Asset Dispositions; Events of Loss. If a Credit Party or any Subsidiary of a Credit Party shall at any time or from time to time:
Asset Dispositions; Events of Loss. If the aggregate amount of the Net Proceeds received by a Credit Party in connection with a Disposition or an Event of Loss and all other Dispositions and Events of Loss occurring during any Fiscal Year exceeds $500,000, then (i) Borrower Representative shall promptly notify Agent of such proposed Disposition or Event of Loss (including the amount of the estimated Net Proceeds in respect thereof) and (ii) subject to the Intercreditor Agreement, promptly upon receipt by a Credit Party of the Net Proceeds of such Disposition or Event of Loss, Borrowers shall deliver or cause to be delivered to Agent for distribution to Lenders as a prepayment of the Obligations, an amount equal to the lesser of (A) such Net Proceeds or (B) the outstanding Obligations. If no Default or Event of Default has occurred and is continuing, such prepayment shall not be required to the extent a Credit Party reinvests the Net Proceeds of such Disposition or Event of Loss in productive assets (other than Inventory) of a kind then used or usable in the business of a Borrower, within 180 days after the date of such Disposition or Event of Loss; provided, that Borrower Representative notifies Agent of such Credit Party’s intent to reinvest, the proposed date of such reinvestment at the time such proceeds are received and the date reinvestment occurs. Pending such reinvestment, subject to the Intercreditor Agreement, an amount equal to the lesser of (A) such Net Proceeds or (B) the outstanding Obligations, shall be delivered to Agent, for distribution to the Lenders. Notwithstanding the foregoing, amounts otherwise payable pursuant to this Section 1.08(a) on account of Revolving Loan Priority Collateral (as defined in the Intercreditor Agreement), if any, shall not be payable hereunder to the extent that they are paid to the ABL Lenders pursuant to the ABL Credit Agreement.
Asset Dispositions; Events of Loss. Subject to the terms of the Intercreditor Agreement, if a Credit Party or any Subsidiary of a Credit Party shall at any time or from time to time:
Asset Dispositions; Events of Loss. If a Loan Party shall at any time or from time to time make or agree to make a Disposition other than a Permitted Disposition, or suffer an Event of Loss: then (A) the Borrower shall promptly notify the Noteholder Representative of such proposed Disposition or Event of Loss (including the amount of the estimated Net Proceeds to be received by a Loan Party) and (B) promptly upon receipt by a Loan Party of the Net Proceeds of such Disposition or Event of Loss, the Borrower shall deliver, or cause to be delivered, such excess Net Proceeds to the Noteholder Representative for distribution to the Purchasers as a prepayment of the Loans, which prepayment shall be applied in accordance with Section 2.6(d).
Asset Dispositions; Events of Loss. Subject to the Intercreditor Agreement and Section 2.5(g)(ii) and (iii) if a Loan Party or any Subsidiary of a Loan Party (other than any Excluded Subsidiary) shall at any time or from time to time:
Asset Dispositions; Events of Loss. Subject to the terms of the ABL Intercreditor Agreement with respect to Dispositions and Events of Loss in respect of ABL Priority Collateral, if a Credit Party or any Restricted Subsidiary shall at any time or from time to time:
Asset Dispositions; Events of Loss. If the Borrower or any of its Subsidiaries shall at any time or from time to time make or agree to make an Asset Disposition constituting less than a Substantial Portion or shall suffer an Event of Loss constituting less than or greater than a Substantial Portion, then (i) the Borrower shall promptly notify the Administrative Agent of such proposed Asset Disposition or Event of Loss (including the amount of the estimated Net Proceeds to be received by the Borrower in respect thereof) and (ii) promptly upon receipt by the Borrower or its Subsidiary of the Net Proceeds of such Asset Disposition or on account of such Event of Loss (and in any event not later than the third Business Day following such receipt), the Borrower shall prepay Loans in accordance with subsection 2.7(c) hereof in each case in an aggregate amount equal to the amount of such Net Proceeds; PROVIDED, HOWEVER, that the Borrower shall not be required to prepay Loans upon receipt of such Net Proceeds of any Asset Disposition or Event of Loss constituting less than a Substantial Portion to the extent that such Net Proceeds are reinvested by the Borrower in substantially similar assets within 180 days from the receipt thereof.
Asset Dispositions; Events of Loss. Following the occurrence of a Trigger Event and until such Trigger Event is no longer relevant, if a Credit Party or any Subsidiary of a Credit Party shall at any time or from time to time:
Asset Dispositions; Events of Loss. If the Parent Borrower or any Restricted Subsidiary shall at any time or from time to time:
