Capital Markets Transactions. No later than two Business Days ---------------------------- following the receipt by Company or any of its Subsidiaries of any Net Securities Proceeds, Company shall prepay the Loans and the Aggregate Commitment shall be permanently reduced in an aggregate amount equal to the product of such Net Securities Proceeds times (i) until Net Securities Proceeds in an amount ----- equal to $300,000,000 in the aggregate have been applied to reduce the Aggregate Bridge Commitment, zero (0)% and (ii) thereafter, the Four Facility Commitment Reduction Fraction.
Appears in 2 contracts
Samples: Credit Agreement (Levi Strauss & Co), Credit Agreement (Levi Strauss & Co)
Capital Markets Transactions. No later than two Business Days ---------------------------- following the receipt by Company or any of its Subsidiaries of any Net Securities Proceeds, Company shall prepay the Loans and the Aggregate Bridge Commitment shall be permanently reduced in an aggregate amount equal to the product of such Net Securities Proceeds times (i) until Net Securities Proceeds ----- in an amount ----- equal to $300,000,000 in the aggregate have been applied to reduce the Aggregate Bridge Commitment, zero (0)% 100% and (ii) thereafter, the Four Facility Commitment Reduction Fraction.
Appears in 1 contract
Capital Markets Transactions. No later than two Business Days ---------------------------- following the receipt by Company or any of its Subsidiaries of any Net Securities Proceeds, Company shall prepay the Loans and the Aggregate 180 Day Commitment shall be permanently reduced in an aggregate amount equal to the product of such Net Securities Proceeds times (i) until Net Securities Proceeds ----- in an amount ----- equal to $300,000,000 in the aggregate have been applied to reduce the Aggregate Bridge Commitment, zero (0)% and (ii) thereafter, the Four Facility Commitment Reduction Fraction.
Appears in 1 contract
