Common use of Equity Issuances Clause in Contracts

Equity Issuances. Immediately upon the receipt by the Borrower or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations in an aggregate amount equal to 50% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below).

Appears in 2 contracts

Sources: Credit Agreement (Fti Consulting Inc), Credit Agreement (Fti Consulting Inc)

Equity Issuances. Immediately upon the receipt by the Borrower Company or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower Borrowers shall prepay the Loans and and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 50% of such Net Cash Proceeds (Proceeds. Any such prepayment to be applied as set forth in clause (vi) below).

Appears in 1 contract

Sources: Credit Agreement (Omega Protein Corp)

Equity Issuances. Immediately upon the receipt by the Borrower or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower shall prepay the Loans and and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 50100% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (viviii) below).

Appears in 1 contract

Sources: Credit Agreement (Allis Chalmers Energy Inc.)

Equity Issuances. Immediately upon the receipt by the Borrower or any Subsidiary of the Net Cash Proceeds of any Equity Issuance (other than an Excluded Equity Issuance), the Borrower shall prepay the Loans and and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 50100% of such Net Cash Proceeds Proceeds. Any prepayment pursuant to this clause (such prepayment to iv) shall be applied as set forth in clause (viv) below).

Appears in 1 contract

Sources: Credit Agreement (Symbion Inc/Tn)

Equity Issuances. Immediately upon the receipt by the Borrower any Loan Party or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower shall prepay the Loans and and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 50% of such Net Cash Proceeds (such prepayment to shall be applied as set forth in clause (viv) below).

Appears in 1 contract

Sources: Credit Agreement (Online Resources Corp)

Equity Issuances. Immediately upon the receipt by the Borrower or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations in an aggregate amount equal to 50100% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vivii) below).. Table of Contents

Appears in 1 contract

Sources: Credit Agreement (Practiceworks Inc)

Equity Issuances. Immediately upon the receipt by the Borrower any Loan Party or any Subsidiary of the Net Cash Proceeds net cash proceeds of any Equity Issuance, the Borrower Borrowers shall prepay the Loans and and/or Cash Collateralize the L/C Obligations as hereafter provided in Section 2.05(b)(vii) in an aggregate amount equal to 50100% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below)net cash proceeds.

Appears in 1 contract

Sources: Credit Agreement (Kid Brands, Inc)

Equity Issuances. Immediately upon the receipt by the Borrower Parent or any Subsidiary of the Net Cash Proceeds of any Equity Issuance (other than an Excluded Equity Issuance), the Borrower shall prepay the Loans and and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 50% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below)Proceeds.

Appears in 1 contract

Sources: Credit Agreement (Acadia Healthcare Company, Inc.)

Equity Issuances. Immediately upon the receipt by the Borrower Borrowers or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in an aggregate amount equal to 50% of such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below).

Appears in 1 contract

Sources: Credit Agreement (Central Parking Corp)