Repayments from Equity Issuances Sample Clauses

Repayments from Equity Issuances. Immediately upon receipt of proceeds from the issuance of any ownership interests in Borrower or any rights to purchase any such interest (other than from the issuance of Management Equity Interests), Borrowers shall repay the Loans in an amount equal to one hundred percent (100%) of the amount of (i) such proceeds minus (ii) all fees, costs and expenses actually incurred in connection with such equity issuance; provided, however, that the repayment percentage set forth above shall be reduced to fifty percent (50%) whenever the current Total Leverage Ratio of Borrower is less than or equal to 3:00:1.00. All such repayments shall be applied in accordance with Subsection 1.8.
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Repayments from Equity Issuances. Immediately upon receipt of -------------------------------- proceeds from the issuance of any ownership interests in Borrower or any rights to purchase any such interest, Borrower shall repay the Loans in an amount equal to fifty percent (50%) of the amount of (i) such proceeds minus (ii) all ----- fees, costs and expenses actually incurred in connection with such equity issuance; provided, however, that Borrower shall not be required to repay Loans -------- ------- from proceeds of the issuance of the Preferred Stock. All such repayments shall be applied in accordance with Subsection 1.8.
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Repayments from Equity Issuances. Immediately upon receipt of -------------------------------- proceeds from the issuance of any ownership interests in Borrower or any rights to purchase any such interest, Borrower shall repay the Revolving Loans in an amount equal to fifty percent (50%) of the amount of (i) such proceeds minus ----- (ii) all fees, costs and expenses actually incurred in connection with such equity issuance.
Sample 1
Repayments from Equity Issuances. Immediately upon receipt of --------------------------------- proceeds from the issuance of any ownership interests in Borrower or any rights to purchase any such interest (other than from the issuance of Management Equity Interests), Borrower shall repay the Loans in an amount equal to fifty percent (50%) of the amount of (i) such proceeds minus (ii) all fees, costs and expenses actually incurred in ----- connection with such equity issuance; provided, however, that Borrower -------- ------- shall not be required to repay Loans from proceeds of the issuance of the Preferred Stock. All such repayments shall be applied in accordance with Subsection 1.8." Also effective upon the effective date of this letter agreement, Subsection 3.5 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1
Repayments from Equity Issuances. Immediately upon receipt of proceeds from the issuance of any ownership interests in Borrower or any rights to purchase any such interest (other than from the issuance of Management Equity Interests), Borrower shall repay the Loans in an amount equal to fifty percent (50%) of the amount of (i) such proceeds minus (ii) all fees, costs and expenses actually incurred in connection with such equity issuance; provided, however, that Borrower shall not be required to repay Loans from proceeds of the issuance of the Preferred Stock or of the permitted issuance of common stock in connection with the IWO Acquisition or the GA PCS Acquisition. All such repayments shall be applied in accordance with Subsection 1.8.
Sample 1
Repayments from Equity Issuances. Immediately upon receipt by any Loan Party or any Subsidiary of any Loan Party of Net Proceeds relating to the issuance by any Loan Party or any Subsidiary of any Loan Party of any ownership interest or rights therein (other than issuances permitted under Subsection 3.4), Borrower shall be obligated to repay the Loans in an amount equal to all such Net Proceeds; provided, however, that Borrower shall not be required to prepay the Loans with any Net Proceeds received from the issuance by any Loan Party or any Subsidiary of any Loan Party of any ownership interest in any Loan Party or any Subsidiary of any Loan Party or rights therein, so long as no Default or Event of Default exists before or will result from such issuance. All such repayments shall be paid and applied in accordance with Subsection 1.8 and shall be accompanied by accrued interest on the amount prepaid and any applicable Breakage Fees.
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Related to Repayments from Equity Issuances

  • Equity Issuances In the event that the Borrower shall receive any Cash proceeds from the issuance of Equity Interests of the Borrower at any time after the Availability Period, the Borrower shall, no later than the third Business Day following the receipt of such Cash proceeds, prepay the Loans in an amount equal to fifty percent (50%) of such Cash proceeds, net of underwriting discounts and commissions or other similar payments and other costs, fees, premiums and expenses directly associated therewith, including, without limitation, reasonable legal fees and expenses (and the Commitments shall be permanently reduced by such amount).

