Proceeds of Other Indebtedness. Subject to Section 3.1.2(b)(viii), immediately upon receipt of any net cash proceeds of any Indebtedness other than Indebtedness permitted by Section 7.2.2 by any Loan Party or any Subsidiary of any Loan Party (other than Unrestricted Timber Subsidiaries), the Borrower shall be obligated to repay the Loans and other Obligations in an amount equal to such net cash proceeds.
Appears in 2 contracts
Samples: Term a 4 Loan Credit Facility (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)
Proceeds of Other Indebtedness. Subject to clause (viii) of this Section 3.1.2(b)(viii3.1.2(b), immediately upon receipt of any net cash proceeds of any Indebtedness other than Indebtedness permitted by Section 7.2.2 by any Loan Party or any Subsidiary of any Loan Party (other than an Unrestricted Timber SubsidiariesSubsidiary), the Borrower shall be obligated to repay the Loans and other Obligations in an amount equal to such net cash proceeds.
Appears in 2 contracts
Samples: Amendment Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)
Proceeds of Other Indebtedness. Subject to clause (viii) of this Section 3.1.2(b)(viii3.1.2(b), immediately upon receipt of any net cash proceeds of any Indebtedness other than Indebtedness permitted by Section 7.2.2 by any Loan Party or any Subsidiary of any Loan Party (other than Unrestricted Timber Subsidiaries)Party, the Borrower Borrowers shall be obligated to repay the Loans and other Obligations in an amount equal to such net cash proceeds.
Appears in 1 contract
Proceeds of Other Indebtedness. Subject to clause (viii) of this Section 3.1.2(b)(viii3.1.2(b), immediately upon receipt of any net cash proceeds of any Indebtedness other than Indebtedness permitted by Section 7.2.2 by any Loan Party or any Subsidiary of any Loan Party (other than an Unrestricted Timber SubsidiariesSubsidiary), the Borrower Borrowers shall be obligated to repay the Loans and other Obligations in an amount equal to such net cash proceeds.
Appears in 1 contract
Samples: Joinder and Amendment Agreement (CatchMark Timber Trust, Inc.)
Proceeds of Other Indebtedness. Subject to Section 3.1.2(b)(viii), immediately upon receipt of any net cash proceeds of any Indebtedness other than Indebtedness permitted by Section 7.2.2 by any Loan Party or any Subsidiary of any Loan Party (other than 46267678.11 Unrestricted Timber Subsidiaries), the Borrower shall be obligated to repay the Loans and other Obligations in an amount equal to such net cash proceeds.
Appears in 1 contract
Samples: Fifth Agreement Regarding Consents and Amendments (CatchMark Timber Trust, Inc.)
