Common use of Mandatory Prepayment Events Clause in Contracts

Mandatory Prepayment Events. (i)The Company shall, prior to 10:00 a.m., New York City time, not less than three Business Days (or such shorter time as the Administrative Agent may agree in its sole discretion) prior to the occurrence of any Prepayment Event (regardless of whether the Net Proceeds thereof would be required to be applied to prepay the Loans or the 3-Year DDTL Loans or reduce Commitments hereunder or commitments in respect of the 3-Year DDTL Loans), deliver a notice (the “Prepayment Notice”) thereof to the Administrative Agent, which shall set forth the (i) aggregate proceeds from such Prepayment Event, (ii) the Net Proceeds therefrom, and (iii) the amount of any Loans, 3-Year DDTL Loans, or any interest in respect of the Loans or 3-Year DDTL Loans to be paid, and/or the undrawn portion of any Commitments or commitments in respect of the 3-Year DDTL Loans expected to be permanently reduced and terminated in connection therewith, in each case, in accordance with Section 2.08(b)(ii) below (and any elections the Company may make in respect thereof). Any prepayments made under this Section 2.08(b) shall be subject to the requirements of Section 2.13.

Mandatory Prepayment Events. (i)The i) The Company shall, prior to 10:00 a.m., New York City time, not less than three Business Days (or such shorter time as the Administrative Agent may agree in its sole discretion) prior to the occurrence of any Prepayment Event (regardless of whether the Net Proceeds thereof would be required to be applied to prepay the Loans or the 318-Year Month DDTL Loans or reduce Commitments hereunder or commitments in respect of the 318-Year Month DDTL Loans), deliver a notice (the “Prepayment Notice”) thereof to the Administrative Agent, which shall set forth the (i) aggregate proceeds from such Prepayment Event, (ii) the Net Proceeds therefrom, and (iii) the amount of any Loans, 318-Year Month DDTL Loans, or any interest in respect of the Loans or 318-Year Month DDTL Loans to be paid, and/or the undrawn portion of any Commitments or commitments in respect of the 318-Year Month DDTL Loans expected to be permanently reduced and terminated in connection therewith, in each case, in accordance with Section 2.08(b)(ii) below (and any elections the Company may make in respect thereof). Any prepayments made under this Section 2.08(b) shall be subject to the requirements of Section 2.13.

Mandatory Prepayment Events. (i)The Company shall, prior to 10:00 a.m., New York City time, not less than three Business Days (or such shorter time as the Administrative Agent may agree in its sole discretion) prior to the occurrence of any Prepayment Event (regardless of whether the Net Proceeds thereof would be required to be applied to prepay the Loans or the 318-Year Month DDTL Loans or reduce Commitments hereunder or commitments in respect of the 318-Year Month DDTL Loans), deliver a notice (the “Prepayment Notice”) thereof to the Administrative Agent, which shall set forth the (i) aggregate proceeds from such Prepayment Event, (ii) the Net Proceeds therefrom, and (iii) the amount of any Loans, 318-Year Month DDTL Loans, or any interest in respect of the Loans or 318-Year Month DDTL Loans to be paid, and/or the undrawn portion of any Commitments or commitments in respect of the 318-Year Month DDTL Loans expected to be permanently reduced and terminated in connection therewith, in each case, in accordance with Section 2.08(b)(ii) below (and any elections the Company may make in respect thereof). Any prepayments made under this Section 2.08(b) shall be subject to the requirements of Section 2.13.

Mandatory Prepayment Events. (i)The i) The Company shall, prior to 10:00 a.m., New York City time, not less than three Business Days (or such shorter time as the Administrative Agent may agree in its sole discretion) prior to the occurrence of any Prepayment Event (regardless of whether the Net Proceeds thereof would be required to be applied to prepay the Loans or the 3-Year DDTL Loans or reduce Commitments hereunder or commitments in respect of the 3-Year DDTL Loans), deliver a notice (the “Prepayment Notice”) thereof to the Administrative Agent, which shall set forth the (i) aggregate proceeds from such Prepayment Event, (ii) the Net Proceeds therefrom, and (iii) the amount of any Loans, 3-Year DDTL Loans, or any interest in respect of the Loans or 3-Year DDTL Loans to be paid, and/or the undrawn portion of any Commitments or commitments in respect of the 3-Year DDTL Loans expected to be permanently reduced and terminated in connection therewith, in each case, in accordance with Section 2.08(b)(ii) below (and any elections the Company may make in respect thereof). Any prepayments made under this Section 2.08(b) shall be subject to the requirements of Section 2.13.