Common use of Mandatory Prepayments and Commitment Reductions Clause in Contracts

Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by Section 7.2 of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d).

Appears in 2 contracts

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

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Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agreeagree and without prejudice to Section 7.2, if any Indebtedness shall be is incurred after the date hereof by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by incurred in accordance with Section 7.2 as in effect on the date of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d2.12(d).

Appears in 2 contracts

Samples: Credit Agreement (Alliance Laundry Corp), Credit Agreement (Alliance Laundry Corp)

Mandatory Prepayments and Commitment Reductions. (a) Unless the ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred Incurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by Incurred in accordance with Section 7.2 of this Agreement7.2), 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 Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d2.11(c).

Appears in 1 contract

Samples: Credit Agreement (Hilfiger Tommy Corp)

Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be issued or incurred by Holdings, the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness permitted by incurred in accordance with Section 7.2 of this Agreement7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d2.11(e).

Appears in 1 contract

Samples: Credit Agreement (Doane Pet Care Co)

Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred by Holdings, the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness permitted by incurred in accordance with Section 7.2 7.2(a), (b), (c), (d), (e) and (g) as in effect on the date of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d).

Appears in 1 contract

Samples: Credit Agreement (Salton Maxim Housewares Inc)

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Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by Section 7.2 of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the Tranche C Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d).

Appears in 1 contract

Samples: And Consent Agreement (Nationwide Credit Inc)

Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agreeagree and without prejudice to Section 7.2, if any Indebtedness shall be is incurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by incurred in accordance with Section 7.2 as in effect on the date of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d2.12(d).

Appears in 1 contract

Samples: Credit Agreement (Alliance Laundry Holdings LLC)

Mandatory Prepayments and Commitment Reductions. (a) Unless ----------------------------------------------- the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred by Holdings, the Borrower or any of its Subsidiaries (excluding any Indebtedness permitted by Section 7.2 of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Tranche B Term Loans and the Tranche C Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.10(d).

Appears in 1 contract

Samples: Credit Agreement (Nationwide Credit Inc)

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