Common use of Extraordinary Receipts Clause in Contracts

Extraordinary Receipts. Immediately upon the receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 100% of such Extraordinary Receipts.

Appears in 2 contracts

Samples: Credit Agreement (I3 Verticals, Inc.), Credit Agreement (I3 Verticals, Inc.)

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Extraordinary Receipts. Immediately upon Promptly following the receipt by any Loan Credit Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 100% of such Extraordinary ReceiptsReceipts (such prepayment to be applied as set forth in clause (vii) below).

Appears in 2 contracts

Samples: Credit Agreement (Jw Childs Equity Partners Ii Lp), Credit Agreement (Signal Medical Services)

Extraordinary Receipts. Immediately upon the Upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Revolving Loans and/or Cash Collateralize the L/C and thereafter, all other Obligations in an aggregate amount equal to 100% [***] of such Extraordinary ReceiptsReceipts and shall be applied as set forth in clause (v) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Mesa Air Group Inc)

Extraordinary Receipts. Immediately upon the Upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower Borrowers shall immediately prepay the Loans and/or Cash Collateralize outstanding principal amount of the L/C Prepetition Obligations and, then, Obligations in accordance with Section 2.4(f) in an aggregate amount equal to 100% of such Extraordinary Receipts.

Appears in 1 contract

Samples: Possession Credit Agreement (Ciber Inc)

Extraordinary Receipts. Immediately upon the Upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Revolving Loans and/or Cash Collateralize the L/C and thereafter, all other Obligations in an aggregate amount equal to one hundred percent (100% %) of such Extraordinary ReceiptsReceipts and shall be applied as set forth in clause (v) below.

Appears in 1 contract

Samples: Engine Lease Agreement (Mesa Air Group Inc)

Extraordinary Receipts. Immediately upon following the receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Loans and/or Cash Collateralize outstanding principal amount of the L/C Obligations in respect of the Loans in accordance with Section 2.4(f) in an aggregate amount equal to 100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.

Appears in 1 contract

Samples: Credit Agreement

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Extraordinary Receipts. Immediately upon the Upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Term Loans and/or Cash Collateralize the L/C and thereafter, all other Obligations in an aggregate amount equal to one hundred percent (100% %) of such Extraordinary ReceiptsReceipts and shall be applied as set forth in clause (vii) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AdaptHealth Corp.)

Extraordinary Receipts. Immediately upon the Upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower BorrowerBorrowers shall prepay the Term Loans and/or Cash Collateralize the L/C and thereafter, all other Obligations in an aggregate amount equal to one hundred percent (100% %) of such Extraordinary ReceiptsReceipts and shall be applied as set forth in clause (vii) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AdaptHealth Corp.)

Extraordinary Receipts. Immediately Promptly upon the receipt by any Loan Party or any Subsidiary of any Extraordinary Receipts, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100% %) of such Extraordinary ReceiptsReceipts (such prepayment shall be applied as set forth in clause (v) below).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Providence Service Corp)

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