Discontinued Operations. (a) Upon its sale of the Discontinued Operations, the Company shall apply the net proceeds from such sale to the repayment of the Loans, first to the extent applicable the RLC, second to the extent applicable the Term B Loan and third to the extent applicable the Term A Loan.
Appears in 4 contracts
Samples: Modification Agreement (Simula Inc), Third Modification Agreement (Simula Inc), Fifth Modification Agreement (Simula Inc)
Discontinued Operations. (a) Upon its sale of the Discontinued Operations, the Company shall apply the net proceeds from such sale to the repayment of the Loans, first to the extent applicable the RLC, second to the extent applicable the Term B Loan and third to the extent applicable the Term A Loan.
Appears in 1 contract
Samples: Senior Credit Agreement (Simula Inc)
