Net Debt Issuance Proceeds definition

Net Debt Issuance Proceeds means the proceeds (net of reasonable costs associated therewith) received from the incurrence of Indebtedness.

Net Debt Issuance Proceeds means an amount equal to, with respect to any incurrence of any Indebtedness of the Borrower or any Restricted Subsidiary, the cash payments received by the Borrower or any of the Restricted Subsidiaries from such incurrence of Indebtedness, less all legal, accounting, investment banking, commissions and other fees and expenses incurred in connection with or related to such incurrence of Indebtedness.

Net Debt Issuance Proceeds means, an amount equal to (i) any Cash proceeds received by Parent or any of its Subsidiaries from the incurrence of any Indebtedness by Parent or any of its Subsidiaries or the issuance of preferred stock Securities by Parent minus (ii) all underwriting discounts and commissions and other reasonable and customary costs and expenses associated with the issuance or incurrence of such Indebtedness or issuance of preferred stock Securities, including reasonable legal fees and expenses. For purposes of this definition Indebtedness shall not include any Indebtedness permitted to be incurred pursuant to Section 6.1 (other than Indebtedness incurred pursuant to Section 6.1(q))."

Examples of Net Debt Issuance Proceeds in a sentence

• On the third Business Day following receipt of the Net Debt Issuance Proceeds by any Group Member after the Closing Date, Borrower shall prepay the applicable Loans in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.

• No later than the first Business Day following the date of receipt by Borrower or any of its Subsidiaries of any Net Debt Issuance Proceeds, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.16(b) in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.

• If a Default has occurred and is continuing, then notwithstanding anything contained in this Section 2.11(b) to the contrary, the Borrower shall cause the Administrative Agent to receive immediately on receipt of the same for application as a permanent reduction to the Revolving Loans an amount equal to one hundred percent (100%) of: (i) Net Casualty Proceeds, (ii) Net Debt Issuance Proceeds, (iii) Net Equity Proceeds, and (iv) Net Disposition Proceeds.

• If as of any date, Parent or any of its Subsidiaries shall have received Aggregate Net Debt Issuance Proceeds in excess of $25,000,000 in any Fiscal Year, Company shall, no later than the third Business Day following the date of receipt of such proceeds exceeding such amount, prepay the Term Loans as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such excess.

• No later than the first Business Day following the date of receipt by Borrower or any of its Subsidiaries of any Net Debt Issuance Proceeds, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.

More Definitions of Net Debt Issuance Proceeds

Net Debt Issuance Proceeds means with respect to any Debt Issuance (whether pursuant to clause (i) of Section 8.2.2 or otherwise), the excess of (a) the gross cash proceeds received by the applicable Borrower or any of its Consolidated Entities, or by Parent or Holdings, from such Debt Issuance, over (b) all reasonable and customary legal brokerage and commitment fees and expenses incurred in connection with such Debt Issuance.

Net Debt Issuance Proceeds means the cash proceeds (net of underwriting discounts and commissions and other customary costs and expenses associated therewith, including reasonable legal fees and expenses) from the incurrence of (i) Indebtedness by any Group Member other than Indebtedness permitted by Section 7.1 or (ii) Indebtedness that is intended to constitute Credit Agreement Refinancing Indebtedness in respect of any Class of Term Loans.

Net Debt Issuance Proceeds means an amount equal to: (i) any Cash proceeds received by Borrower or any of its Subsidiaries from the incurrence of any Indebtedness of Borrower or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1 of this Agreement), minus (ii) any debt service reserves required to be established pursuant to the terms of such Indebtedness, so long as the prospective debt service payments covered by such debt service reserve do not exceed six months, underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

Net Debt Issuance Proceeds. Revolving Credit Commitment" and "Revolving Credit Commitments" in their entirety and substituting therefore the following:

Net Debt Issuance Proceeds means an amount equal to (i) any cash proceeds received by any Loan Party or any of its Subsidiaries in connection with any Indebtedness Incurred by such Loan Party or such Subsidiary (other than Specified Permitted Indebtedness or Takeout Indebtedness), including, without limitation, as a result of the establishment of a credit facility or the issuance and sale of any debt security or similar instrument by such Loan Party or such Subsidiary minus (ii) any reasonable cost, fees and expenses actually incurred by such Loan Party or such Subsidiary in connection with the Incurrence of such Indebtedness.

Net Debt Issuance Proceeds means with respect to any Debt Issuance, the excess of (a) the gross cash proceeds received by the Borrower, any Guarantor and/or any of their Consolidated Subsidiaries, from such Debt Issuance, over (b) all reasonable and customary legal, brokerage and commitment fees and expenses incurred in connection with such Debt Issuance which have not been paid to Affiliates of the Borrower or any Guarantor, as applicable, in connection therewith; provided, that proceeds of any indebtedness incurred pursuant to any Debt Issuance and utilized to refinance in full the Borrower’s obligations under the Existing Credit Agreement on terms no less favorable to the Lenders and to the Borrower than the terms under the Existing Credit Agreement as reasonably determined by the Administrative Agent shall not constitute “Net Debt Issuance Proceeds”.

Net Debt Issuance Proceeds means cash proceeds from the incurrence of Indebtedness of the Corporation or any of its subsidiaries, net of underwriting discount and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.