Examples of Equity Issuance Proceeds in a sentence
On the date of receipt by any Loan Party (or any Affiliate of such Loan Party on behalf of such Loan Party) of any Net Equity Issuance Proceeds, the Borrower shall offer to prepay, and, if accepted by the Lender, be obligated to prepay the Loans in an aggregate amount equal to such Net Equity Issuance Proceeds.
So long as no Event of Default exists, the Net Equity Issuance Proceeds may be withdrawn by Pledgor from the Accounts and used for any purpose permitted by the Organizational Documents or required under the Credit Agreement.
The parties intend that this Agreement shall be a present, absolute and unconditional assignment and shall, upon the occurrence and during the continuance of an Event of Default, give Agent the right to collect the Net Equity Issuance Proceeds and to apply such Net Equity Issuance Proceeds to payment of the principal and interest and all other sums payable on the Obligations in accordance with the terms of the Credit Agreement.
Upon the occurrence, and during the continuance, of an Event of Default, the Agent shall use any Net Equity Issuance Proceeds called in accordance with Section 6(b) and any other Collateral to the extent permitted by and subject to the terms of the Credit Agreement.
Prior to the occurrence and continuance of an Event of Default, Agent hereby grants to Pledgor the right, subject to the provisions set forth herein, to collect all Net Equity Issuance Proceeds and the Proceeds thereof so long as Pledgor complies with the terms of the Credit Agreement and this Agreement.