DOE Transfer Event Sample Clauses
DOE Transfer Event. Upon receipt of “fair value” from the DOE in respect of any DOE Transfer Event, the Borrowers shall promptly take such steps as necessary to convert such “fair value” into cash and, within three (3) Business Days of the receipt by the Borrowers of such cash, the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the cash received, any prepayment to be applied in accordance with Section 2.09(c); provided that if, at the time such cash is received, no Event of Default shall have occurred and be continuing or shall result therefrom, in lieu of making a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the cash received, the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to the Revolving Commitment Ratable Share of such cash received, and such prepayment of the Revolving Loans shall be applied in accordance with Section 2.09(c).
DOE Transfer Event. Upon receipt of “fair value” from the DOE in respect of any DOE Transfer Event, the Borrowers shall promptly take such steps as necessary to convert such “fair value” into cash and, within three (3) Business Days of the receipt by the Borrowers of such cash, the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the cash received, any prepayment to be applied in accordance with Section 2.09(c).”