Types of Mandatory Prepayments. (i) Within five (5) Business Days of the receipt by any Credit Party or any of its Subsidiaries of any proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Subsidiaries (other than Indebtedness permitted under Section 9.01), Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Net Debt Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Verano Holdings Corp.), Credit Agreement (Verano Holdings Corp.), Credit Agreement
Types of Mandatory Prepayments. (i) Within five (5) Business Days of the receipt by any Credit Party or any of its Subsidiaries of any proceeds Net Debt Proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Subsidiaries (other than Indebtedness permitted under Section 9.01), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Net Debt Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Verano Holdings Corp.), Credit Agreement
Types of Mandatory Prepayments. (i) Within five one (51) Business Days Day of the receipt by any Credit Party or any of its Subsidiaries of any proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Subsidiaries (other than Indebtedness permitted under Section 9.01), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Net Debt Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (PARETEUM Corp), Credit Agreement (PARETEUM Corp)
Types of Mandatory Prepayments. (i) Within five (5) Business Days of the receipt by any Credit Party or any of its Subsidiaries of any proceeds Net Cash Proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Subsidiaries (other than Indebtedness permitted under Section 9.01), Borrower Borrowers shall prepay the Loans in an amount equal to one hundred percent (100%) 100.00% of such Net Debt Cash Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement. Any mandatory prepayment of the Loans made pursuant to this Section 4.02(a)(i) shall be accompanied by all accrued interest on the amount prepaid, together with the applicable Make-Whole Amount.
Appears in 2 contracts
Samples: Credit Agreement (Vireo Health International, Inc.), Credit Agreement
Types of Mandatory Prepayments. (i) Within five (5) Business Days of the receipt by any Credit Party or any of its Restricted Subsidiaries of any proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Restricted Subsidiaries (other than Indebtedness permitted under Section 9.01), Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Net Debt Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement.
Appears in 1 contract
Samples: Credit Agreement
Types of Mandatory Prepayments. (i) Within five (5) Business Days of the receipt by any Credit Party or any of its Subsidiaries of any proceeds Net Debt Proceeds from the incurrence of any Indebtedness by any Credit Party or any of its Subsidiaries (other than Indebtedness permitted under Section 9.01), Borrower Borrowers shall prepay the Loans in an amount equal to one hundred percent (100%) 100.00% of such Net Debt Proceeds, to be applied as set forth in Section 4.02(c). Nothing in this Section 4.02(a)(i) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement.
Appears in 1 contract
