Application of mandatory prepayments and cancellations. (a) A prepayment of Utilisations or cancellation of Available Commitments made under Clause 8.2 (Disposal, Insurance and Acquisition Proceeds and Excess Cashflow) shall be applied in the following order:
Application of mandatory prepayments and cancellations. Note Repurchases and Asset dispositions
Application of mandatory prepayments and cancellations. (a) A prepayment of the Loan made under Clause 8.2 (Disposal, Insurance and Recovery Proceeds), Clause 8.3 (Permitted Restructuring Proceeds), Clause 8.4 (Cure Amount), Clause 8.5 (Secondary Permitted Subsidiary Capital Raising Proceeds) or under paragraph (c) of Clause 8.1 (Exit and Flotation) shall be applied in prepayment of the Loan as contemplated in paragraphs (b) to (d) inclusive below.
Application of mandatory prepayments and cancellations. (b) No prepayment in accordance with paragraph (a) above is required:
Application of mandatory prepayments and cancellations provided that on the Reinvestment End Date, the Parent shall procure that an amount of the Facilities is prepaid so as to ensure that the financial ratios set out in Clause 23.2 (Financial Ratios) for the Latest Ratio Period would not be breached if such financial ratios were tested for that Latest Ratio Period taking into account (on a pro forma basis) all disposals made since the last day of that Latest Ratio Period and the amount of such prepayment but without taking into account in the calculation of Cash any Net Proceeds that have not been reinvested as at such Reinvestment End Date.
Application of mandatory prepayments and cancellations. 8.5.1 A prepayment of Loans or cancellation of Available Commitments made under Clause 8.3 (Disposal and Insurance Proceeds) shall be applied in prepayment of Term Loans as contemplated in Clauses 8.5.2 to 8.5.5 inclusive.
Application of mandatory prepayments and cancellations. (a) Prior to the expiry of the Certain Funds Period, a prepayment of Utilisations or cancellation of Available Commitments made under 9.3(b) (Bond and Equity, Acquisition and Insurance Proceeds) shall be applied in the following order:
Application of mandatory prepayments and cancellations. (a) A prepayment of Loans or cancellation of Available Commitments made under Clause 7.4 (Disposal and Acquisition Proceeds) shall be applied promptly (and in any event within three Business Days) upon receipt of such amounts by any member of the Group (or such amounts ceasing to constitute Excluded Acquisition Proceeds or Excluded Disposal Proceeds, as applicable) as follows:
Application of mandatory prepayments and cancellations. (a) Subject to the Intercreditor Agreement and paragraph (c) below any cancellation and if applicable, prepayment made under Clause 8.2 (Disposals) or Clause 8.3 (Financing Proceeds) shall be offered or applied in prepayment of the outstanding Loan pro rata.
Application of mandatory prepayments and cancellations. (a) Subject to the Intercreditor Agreement, a prepayment pursuant to Clause 9.2 (Disposal and Insurance Proceeds), Clause 9.3 (Excess Cashflow) or Clause 9.4 ([***] Perpetual License Prepayment) shall be applied, pro rata in prepayment of Facility B Loans and, at the Parent’s option, any other senior secured indebtedness ranking pari passu with Facility B (including, for the avoidance of doubt, Accordion Loans).
