Common use of Proceeds of Indebtedness Clause in Contracts

Proceeds of Indebtedness. If the Borrower or any Restricted Subsidiary incurs or issues any Indebtedness (A) not expressly permitted to be incurred or issued pursuant to Section 6.01 or (B) incurred pursuant to a Refinancing Amendment, the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five Business Days after the receipt of such Net Proceeds.

Appears in 3 contracts

Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)

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Proceeds of Indebtedness. If Subject to Section 2.8(d), if the Borrower or any Restricted Significant Subsidiary incurs or issues any Indebtedness (A) not expressly permitted to be incurred or issued prohibited pursuant to Section 6.01 or (B) incurred pursuant to a Refinancing Amendment7.1, the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five Business Days after the receipt of such Net Proceeds.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (PACIFIC GAS & ELECTRIC Co), Term Loan Credit Agreement (PG&E Corp)

Proceeds of Indebtedness. If Subject to Section 2.8(d)2.8(d) , if the Borrower or any Restricted Significant Subsidiary incurs or issues any Indebtedness (A) not expressly permitted to be incurred or issued prohibited pursuant to Section 6.01 or (B) incurred pursuant to a Refinancing Amendment7.17.1 , the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five Business Days after the receipt of such Net Proceeds.

Appears in 1 contract

Samples: Term Loan Credit Agreement (PACIFIC GAS & ELECTRIC Co)

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Proceeds of Indebtedness. If the Borrower or any Restricted Subsidiary incurs or issues any Indebtedness (A) not expressly permitted to be incurred or issued pursuant to Section 6.01 or (B) incurred pursuant to a Refinancing Amendment, the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five Business Days after the receipt of such Net Proceeds.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Fuller H B Co)

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