Common use of Net Equity Proceeds Clause in Contracts

Net Equity Proceeds. Within five days prior to the ------------------- consummation of any transaction on or after the Incremental Conversion Date that would result in Net Equity Proceeds, the Company shall provide written notice to the Lenders of the anticipated closing date for such transaction and the amount of the Net Equity Proceeds. Within one Banking Day after the receipt of Net Equity Proceeds by any Obligor on or after the Incremental Conversion Date, the Company shall pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Loan.

Net Equity Proceeds. Within five days prior to the ------------------- consummation of any transaction on or after the Incremental Conversion Date Equity Transaction that would result in Net Equity Proceeds, the Company shall provide written notice to the Lenders of the anticipated closing date for such transaction Equity Transaction and the amount of the Net Equity Proceeds. Within one Banking Day after the receipt of Net Equity Proceeds by any Obligor on or after the Incremental Conversion DateObligor, the Company shall pay to the Agent as a prepayment of the Term Loan to be applied as provided in Section 4.6.2 the lesser of (a) the amount of such Net Equity Proceeds or (b) the amount of the Term Loan.