Common use of Issuances of Equity Clause in Contracts

Issuances of Equity. Immediately upon receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ix) below).

Appears in 2 contracts

Samples: Credit Agreement (Galey & Lord Inc), Credit Agreement (Galey & Lord Inc)

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Issuances of Equity. Immediately Promptly, upon receipt by a any Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixx) below).

Appears in 2 contracts

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

Issuances of Equity. Immediately upon receipt by a any Credit Party or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-one hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixvii) below).

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Issuances of Equity. Immediately upon receipt by a Credit Party or any Subsidiary of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ix) below).

Appears in 1 contract

Samples: Credit Agreement (Prospect Energy Corp)

Issuances of Equity. Immediately upon receipt by a Credit Party the Borrower or any of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixv) below).

Appears in 1 contract

Samples: Credit Agreement (Sterile Recoveries Inc)

Issuances of Equity. Immediately upon receipt by a Credit ------------------- Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixv) below).

Appears in 1 contract

Samples: Credit Agreement (Engineered Support Systems Inc)

Issuances of Equity. Immediately upon receipt by a Credit the Parent or any Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixv) below).

Appears in 1 contract

Samples: Credit Agreement (Extendicare Health Services Inc)

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Issuances of Equity. Immediately upon ------------------- receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-hundred percent (100%) 50% of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixvii) below).

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Issuances of Equity. Immediately upon receipt by a Credit Consolidated Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans Term Loan in an aggregate amount equal to one-hundred percent (100%) % of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixv) below).

Appears in 1 contract

Samples: Credit Agreement (Pluma Inc)

Issuances of Equity. Immediately upon receipt by a Credit Party of proceeds from any Equity Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one-one hundred percent (100%) of the Net Cash Proceeds of such Equity Issuance to the Lenders (such prepayment to be applied as set forth in clause (ixviii) below).

Appears in 1 contract

Samples: Fourth Amendment and Forbearance Agreement (BGF Industries Inc)

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