Common use of Incurrence of Debt Clause in Contracts

Incurrence of Debt. Without limiting the obligation of the Borrower to obtain the consent of the Required Lenders to any incurrence of Indebtedness not otherwise permitted hereunder, the Borrower agrees, on the closing of any incurrence of Indebtedness by any Credit Party (other than Indebtedness permitted pursuant to Section 8.1) to prepay the Loans hereunder (and provide cash collateral for Total LC Exposure as specified in subsection 2.4(h)), and, if applicable as provided in Section 2.9(c), the Revolving Credit Commitments hereunder shall be subject to automatic reduction, upon the date of such incurrence of Indebtedness, in an aggregate amount equal to 100% of the amount of the Net Cash Payments from such incurrence of Indebtedness received by any Credit Party, such prepayment and reduction to be effected in each case in the manner and to the extent specified in subsection 2.9(c) below.

Incurrence of Debt. Without limiting the obligation of the Borrower to obtain the consent of the Required Lenders to any incurrence of Indebtedness not otherwise permitted hereunder, the Borrower agrees, on the closing of any incurrence of Indebtedness by the Borrower or any Credit Party of its Subsidiaries (other than Indebtedness permitted pursuant to Section 8.1) to prepay the Loans hereunder (and provide cash collateral for Total LC Exposure as specified in subsection 2.4(h)), and, if applicable as provided in Section 2.9(c), and the Revolving Credit Commitments hereunder shall be subject to automatic reduction, upon the date of such incurrence of Indebtedness, in an aggregate amount equal to 100% of the amount of the Net Cash Payments from such incurrence of Indebtedness received by any Credit Partythe Borrower and its Subsidiaries, such prepayment and reduction to be effected in each case in the manner and to the extent specified in subsection 2.9(c2.8(c) below.

Incurrence of Debt. Without limiting the obligation of the Borrower to obtain the consent of the Required Lenders to any incurrence of Indebtedness not otherwise permitted hereunder, the Borrower agrees, on the closing of any incurrence of Indebtedness by any Credit Loan Party (other than Indebtedness permitted pursuant to Section 8.19.1) to prepay the Loans hereunder (and provide cash collateral Cash Collateral for Total LC Exposure Obligations, if applicable, as specified in subsection 2.4(h)), and, if applicable as provided in Section 2.9(c) and Section 2.12), the Revolving Credit Commitments hereunder shall be subject to automatic reduction, upon the date of such incurrence of Indebtedness, in an aggregate amount equal to 100% of the amount of the Net Cash Payments from such incurrence of Indebtedness received by any Credit Loan Party, such prepayment and reduction to be effected in each case in the manner and to the extent specified in subsection 2.9(c) below.

Incurrence of Debt. Without limiting the obligation of the Borrower to obtain the consent of the Required Lenders to any incurrence of Indebtedness not otherwise permitted hereunder, the Borrower agrees, on the closing of any incurrence of Indebtedness by any Credit Loan Party (other than Indebtedness permitted pursuant to Section 8.19.01) to prepay the Loans hereunder (and provide cash collateral Cash Collateral for Total LC Exposure L/C Obligations, if applicable, as specified in subsection 2.4(h)), and, if applicable as provided in Section 2.9(c2.09(c) and Section 2.12), the Revolving Credit Commitments hereunder shall be subject to automatic reduction, upon the date of such incurrence of Indebtedness, in an aggregate amount equal to 100% of the amount of the Net Cash Payments from such incurrence of Indebtedness received by any Credit Loan Party, such prepayment and reduction to be effected in each case in the manner and to the extent specified in subsection 2.9(c2.09(c) below.