Equity Transactions. Prepayment will be made on the Obligations in an amount equal to fifty percent (50%) of the Net Cash Proceeds from any Equity Transactions on the Business Day following receipt thereof; provided that no such payment shall be required under this clause (iv), if the Consolidated Leverage Ratio as of the period of the four Fiscal Quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.1 is less than or equal to 2.5:1.0.
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Samples: Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc)
Equity Transactions. Prepayment will be made on the Obligations in an amount equal to fifty percent (50%) of the Net Cash Proceeds from any Equity Transactions on the Business Day following receipt thereof; provided that no such payment shall be required under this clause (iv), if the Consolidated Net Leverage Ratio as of the period of the four Fiscal Quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.1 is less than or equal to 2.5:1.0.
Appears in 1 contract
Equity Transactions. Prepayment will be made on the Obligations in an amount equal to fifty percent (50%) of the Net Cash Proceeds from any Equity Transactions (other than a Qualifying IPO) by the Borrower on the Business Day following receipt thereof; provided that no such payment shall be required under this clause (iv), if the Consolidated Leverage Ratio as of the period of the four Fiscal Quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.1 is less than or equal to 2.5:1.0.
Appears in 1 contract
Samples: Loan and Security Agreement (Guardian Pharmacy Services, Inc.)
