Common use of Recovery Event Clause in Contracts

Recovery Event. To the extent of Net Cash Proceeds received in connection with a Recovery Event that are not applied in accordance with Section 6.4(a)(iii), immediately following the expiration of the period allowed for reinvesting of such Net Cash Proceeds pursuant to Section 6.4(a)(iii), the Borrower shall prepay the Loans and cash collateralize the outstanding LOC Obligations in an aggregate amount equal to 100% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below).

Recovery Event. To the extent of Net Cash Proceeds cash proceeds received in connection with a Recovery Event that which are not applied in accordance with Section 6.4(a)(iii), immediately following the expiration of the period allowed for reinvesting of such Net Cash Proceeds cash proceeds pursuant to Section 6.4(a)(iii), the Borrower shall prepay the Loans and cash collateralize the outstanding LOC Obligations 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 (vi) below).

Recovery Event. To the extent of Net Cash Proceeds received in connection with a Recovery Event that are not applied in accordance with Section 6.4(a)(iii), immediately following the expiration of the period allowed for reinvesting of such Net Cash Proceeds pursuant to Section 6.4(a)(iii), the Borrower shall prepay the Loans and cash collateralize the outstanding LOC Obligations in an aggregate amount equal to 100% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below).

Recovery Event. To the extent of Net Cash Proceeds cash proceeds received in connection with a Recovery Event that which are not applied in accordance with Section 6.4(a)(iii), immediately promptly following the expiration of the period allowed for reinvesting of such Net Cash Proceeds cash proceeds pursuant to Section 6.4(a)(iii), the Borrower shall prepay the Loans and cash collateralize the outstanding LOC Obligations 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 (vi) below).