business Day following 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 in an aggregate amount equal to 100% of such Net Securities Proceeds; provided that (A) such percentage shall be reduced to 50% if the Consolidated Leverage Ratio as of the last day of the immediately preceding four-Fiscal Quarter period is less than 2.50:1.00 and (B) such percentage shall equal 100% at any time after the occurrence and during the continuance of an Event of Default.
Prepayments Due to Issuance of Indebtedness. On the third Business Day following receipt of the Net Debt Issuance Proceeds by any Group Member after the Closing Date, Borrower shall prepay the applicable Loans in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.
Prepayments Due to Issuance of Indebtedness. No later than the first Business Day following receipt by Company or any of its Subsidiaries of the Cash proceeds, net of reasonable and customary underwriting discounts and commissions, financial advisory or placement fees and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses, ("NET DEBT SECURITIES PROCEEDS") from the issuance of any debt Securities of Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Term Loans in an aggregate amount equal to 100% of such Net Debt Securities Proceeds; provided that, if Net Debt Securities Proceeds otherwise required to be used to prepay the Loans by this clause (c) at any time do not equal or exceed $5,000,000, Company may defer prepayment until aggregate Net Debt Securities Proceeds equal at least $5,000,000, such deferral to be evidenced by an Officer's Certificate setting forth the calculation of the Net Debt Securities Proceeds.
Prepayments 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 in an aggregate amount equal to such Net Securities Proceeds; provided, however, Company’s obligations under this subsection 2.4B(iii)(c) is without prejudice to the rights of Administrative Agent arising from an Event of Default under subsection 8.3 as a result incurrence of Indebtedness not permitted by subsection 7.1.
Prepayments Due to Issuance of Indebtedness. No later than the first ------------------------------------------- Business Day following the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Borrowers or any of their Restricted Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1 as in effect on the Closing Date, Borrowers shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds; provided -------- however, that notwithstanding the foregoing, the following ------- provisions shall apply with respect to the Subordinated Debenture Bonds and the Subordinated Investment Certificates: no later than the tenth Business Day following the last day of each Fiscal Quarter following the Closing Date, Borrowers shall prepay the Loans in an aggregate amount equal to the Net Securities Proceeds received from the issuance of Subordinated Indebtedness in such Fiscal Quarter to the extent but only to the extent the aggregate principal amount of such Subordinated Indebtedness issued in such Fiscal Quarter exceeds the sum of (i) the aggregate amount of the scheduled principal amortization paid with respect to Subordinated Indebtedness in such Fiscal Quarter plus (ii) the aggregate Mandatory Redemption Amounts paid with respect to the Subordinated Indebtedness in such Fiscal Quarter plus (iii) the aggregate principal amount of all Subordinated Indebtedness irrevocably called for redemption by the Company pursuant to subsection 7.5(i)(D) in such Fiscal Quarter.
