Common use of Senior Debt Incurrence Clause in Contracts

Senior Debt Incurrence. On or prior to the date 90 days after the date of any Senior Debt Incurrence, the Borrower shall prepay Loans in an aggregate amount equal to the Net Available Proceeds thereof, such prepayment to be effected in each case in the manner and to the extent specified in clause (vi) below; provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (iii) with respect to the Net Available Proceeds of Senior Debt Incurrences after the date hereof to the extent that

Appears in 3 contracts

Samples: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

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Senior Debt Incurrence. On or prior to the date 90 days after the date of any Senior Debt Incurrence, the Borrower shall prepay Loans in an aggregate amount equal to the Net Available Proceeds thereof, such prepayment to be effected in each case in the manner and to the extent specified in clause (viviii) below; provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (iiiiv) with respect to the Net Available Proceeds of Senior Debt Incurrences after the date hereof to the extent that

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands Inc)

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Senior Debt Incurrence. On or prior to the date 90 days after the date of any Senior Debt Incurrence, the Borrower shall prepay the Loans in an aggregate amount equal to the Net Available Proceeds thereof, such prepayment to be effected in each case in the manner and to the extent specified in clause (vivii) below; , provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (iiiiv) with respect to the Net Available Proceeds of Senior Debt Incurrences after the date hereof to the extent that

Appears in 1 contract

Samples: Credit Agreement (SCV Epi Vineyards Inc)

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