  • Subsequent Equity Issuances The Company shall not deliver any Sales Notice hereunder (and any Sales Notice previously delivered shall not apply during such three Business Days) for at least three (3) Business Days prior to any date on which the Company or any Subsidiary offers, sells, issues, contracts to sell, contracts to issue or otherwise disposes of, directly or indirectly, any other shares of Common Stock or any Common Stock Equivalents (other than the Shares), subject to Manager’s right to waive this obligation, provided that, without compliance with the foregoing obligation, the Company may issue and sell Common Stock pursuant to any employee equity plan, stock ownership plan or dividend reinvestment plan of the Company in effect at the Execution Time and the Company may issue Common Stock issuable upon the conversion or exercise of Common Stock Equivalents outstanding at the Execution Time.

  • Equity Issuance Upon the sale or issuance by the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) of any of its Equity Interests (other than any sales or issuances of Equity Interests to the Borrower or any Subsidiary Guarantor), the Borrower shall prepay an aggregate principal amount of Loans equal to 75% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

  • Debt Issuances Immediately upon receipt by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of such Net Cash Proceeds.

  • Debt Issuance Immediately upon the receipt by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereinafter provided in an aggregate amount equal to 100% of such Net Cash Proceeds.

  • Prepayments, Etc of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance with the terms of this Agreement and (b) regularly scheduled or required repayments or redemptions of Indebtedness set forth in Schedule 7.03 and refinancings and refundings of such Indebtedness in compliance with Section 7.03(b).

  • Prepayments, Etc. of Indebtedness (a) None of the Covenant Parties shall, nor shall they permit any of their Restricted Subsidiaries to, directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood that payments of regularly scheduled interest shall be permitted) the Senior Subordinated Debt, any subordinated Indebtedness incurred under Section 7.03(g) or any other Indebtedness that is required to be subordinated to the Obligations pursuant to the terms of the Loan Documents, but excluding any Existing Indebtedness or Outstanding Indebtedness (collectively, “Junior Financing”) or make any payment in violation of any subordination terms of any Junior Financing Documentation, except (i) the refinancing thereof with the Net Proceeds of any Indebtedness (to the extent such Indebtedness constitutes a Permitted Refinancing and, if such Indebtedness was originally incurred under Section 7.03(g), is permitted pursuant to Section 7.03(g)), to the extent not required to prepay any Loans pursuant to Section 2.05(b), (ii) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity Interests) of the Company or any of its direct or indirect parents, (iii) the prepayment of Indebtedness of any Covenant Party or any Restricted Subsidiary of a Covenant Party to the extent permitted by the Collateral Documents, (iv) any payments in respect of Senior Subordinated Debt constituting bridge loans with the proceeds of any other Junior Financing and (v) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity in an aggregate amount not to exceed $250,000,000 plus, if the Total Leverage Ratio calculated on a Pro Forma Basis is less than or equal to 7.00 to 1.00, the portion, if any, of the Cumulative Credit on such date that Xxxxxxx elects to apply to this paragraph, such election to be specified in a written notice of a Responsible Officer of Xxxxxxx calculating in reasonable detail the amount of Cumulative Credit immediately prior to such election and the amount thereof elected to be so applied.

  • Loans, Investments, Etc Each Borrower and Guarantor shall not, and shall not permit any Subsidiary to, directly or indirectly, make any loans or advance money or property to any person, or invest in (by capital contribution, dividend or otherwise) or purchase or repurchase the Capital Stock or Indebtedness or all or a substantial part of the assets or property of any person, or form or acquire any Subsidiaries, or agree to do any of the foregoing, except:

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Restricted Payments, etc On and at all times after the Effective Date:

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