Common use of Mandatory Prepayment of Term Loans Clause in Contracts

Mandatory Prepayment of Term Loans. (1) The Borrower will apply all Net Cash Proceeds received in an Asset Sale made pursuant to Section 6.05(2) (other than any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 7 contracts

Samples: Second Amendment Agreement (PET Acquisition LLC), Merger Agreement (PET Acquisition LLC), First Amendment Agreement (PET Acquisition LLC)

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Mandatory Prepayment of Term Loans. (1) The Borrower will apply all Net Cash Proceeds received in an Asset Sale made pursuant to Section 6.05(2) (other than Net Cash Proceeds attributable to any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 3 contracts

Samples: Security Agreement (BJ's Wholesale Club Holdings, Inc.), Security Agreement (BJ's Wholesale Club Holdings, Inc.), Security Agreement (BJ's Wholesale Club Holdings, Inc.)

Mandatory Prepayment of Term Loans. (1) The Borrower will apply all Net Cash Proceeds received in an Asset Sale made pursuant to Section 6.05(2) (other than Net Cash Proceeds attributable to any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Leslie's, Inc.), Term Loan Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.)

Mandatory Prepayment of Term Loans. (1) The Subject to Sections 2.08(6), 2.08(8) and 2.08(9), the Borrower will apply 100% of all Net Cash Proceeds received by it or any of its Restricted Subsidiaries in an Asset Sale made pursuant to Section 6.05(2) the General Asset Sale Basket (other than any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Leaseback Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 3 contracts

Samples: Credit Agreement (Amneal Pharmaceuticals, Inc.), Assignment and Acceptance (Amneal Pharmaceuticals, Inc.), Loan Credit Agreement (Impax Laboratories, LLC)

Mandatory Prepayment of Term Loans. (1) The Borrower Borrowers will apply all Net Cash Proceeds received after the Closing Date in an Asset Sale made pursuant to Section 6.05(2) (other than any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower Holdings has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Venator Materials PLC), Term Loan Credit Agreement (Venator Materials PLC)

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Mandatory Prepayment of Term Loans. (1) The Borrower Borrowers will apply an amount equal to all Net Cash Proceeds received after the Closing Date in an Asset Sale made pursuant to Section 6.05(2) (other than any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay the prepayment of Term Loans within ten five (5) Business Days following receipt of such Net Cash Proceeds, unless the Borrower Holdings has delivered a Reinvestment Notice on or prior to such tenth fifth (5th) Business Day; provided that:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Venator Materials PLC)

Mandatory Prepayment of Term Loans. (1) The Subject to the last paragraph of this Section 2.08, the Borrower will apply all Net Cash Proceeds received in an Asset Sale made pursuant to Section 6.05(2) (other than Net Cash Proceeds attributable to any ABL Priority Collateral Asset Sale) or any Sale and Lease-Back Transaction to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day; provided that:

Appears in 1 contract

Samples: Lease Agreement (BJ's Wholesale Club Holdings, Inc.)

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