Common use of Withdrawal of Net Proceeds in Connection with Permitted Applications Clause in Contracts

Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer and shall be paid by the Collateral Agent (upon the direction of the Trustee) to reimburse the Issuer or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.16, upon receipt by the Trustee and the Collateral Agent of an Officer’s Certificate, to the effect that:

Appears in 2 contracts

Samples: First Supplemental Indenture (GMX Resources Inc), Indenture (GMX Resources Inc)

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Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer and shall be paid by the Collateral Agent (upon the direction of the Trustee) to reimburse the Issuer or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.164.13, upon receipt by the Trustee and the Collateral Agent of an Officer’s Certificate, to the effect that:

Appears in 1 contract

Samples: Intercreditor Agreement (GMX Resources Inc)

Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer and shall be paid by the Collateral Agent (upon the direction of the Trustee) to reimburse the Issuer or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.164.12, upon receipt by the Trustee and the Collateral Agent of an Officer’s Certificate, to the effect certifying that:

Appears in 1 contract

Samples: Indenture (Horizon Lines, Inc.)

Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer Company and shall be paid by the Collateral Agent (upon the direction of the Trustee) to reimburse the Issuer Company or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer Company or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.164.12, upon receipt by the Trustee and the Collateral Agent of an Officer’s Officers’ Certificate, to the effect certifying that:

Appears in 1 contract

Samples: Supplemental Indenture (H-L Distribution Service, LLC)

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Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer Borrower and shall be paid by the Collateral Agent (upon the direction of the TrusteeAdministrative Agent) to reimburse the Issuer Borrower or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer Borrower or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.166.4, upon receipt by the Trustee Administrative Agent and the Collateral Agent of an Officer’s Certificate, to the effect certifying that:

Appears in 1 contract

Samples: Term Loan Agreement (Horizon Lines, Inc.)

Withdrawal of Net Proceeds in Connection with Permitted Applications. To the extent that any Trust Monies consist of Net Proceeds of an Asset Sale or Casualty or Condemnation Event, such Trust Monies may be withdrawn by the Issuer Company and shall be paid by the Collateral Agent (upon the direction of the Trustee) to reimburse the Issuer Company or any Guarantor for expenditures made, or to pay costs to be incurred, by the Issuer Company or such Guarantor in connection with any application of such Net Proceeds permitted by Section 4.164.12, upon receipt by the Trustee and the Collateral Agent of an Officer’s Certificate, to the effect certifying that:

Appears in 1 contract

Samples: Supplemental Indenture (Horizon Lines, Inc.)

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