Common use of Debt Proceeds Clause in Contracts

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in SECTION 2.06(e)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness by any Loan Party permitted pursuant to SECTION 8.03(o). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Sources: Credit Agreement (Digitalnet Holdings Inc)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal prepayments of the Term Loans in the manner set forth in SECTION 2.06(e)(viSection 4.5(c)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence issuance of Indebtedness Debt permitted by Section 11.1(c) or (i) by the Company, any Loan Party permitted pursuant to SECTION 8.03(o)Borrower or any of their respective Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds issuance of any such transactionDebt.

Appears in 1 contract

Sources: Credit Agreement (Choice One Communications Inc)

Debt Proceeds. The Borrower Borrowers shall make mandatory principal ------------- prepayments of the Loans (in the manner set forth in SECTION 2.06(e)(viSection 4.4(b)(vi) below below) of the Term Loans in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness Debt by any Loan Party Borrower or any of its Subsidiaries (except Debt permitted pursuant to SECTION 8.03(oSections 11.1(a) through 11.1(i)). Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds consummation of any such transaction.

Appears in 1 contract

Sources: Credit Agreement (GTS Duratek Inc)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in SECTION 2.06(e)(viSection 4.4(b)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness by any Loan Party Debt (other than Debt permitted pursuant to SECTION 8.03(o)Section 11.1(g) or otherwise permitted by the Required Lenders) by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Sources: Credit Agreement (Wackenhut Corrections Corp)

Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in SECTION 2.06(e)(viSection 4.4(b)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness by any Loan Party Debt (other than Debt permitted pursuant to SECTION 8.03(o)Section 11.1 or otherwise permitted by the Required Lenders) by the Borrower or any of its Restricted Subsidiaries. Such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.

Appears in 1 contract

Sources: Credit Agreement (Wackenhut Corrections Corp)