Common use of Asset Sales and Casualty Events Clause in Contracts

Asset Sales and Casualty Events. Not later than five (5) Business Days following the receipt by Borrower or any Restricted Subsidiary of any Net Cash Proceeds of any Asset Sale or Casualty Event that constitute Excess Net Cash Proceeds, Borrower shall apply such Excess Net Cash Proceeds to make prepayments in accordance with Sections 2.10(g) and (h); provided that:

Appears in 1 contract

Samples: First Lien Credit Agreement (SolarWinds Corp)

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Asset Sales and Casualty Events. Not later than five (5) Business Days following the receipt by Borrower or any Restricted Subsidiary of any Net Cash Proceeds of any Asset Sale or Casualty Event that constitute Excess Net Cash Proceeds, Borrower shall apply an amount equal to the Required Net Cash Proceeds Percentage of such Excess Net Cash Proceeds to make prepayments in accordance with Sections 2.10(g) and (h); provided that:

Appears in 1 contract

Samples: First Lien Credit Agreement (SolarWinds Corp)

Asset Sales and Casualty Events. Not later than five (5) Business Days following the receipt by Borrower or any Restricted Subsidiary Company of any Net Cash Proceeds of any Asset Sale or Casualty Event that constitute Excess Net Cash ProceedsEvent, the Borrower shall apply 100% of such Excess Net Cash Proceeds to make prepayments in accordance with Sections 2.10(gβ€Ž2.10(f) and (hβ€Ž(g); provided that:

Appears in 1 contract

Samples: Credit Agreement (Inotiv, Inc.)

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Asset Sales and Casualty Events. Not later than five (5) Business Days following the receipt by Borrower or any Restricted Subsidiary of any Net Cash Proceeds of any Asset Sale or Casualty Event that constitute Excess Net Cash Proceeds, Borrower shall apply an amount equal to the Required Net Cash Proceeds Percentage of such Excess Net Cash Proceeds to make prepayments in accordance with Sections 2.10(g2.10(h) and (hi); provided that:

Appears in 1 contract

Samples: Security Agreement (SolarWinds Corp)

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