Mandatory Prepayments of the Term Loans. (i) Upon the incurrence or issuance by the Borrower or any of its Restricted Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.03 (unless such Indebtedness is permitted to be incurred or issued under Section 7.03 solely if the proceeds thereof are applied to prepay the Term Loans)), the Borrower shall prepay an aggregate principal amount of Term Loans equal to 100% of all Net Cash Proceeds therefrom no later than one (1) Business Day after receipt thereof by the Borrower or any such Restricted Subsidiary.
Mandatory Prepayments of the Term Loans. (a) The Borrower shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date.
Mandatory Prepayments of the Term Loans. The Borrower shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date. The Borrower shall use proceeds of the Senior Replacement Notes in excess of those used by the Borrower to redeem or otherwise acquire in full the Senior Subordinated Notes to prepay the Term Loans in full. Amounts prepaid in respect of the Term Loans pursuant to this Section 4.5 may not be reborrowed.
Mandatory Prepayments of the Term Loans. The Borrowers shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date. In connection with any such prepayment, if any LIBOR Term Loans are prepaid prior to the expiration date of the Interest Period applicable thereto, the Borrowers shall pay to the Lenders the amounts described in SECTION 5.4.
Mandatory Prepayments of the Term Loans. (a) Concurrently with the receipt by the Company or any Subsidiary of any Applicable Asset Sale Proceeds, Applicable Casualty Proceeds, Applicable Debt Issuance Proceeds, Applicable Equity Issuance Proceeds or Applicable Extraordinary Receipt Proceeds, the Company shall prepay Term Loans by an amount equal to the excess of all such Applicable Asset Sale Proceeds, Applicable Casualty Proceeds, Applicable Equity Issuance Proceeds and Applicable Extraordinary Receipt Proceeds received since the Effective Time over all prepayments of the Term Loans made pursuant to this Section 6.2.2 since the Effective Time (rounded down, if necessary, to an integral multiple of $500,000).
Mandatory Prepayments of the Term Loans. Upon receipt of the proceeds of the sale or other disposition of any Equipment or real property of Borrower which is subject to a mortgage in favor of Lender, or if any of the Equipment or real property subject to such mortgage is damaged, destroyed or taken by condemnation in whole or in part, the proceeds thereof shall be paid by Borrower to Lender as a mandatory prepayment of Term Loan A, Term Loan B or the Capital Expenditure Loan which was advanced against the value of such asset, such payment to be applied against the remaining installments of principal in the inverse order of their maturities until such Term Loan A, Term Loan B or Capital Expenditure Loan is repaid in full, and then against the remaining Term Loan and Capital Expenditure Loan as determined by Lender in its sole discretion, in the inverse order of their maturities until repaid in full, and then against the other Liabilities, as determined by Lender, in its sole discretion.
Mandatory Prepayments of the Term Loans. ...26 2.8. Method of Selecting Types and Interest Periods for New Advances....................................28 2.9. Conversion and Continuation of Outstanding Advances..28 2.10. Changes in Interest Rate, etc........................29 2.11.
Mandatory Prepayments of the Term Loans. (a) In the event of any Asset Sale by the Borrower or any Subsidiary of the Borrower, other than those Asset Sales permitted pursuant to Section 6.13(i) through (iv) and except as provided in the following sentence, upon the Borrower's or any of its Subsidiaries' (i) receipt of any Net Cash Proceeds from any such Asset Sale, or (ii) conversion to cash or Cash Equivalent Investments of non-cash proceeds received from any Asset Sale, which when aggregated with the Net Cash Proceeds from other Asset Sales consummated during the Borrower's then current fiscal year and other cash and Cash Equivalent Investments converted during such fiscal year from non-cash proceeds from any other Asset Sales exceed $5,000,000, the Borrower shall make a mandatory prepayment of the Term Loans in an amount equal to one hundred percent (100%) of such Net Cash Proceeds or such proceeds converted from non-cash to cash or Cash Equivalent Investments. Notwithstanding the foregoing, so long as no Default or Unmatured Default exists, such percentage shall be reduced to the Applicable Percentage, provided that the amount that would otherwise be required as a mandatory prepayment in accordance with the first sentence of this Section 2.7.2(a) (the "Available Net Cash Proceeds") shall be invested in assets or property (other than Cash Equivalent Investments) in the Borrower's or any Subsidiary's business within twelve months after such Asset Sale; such investment shall be deemed effected to the extent that such property or assets are acquired or constructed, commitments for such acquisition or construction are entered into and/or such property or assets are identified and a construction project related thereto has been commenced within such twelve-month period. To the extent that Available Net Cash Proceeds are not so invested within twelve months after the applicable Asset Sale, such uninvested amount shall thereupon be paid to the Agent as a mandatory prepayment in accordance with this Section 2.7.2(a). So long as no Default or Unmatured Default exists, Net Cash Proceeds of Asset Sales with respect to which the Borrower shall have given the Agent written notice prior to such Asset Sale of its intention to replace the assets within twelve months following such Asset Sale shall not be subject to the provisions of the first and second sentences of this Section 2.7.2(a) unless and to the extent that such applicable period shall have expired without such replacement having been made.
Mandatory Prepayments of the Term Loans. Prepayments on the Term Loans shall be required to be made as provided in Sections 5.11(c), 8.5(c), 8.6(b) and 8.9(b). In addition, after the Additional Facility has been reduced to zero, (1) if any amounts are received with respect to items (a), (b), or (f) on Exhibit D, then 50% of such amounts shall be applied to the prepayment of the Term Loans, applying such amounts ratably to the installments of the Term Loans in the inverse order of maturity, and (2) if any Net Proceeds of the Electrode Settlement are received such that the amount of all Net Proceeds of the Electrode Settlement at such time is in excess of $2,500,000, then 100% of such excess Net Proceeds shall be applied to the prepayment of the Term Loans, applying such amounts ratably to the installments of the Term Loans in the inverse order of maturity.
Mandatory Prepayments of the Term Loans. Concurrently with the receipt by the Company or any Subsidiary of any Applicable Term Proceeds, the Company shall prepay Term Loans by an amount equal to the excess of all such Applicable Term Proceeds received since the First Amendment Effective Date over all prepayments of the Term Loans made pursuant to this Section 6.2.3 since the First Amendment Effective Date (rounded down, if necessary, to an integral multiple of $500,000).
