Examples of Required Portion in a sentence
Any funds remaining from the Required Portion at such time as the Sellers’ Representative determines that such funds are no longer necessary shall be released to the holders of Company Capital Stock according to their pro rata share of such funds promptly after such determination.
Prepayment Lenders and the Primary Borrower shall otherwise agree, if on any date the Primary Borrower or any of its Non-Insurance Subsidiaries shall receive Net Proceeds from any Asset Sale or Recovery Event, then, on such date, the Term Loans shall be prepaid, and/or the Revolving Credit Commitments shall be reduced, in each case in accordance with Section 2.12(d), by the Required Portion of such Net Proceeds.
If there is any cash in the Expenses Escrow Fund in excess of the Required Portion on the Expiration Date, the Escrow Agent shall promptly release from escrow to the holders of Company Capital Stock their pro rata share of the Expenses Escrow Fund less the Required Portion, if any.