Common use of Financings Clause in Contracts

Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the Borrower, within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash Proceeds, the Borrower shall make a mandatory prepayment of the Loans, subject to the provisions governing the application of payments set forth in Section 2.2(e), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds.

Appears in 2 contracts

Samples: Credit Agreement (Headwaters Inc), Credit Agreement (Headwaters Inc)

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Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the Borrower, within three (3) Business Days after the Borrower's ’s or any of its Subsidiaries' receipt of any Net Cash Proceeds, the Borrower shall make a mandatory prepayment of the Revolving Loans, subject to the provisions governing the application of payments set forth in Section 2.2(e2.2(d), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Abx Air Inc)

Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the BorrowerBorrower (other than a Financing consisting solely Refinancing Indebtedness), within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash ProceedsProceeds from such Financing, the Borrower shall make a mandatory prepayment of the Loans, subject to outstanding principal amount of the provisions governing Revolving Loans in the application of payments set forth in Section 2.2(e), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds. Such mandatory prepayment shall be applied in accordance with Section 2.2.5.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Petroleum Corp /New/)

Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the BorrowerSubsidiary, within three (3) Business Days after the Borrower's ’s or any of its Subsidiaries' receipt of any Net Cash ProceedsProceeds from any such Financing, the Borrower shall make a mandatory prepayment of the LoansLoans and cash collateralize the Reimbursement Obligations, subject to the provisions governing the application of payments set forth in Section 2.2(e2.4(d), in an amount equal to one hundred percent (100%) the Relevant Prepayment Percentage of such Net Cash Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Financings. Upon the consummation of any Financing by ---------- the Borrower or any Subsidiary of the BorrowerSubsidiary, within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash ProceedsProceeds from any such Financing, the Borrower shall make a mandatory prepayment of the LoansLoans and cash collateralize the Reimbursement Obligations, subject to the provisions governing the application of payments set forth in Section 2.2(e2.4(d), in an amount equal to one hundred percent (100%) the Relevant Prepayment Percentage of such Net Cash Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

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Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the Borrower, within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash ProceedsProceeds from such Financing, the Borrower shall make a mandatory prepayment of the LoansObligations, subject to the provisions governing the application of payments set forth in Section 2.2(e2.2(d), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds.

Appears in 1 contract

Samples: Bridge Credit Agreement (Patterson Dental Co)

Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the Borrower, within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash Proceeds, the Borrower shall make a mandatory prepayment of the Term Loans, subject to the provisions governing the application of payments set forth in Section 2.2(e2.2(d), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds.

Appears in 1 contract

Samples: Credit Agreement (Res Care Inc /Ky/)

Financings. Upon the consummation of any Financing by the Borrower or any Subsidiary of the Borrower, within three (3) Business Days after the Borrower's or any of its Subsidiaries' receipt of any Net Cash ProceedsProceeds from such Financing, the Borrower shall make a mandatory prepayment of the Loans, subject to outstanding principal amount of the provisions governing Loans in the application of payments set forth in Section 2.2(e), in an amount equal to one hundred percent (100%) of such Net Cash Proceeds. Such mandatory prepayment shall be applied in accordance with Section 2.2.5.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Trading Co)

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