Common use of Capitalization of Holdings and Borrower Clause in Contracts

Capitalization of Holdings and Borrower. On or before the Closing Date, Holdings or Borrower, as applicable, shall have received (i) the Equity Contribution and (ii) at least $260,700,000 of gross proceeds from the initial borrowings under the Second Lien Credit Agreement, and Administrative Agent shall have received executed copies of all documentation relating to the Second Lien Credit Agreement, in form and substance reasonably satisfactory to it.

Capitalization of Holdings and Borrower. On or before the Closing Date, Holdings or Borrower, as applicable, shall have received (i) the Equity Contribution and (ii) at least $260,700,000 725,000,000 of gross proceeds from the initial borrowings under the Second First Lien Credit Agreement, and Administrative Agent shall have received executed copies of all documentation relating to the Second First Lien Credit Agreement, in form and substance reasonably satisfactory to it.