Common use of Proceeds of Destruction, Taking and Collateral Dispositions Clause in Contracts

Proceeds of Destruction, Taking and Collateral Dispositions. So long as no Event of Default shall have occurred and be continuing, in the event the applicable Loan Party elects to reinvest Net Cash Proceeds in respect of any Asset Sale or Casualty Event in accordance with the provisions of Sections 2.10(c) and 2.10

Appears in 5 contracts

Samples: Credit Agreement (Basic Energy Services Inc), Credit Agreement (Norcraft Companies Lp), Credit Agreement (Quest Resource Corp)

AutoNDA by SimpleDocs

Proceeds of Destruction, Taking and Collateral Dispositions. So long as no Event of Default shall have occurred and be continuing, in the event the applicable Loan Party elects to reinvest Net Cash Proceeds in respect of any Asset Sale or Casualty Event in accordance with the provisions of Sections SECTIONS 2.10(c) and 2.10

Appears in 1 contract

Samples: Credit Agreement (Ply Gem Industries Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!