Net Cash Proceeds. Deposit all of the Net Cash Proceeds received by the Borrower from and after the Effective Date from Asset Sales (other than Net Cash Proceeds required to be applied to prepay or repay the Facilities or the Debt outstanding under the Term Credit Agreement) in the Mafco Collateral Account.
Appears in 2 contracts
Samples: Term Credit Agreement (Andrews Group Inc /De/), Revolving Credit Agreement (Andrews Group Inc /De/)
Net Cash Proceeds. Deposit all of the Net Cash Proceeds received by the Borrower from and after the Effective Date from Asset Sales (other than Net Cash Proceeds required to be applied to prepay or repay the Facilities or the Debt outstanding under the Term Revolving Credit Agreement) in the Mafco Collateral Account.
Appears in 1 contract
Net Cash Proceeds. Deposit all of the Net Cash Proceeds received by the Borrower from and after the Effective Date from Asset Sales (other than Net Cash Proceeds required to be applied to prepay or repay the Term Facilities or the Debt outstanding under the Term Revolving Credit Agreement) in the Mafco Collateral Account.
Appears in 1 contract
Samples: Revolving Credit Agreement (Andrews Group Inc /De/)
