Common use of Net Equity Proceeds Clause in Contracts

Net Equity Proceeds. Upon receipt of Net Equity Proceeds by the Company or any of its Subsidiaries, the Company shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan.

Appears in 2 contracts

Sources: Credit Agreement (Nextera Enterprises Inc), Credit Agreement (Nextera Enterprises Inc)

Net Equity Proceeds. Upon receipt of Net Equity Proceeds by the Company or any of its Subsidiaries, the Company Borrower shall within one Banking Day pay to the Agent as a prepayment of the Loan Loans to be applied as provided in Section 4.5.2 4.1.4 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the LoanLoans.

Appears in 1 contract

Sources: Credit Agreement (Pediatrix Medical Group Inc)

Net Equity Proceeds. Upon receipt of Net Equity Proceeds by ------------------- the Company or any of its Subsidiaries, the Company Borrowers shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 4.6.2 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan.

Appears in 1 contract

Sources: Credit Agreement (Westower Corp)

Net Equity Proceeds. Upon receipt of Net Equity Proceeds by the Company or any of its Subsidiaries, the Company Borrowers shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan.

Appears in 1 contract

Sources: Credit Agreement (Marquee Group Inc)