IPO Proceeds. Subject to the terms of SECTION 11.11 of this Agreement, the Borrower shall use the Net Cash Proceeds of any IPO to promptly make mandatory Principal prepayments of the Bridge Notes in the manner set forth in SECTION 4.03(e) in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds of any IPO.
Appears in 2 contracts
Sources: Bridge Loan Agreement (Digitalnet Holdings Inc), Bridge Loan Agreement (Digitalnet Holdings Inc)