Common use of Mandatory Prepayments and Commitment Reductions Clause in Contracts

Mandatory Prepayments and Commitment Reductions. (a) Unless the Required Lenders shall otherwise agree, if any Extraordinary Receipt shall be received, or Indebtedness is incurred, except for Indebtedness permitted by Section 6.3, by any Group Member, then on the date of such issuance or incurrence, the Loans shall be prepaid and the Commitments shall be reduced by an amount equal to the amount of the Net Cash Proceeds of such receipt or incurrence, as set forth in Section 2.5(c). The provisions of this Section do not constitute a consent to the issuance of any equity securities by any entity whose equity securities are pledged pursuant to the Orders, or a consent to the incurrence of any Indebtedness by any Group Member.

Mandatory Prepayments and Commitment Reductions. (a) Unless the Required Lenders shall otherwise agree, if any Extraordinary Receipt shall be received, or Indebtedness is incurred, except for Indebtedness permitted by Section 6.3, by any Group Member, then on the date of such issuance or incurrence, the Loans and the Additional Notes shall be prepaid and the Commitments shall be reduced by an amount equal to the amount of the Net Cash Proceeds of such receipt or incurrence, as set forth in Section 2.5(c). The provisions of this Section do not constitute a consent to the issuance of any equity securities by any entity whose equity securities are pledged pursuant to the Orders, or a consent to the incurrence of any Indebtedness by any Group Member.

Mandatory Prepayments and Commitment Reductions. (a) Unless the Required Lenders shall otherwise agree, if any Extraordinary Receipt Indebtedness shall be receivedincurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness is incurred, except for Indebtedness permitted by incurred in accordance with Section 6.3, by any Group Member7.2 as in effect on the date of this Agreement), then on the date of such issuance or incurrence, the Loans shall be prepaid and the Commitments shall be reduced (without any automatic reduction of Revolving Credit Commitments), by an amount equal to the amount of the Net Cash Proceeds of such receipt or incurrence, as set forth in Section 2.5(c). The provisions of this Section do not constitute a consent to the issuance of any equity securities by any entity whose equity securities are pledged pursuant to the Orders, or a consent to the incurrence of any Indebtedness by Holdings, the Borrower or any Group Memberof its Subsidiaries.

Mandatory Prepayments and Commitment Reductions. (a) Unless the Required Prepayment Lenders shall otherwise agree, if any Extraordinary Receipt Indebtedness shall be received, incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness is incurred, except for Indebtedness permitted by incurred in accordance with Section 6.3, by any Group Member7.2), then on the date of such issuance or incurrence, the Term Loans shall be prepaid and prepaid, and/or the Commitments outstanding Revolving Credit Loans shall be reduced repaid, by an amount equal to the amount of the Net Cash Proceeds of such receipt or incurrence, as set forth in Section 2.5(c2.12(d). The provisions of this Section do not constitute a consent to the issuance of any equity securities by any entity whose equity securities are pledged pursuant to the Orders, or a consent to the incurrence of any Indebtedness by the Borrower or any Group Memberof its Subsidiaries.

Mandatory Prepayments and Commitment Reductions. (a) Unless the Required Lenders shall otherwise agree, if If any Extraordinary Receipt Indebtedness shall be received, incurred by the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness is incurredincurred in accordance with Section 7.2 as in effect on the date hereof, except for Indebtedness permitted by as provided in Section 6.37.2(f)), by any Group Member, then an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence, incurrence toward the prepayment of the Term Loans shall be prepaid and the Commitments shall be reduced by an amount equal to the amount reduction of the Net Cash Proceeds of such receipt or incurrence, Revolving Credit Commitments as set forth in Section 2.5(c2.10(e). The provisions of this Section do not constitute a consent to the issuance of any equity securities by any entity whose equity securities are pledged pursuant to the Orders, or a consent to the incurrence of any Indebtedness by the Borrower or any Group Memberof its Subsidiaries not otherwise permitted under this Agreement.