Common use of Dispositions of Collateral Clause in Contracts

Dispositions of Collateral. Within three (3) Business Days of the receipt by the Parent or any of its Subsidiaries of any Net Proceeds from a Disposition of Loan Program Assets not permitted by Section 6.04, the Borrower shall prepay the Loans in an amount equal to 100% of such Net Proceeds; provided that with respect to any Disposition of Loan Program Assets constituting Cash Equivalents, Accounts or Inventory, the Borrower shall not be required to make a mandatory prepayment under this Section 2.06(b)(i) in respect of the Net Proceeds with respect to such Disposition to the extent such Net Proceeds are reinvested in assets used or useful in the business of the Parent or any of its Subsidiaries within 270 days following receipt thereof.‌

Dispositions of Collateral. Within three (3) Business Days of the receipt by the Parent or any of its Subsidiaries of any Net Proceeds from a Disposition of Loan Program Assets not permitted by Section 6.04, the Borrower shall prepay the Loans in an amount equal to 100% of such Net Proceeds; provided that with respect to any Disposition of Loan Program Assets constituting Cash Equivalents, Accounts or Inventory, the Borrower shall not be required to make a mandatory prepayment under this Section 2.06(b)(i) in respect of the Net Proceeds with respect to such Disposition to the extent such Net Proceeds are reinvested in assets used or useful in the business of the Parent or any of its Subsidiaries within 270 days following receipt thereof.‌thereof.