Common use of Term Loan Prepayments Clause in Contracts

Term Loan Prepayments. On each occasion that a Prepayment Event occurs, the Borrower shall, within one Business Day after the occurrence of a Debt Incurrence Prepayment Event and within five Business Days after the occurrence of any other Prepayment Event, prepay, in accordance with paragraph (c) below, the principal amount of Term Loans in an amount equal to 100% of the Net Cash Proceeds from such Prepayment Event.

Appears in 2 contracts

Samples: Amendment No. 2 and Joinder Agreement (Intelsat S.A.), Credit Agreement (Intelsat S.A.)

AutoNDA by SimpleDocs

Term Loan Prepayments. (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within one Business Day after the occurrence receipt of Net Cash Proceeds from a Debt Incurrence Prepayment Event and within five Business Days after the receipt of Net Cash Proceeds in connection with the occurrence of any other Prepayment Event, offer to prepay, in accordance with paragraph (cSections 4.2(b), 4.2(c) belowand 4.2(d), the a principal amount of Term Loans in an amount equal to 100% of the Net Cash Proceeds from such Prepayment Event.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Goodman Global Group, Inc.), Term Loan Credit Agreement (Goodman Sales CO)

Term Loan Prepayments. On each occasion that a Prepayment Event occurs, the Borrower shall, within one Business Day after the occurrence of a Debt Incurrence Prepayment Event and within five Business Days after the occurrence of any other such Prepayment Event, offer to prepay, in accordance with paragraph (c) below, the principal amount of Term Loans in an amount equal to 100% of the Net Cash Proceeds from such Prepayment Event.

Appears in 2 contracts

Samples: Credit Agreement (Bristol West Holdings Inc), Credit Agreement (Bristol West Holdings Inc)

Term Loan Prepayments. (1) (A) On each occasion that a Prepayment Event occurs, the Borrower shall, within one Business Day after the occurrence of a Debt Incurrence Prepayment Event and within five three Business Days after the occurrence of any other such Prepayment EventEvent (or, in the case of Deferred Net Cash Proceeds, within three Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with paragraph clauses (c) and (d) below, the principal amount of Term Loans in an a principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event.

Appears in 1 contract

Samples: Credit Agreement (Energy Future Intermediate Holding CO LLC)

AutoNDA by SimpleDocs

Term Loan Prepayments. (A) On each occasion that a Prepayment Event occurs, the Borrower shall, within one Business Day after the occurrence of a Debt Incurrence Prepayment Event and within five three Business Days after the occurrence of any other such Prepayment EventEvent (or, in the case of Deferred Net Cash Proceeds, within three Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with paragraph clauses (c) and (d) below, the principal amount of Term Loans in an a principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event.

Appears in 1 contract

Samples: Credit Agreement (Energy Future Intermediate Holding CO LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!