Common use of Recovery Event Clause in Contracts

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (v) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 500,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.4(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (any such prepayment to be applied as set forth in clause (vvii) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall notify the Administrative Agent thereof and prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (vvi) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (vix) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 250,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 250,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring within 180 days after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (viii) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Consolidated Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) % of such Net Cash Proceeds cash proceeds (such prepayment to be applied as set forth in clause (vvi) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 10,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (v) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 1,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii), immediately replace damaged property or to purchase or otherwise acquire new assets or property within 180 days following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower Borrowers shall prepay the Loans in an aggregate amount equal to one one- hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (vvi) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 500,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii)2.2.4.1, immediately following the 180th one hundred eightieth (180th) day occurring after the receipt by a Credit Party Borrower of such cash proceedsNet Cash Proceeds, the Borrower Borrowers shall jointly and severally prepay the Loans Term Loan in an aggregate amount equal to one one-hundred percent (100%) percent of such Net Cash Proceeds to the Lenders (such prepayment to be applied as set forth in clause (v) 2.2.4.5 below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 2,000,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (v) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of Five Hundred Thousand ($5,000,000 500,000) Dollars in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii)2.2.4.1, immediately following the 180th one hundred eightieth (180th) day occurring after the receipt by a Credit Party Borrower of such cash proceedsNet Cash Proceeds, the Borrower Borrowers shall jointly and severally prepay the Loans Term Loan in an aggregate amount equal to one one-hundred percent (100%) percent of such Net Cash Proceeds to the Lenders (such prepayment to be applied as set forth in clause (v) 2.2.4.5 below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $5,000,000 250,000 in the aggregate and which are not applied to repair or replacement costs in accordance with Section 6.6(a)(ii6.5(a)(ii), immediately following the 180th day occurring after the receipt by a Credit Party of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one one-hundred percent (100%) of such Net Cash Proceeds cash proceeds to the Lenders (such prepayment to be applied as set forth in clause (vvi) below).