Common use of MANDATORY PREPAYMENT FROM FORCED DRAW PROCEEDS Clause in Contracts

MANDATORY PREPAYMENT FROM FORCED DRAW PROCEEDS. Upon its receipt of a notice from the Working Capital Facility Agent, specifying that a Forced Draw is required to be made under the Working Capital Facility, the Parent will promptly provide a copy of such a notice to the Agent. If such a Forced Draw is to be made on or after the Pushdown Date and if required by an Instructing Group:

Appears in 2 contracts

Sources: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)