SALES AND ISSUANCES PROCEEDS ACCOUNT. The Company and its Subsidiaries shall deposit into the Sales and Issuances Proceeds Account all Net Cash Proceeds received (except to the extent required pursuant to Sections 2.9(c)(i) and 2.9(c)(ii)).
Appears in 3 contracts
Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc)
SALES AND ISSUANCES PROCEEDS ACCOUNT. The Company and its Subsidiaries shall deposit into the Sales and Issuances Proceeds Account all Net Cash Proceeds received (except to the extent otherwise required pursuant to Sections 2.9(c)(i) and 2.9(c)(ii)this Agreement).
Appears in 1 contract
