Common use of Issuance of Equity Securities Clause in Contracts

Issuance of Equity Securities. On the date of receipt by the Borrower of any cash proceeds from the issuance of any Equity Interests of the Borrower or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan), the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal and accounting fees and expenses.

Issuance of Equity Securities. On the date of receipt by the Borrower Company of any cash Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of the Borrower Capital Stock of, Company or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan)Subsidiaries, the Borrower Company shall prepay the Loans as set forth in Section 2.14(b) in an aggregate amount equal to one hundred percent (100% %) of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal and accounting fees and expenses.

Issuance of Equity Securities. On the date of receipt by the Borrower Holdings of any cash Cash proceeds from any capital contribution to, or the issuance of any Equity Interests of the Borrower Capital Stock of, Holdings or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan)Subsidiaries, the Borrower shall prepay the Loans as set forth in Section 2.14(b) in an aggregate amount equal to one hundred percent (100% %) of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal and accounting fees and expenses.

Issuance of Equity Securities. On the date of receipt by the Borrower Company of any cash Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of the Borrower Capital Stock of, Company or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan), the Borrower Company shall prepay the Term Loans to the extent then outstanding in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal and accounting fees and expensesexpense.

Issuance of Equity Securities. On the date of receipt by the Borrower of any cash proceeds from the issuance of any Equity Interests of the Borrower Holdings or any of its Subsidiaries (other than pursuant to of any employee stock Cash proceeds from any capital contribution to, or stock option compensation plan)the issuance of any Stock of, Holdings, the Borrower Borrowers shall prepay the outstanding Loans and a permanent Reserve shall be imposed against the Borrowing Base in an aggregate amount equal to one hundred percent (100% %) of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal and accounting fees and expenses, to the extent used to prepay the Loans.