Common use of Recovery Event Clause in Contracts

Recovery Event. Subject to the terms and conditions of Section 7.6 hereof, immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall forward 100% of the Net Cash Proceeds from such Recovery Event to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).

Recovery Event. Subject to the terms and conditions of Section 7.6 hereof, immediately upon receipt by the Borrower a Credit Party or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall forward 100% of the Net Cash Proceeds from such Recovery Event to the Lenders as a prepayment of the Loans (such prepayment to be applied as set forth in Section 3.3(c) below).

Recovery Event. Subject to the terms and conditions of -------------- Section 7.6 hereof, immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall forward 100% of the Net Cash Proceeds from such Recovery Event to the Lenders as a prepayment of the Loans and Term Loans (to be applied as set forth in Section 3.3(c) below).

Recovery Event. Subject to the terms and conditions of Section 7.6 hereof, immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall forward 100% of the Net Cash Proceeds from such Recovery Event to the Lenders as a prepayment of the Loans, Tranche A Term Loans and Tranche B Term Loans (to be applied as set forth in Section 3.3(c) below).

Recovery Event. Subject to the terms and conditions of Section 7.6 hereof, immediately upon receipt by the Borrower or any of its Subsidiaries of proceeds from any Recovery Event, the Borrower shall forward 100% of the Net Cash Proceeds from such Recovery Event to the Lenders as a prepayment of the Loans, Tranche A Supplemental Term Loans and Tranche B Term Loans (to be applied as set forth in Section 3.3(c) below).