Prepayments from Incurrence of Indebtedness Sample Clauses

Prepayments from Incurrence of Indebtedness. If the Borrower or any Wholly-Owned Subsidiary of the Borrower receives any proceeds (whether in cash or marketable securities) attributable to the issuance and sale or other disposition of any Indebtedness for Money Borrowed described in clause (i) of the definition of Indebtedness for Money Borrowed of the Borrower or any Wholly-Owned Subsidiary of the Borrower or any rights to acquire any such Indebtedness for Money Borrowed described in clause (i) of the definition of Indebtedness for Money Borrowed (other than (i) Indebtedness permitted by Sections 5.2.2(a)-(f), (h)-(k), (m)-(o) and (q)- (z), (ii) proceeds received by a Person which cannot be remitted to the Borrower or a Subsidiary of the Borrower as a result of any legal or contractual restriction applicable to such Person existing on the Closing Date and identified on Schedule 3.4 hereto and any legal or contractual restriction contained in any Indebtedness which refinances any Indebtedness referenced on Schedule 3.4 provided that the terms thereof are no more onerous to the Borrower or any Subsidiary than those existing on the Closing Date, (iii) Indebtedness permitted by Section 5.2.2(p) which is not by the terms of such Section required to be used to prepay the Loans), then the Borrower shall prepay the Term Loan, the Additional Term Loan, the D Tranche Term Loan and the E Tranche Term Loan promptly (but in any event within five Business Days after receipt of such proceeds) to the extent of all of such proceeds from debt or debt securities (net of any costs or expenses incurred in connection with the issuance or sale or other disposition thereof).
AutoNDA by SimpleDocs
Prepayments from Incurrence of Indebtedness. Immediately upon the receipt by Holdings, Borrower or any of its Subsidiaries of the proceeds of the incurrence of any Indebtedness (other than Indebtedness permitted under Section 5.1 hereof or Indebtedness funded by Sponsor or any of its Affiliates), Borrower shall prepay the Loans in an amount equal to such proceeds, net of underwriting discounts and commissions and other reasonable out-of-pocket costs associated therewith. The payments shall be applied in accordance with Section 1.5(f).
Prepayments from Incurrence of Indebtedness. Immediately upon the receipt by any Credit Party or any Subsidiary of a Credit Party of cash proceeds from the issuance or incurrence of any Indebtedness (other than Permitted Indebtedness), the Borrower shall prepay the Loans in an amount equal to 100% of the proceeds from such issuance or incurrence, net of taxes, underwriting discounts and commissions and other reasonable, out-of-pocket costs and expenses associated therewith. All such prepayments shall be accompanied by all accrued and unpaid interest on the Loans being prepaid and the applicable Prepayment Fee (which, subject to Section 1.09, shall be deducted from the cash proceeds prior to the application of such cash proceeds in prepayment of the Loans in accordance with the terms of the preceding sentence).
Prepayments from Incurrence of Indebtedness. 40 (c) Prepayments From Asset Sales . . . . . . . . . . . . 41 Section 3.5 Other Provisions With Respect to the Loans. . . 43 Section 3.6
Prepayments from Incurrence of Indebtedness. Promptly but in any event within three (3) Business Days upon the receipt by any Credit Party or any Subsidiary of a Credit Party of any cash proceeds from the incurrence of any Indebtedness (other than Permitted Indebtedness), the Borrowers shall prepay the Term Loan Obligations in an amount equal to 100% of the net cash proceeds from the incurrence of such Indebtedness, net of the reasonable costs and expenses reasonably incurred by such Credit Party in connection with such incurrence, together with payment of the Applicable Payment Fee and Applicable Reduction Fee on the amount being prepaid.
Prepayments from Incurrence of Indebtedness. Within one (1) Business Day following the receipt by any Credit Party or any Subsidiary of a Credit Party of cash proceeds from the issuance or incurrence of any Indebtedness (other than Permitted Indebtedness), the Borrowers shall prepay the Loans in an amount equal to 100% of the proceeds from such issuance or incurrence, underwriting discounts and commissions and other reasonable, out-of-pocket costs and expenses associated therewith. All such prepayments shall be accompanied by (i) all accrued and unpaid interest on the Loans being prepaid and (ii) the applicable Prepayment Premium.
Prepayments from Incurrence of Indebtedness. Concurrently with the Incurrence by the Company or any of its Subsidiaries of any Indebtedness not permitted under Section 6.1, the Company shall prepay the Loans in a principal amount equal to the principal amount of such Indebtedness so Incurred.
AutoNDA by SimpleDocs
Prepayments from Incurrence of Indebtedness. Immediately upon the receipt by any Credit Party or any Subsidiary of a Credit Party of cash proceeds from the issuance or incurrence of any Indebtedness (other than Permitted Indebtedness), the Borrower shall prepay the Loans in an amount equal to 100% of the proceeds from such issuance or incurrence upon the receipt by any Credit Party or any Subsidiary of a Credit Party of the proceeds, net of taxes, underwriting discounts and commissions and other reasonable, out-of-pocket costs and expenses associated therewith. All such prepayments shall be accompanied by all accrued and unpaid interest on the Loans being prepaid.
Prepayments from Incurrence of Indebtedness. Subject to paragraph (e) of this Section 3.02, immediately upon the receipt by any Credit Party or any Subsidiary of a Credit Party of cash proceeds from the issuance or incurrence of any Indebtedness (other than Permitted Indebtedness), the Borrower shall prepay the Loans in an amount equal to 100% of the proceeds from such issuance or incurrence upon the receipt by any Credit Party or any Subsidiary of a Credit Party of the proceeds, net of taxes, underwriting discounts and commissions and other reasonable, out-of-pocket costs and expenses associated therewith.
Prepayments from Incurrence of Indebtedness. Concurrently with the Incurrence by the Borrower of any Indebtedness not permitted under Section 6.1, the Borrower shall prepay the Loans in a principal amount equal to the principal amount of such Indebtedness so Incurred. Any such prepayment shall be applied pro rata to the Tranche A Loans and the Tranche B Loans.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!