Common use of Issuance of Indebtedness Clause in Contracts

Issuance of Indebtedness. Immediately upon the receipt by any Credit Party or any Restricted Subsidiary of any Credit Party of the Net Proceeds of the issuance of Indebtedness (other than Net Proceeds from the issuance of Indebtedness permitted hereunder , the Borrower shall deliver, or cause to be delivered, in each case promptly upon receipt by any Credit Party or any Restricted Subsidiary of any Credit Party, to the Administrative Agent an amount equal to such Net Proceeds, for application to the Loans in accordance with subsection 1.8(h).

Appears in 4 contracts

Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)

AutoNDA by SimpleDocs

Issuance of Indebtedness. Immediately Without duplication of subsection 1.9(c), immediately upon the receipt by any Credit Party or any Restricted Subsidiary of any Credit Party of the Net Issuance Proceeds of the issuance incurrence of Indebtedness (other than Net Issuance Proceeds from the issuance incurrence of Indebtedness permitted hereunder hereunder), the Borrower shall deliver, or cause to be delivered, in each case promptly upon receipt by any Credit Party or any Restricted Subsidiary of any Credit Party, to the Administrative Agent an amount equal to such Net Issuance Proceeds, in each case, for application to the Loans in accordance with subsection 1.8(h1.9(g).

Appears in 1 contract

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.