Applicable Dispositions definition
Applicable Dispositions means any Dispositions consummated after the Escrow Release Date, the Net Proceeds of which are required to be applied to prepay any Loans pursuant to Section 2.3(b)(ii)(1) hereto.
Applicable Dispositions means any Dispositions consummated after the Closing Date the Net Proceeds of which are required to be applied to prepay any Loans pursuant to Section 2.3(b)(ii)(1) hereof.
Examples of Applicable Dispositions in a sentence
Any such prepayment to be applied to the Obligations will be made within forty-five (45) days of the date such aggregate Post-Reinvestment Net Proceeds exceed $250,000,000 and upon not less than five (5) Business Days’ prior written notice to the Administrative Agent, which notice shall include a certificate of a Responsible Officer of the Borrower setting forth in reasonable detail the calculations utilized in computing the Post-Reinvestment Net Proceeds from all such Applicable Dispositions.