Net Refinancing Proceeds. No later than the fourth Business Day after the date of receipt by the REIT, Borrower or any of their Subsidiaries of Net Refinancing Proceeds from any Refinancing after the Closing Date, Borrower shall prepay all Term Loans in an aggregate amount equal to 100% of such Net Refinancing Proceeds.
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Sources: Credit Agreement (Apartment Investment & Management Co)
Net Refinancing Proceeds. No later than the fourth Business Day after the date of receipt by the REIT, Borrower Borrowers or any of their Subsidiaries of Net Refinancing Proceeds from any Refinancing after the Closing Date, Borrower Borrowers shall prepay all Term Loans in apply an aggregate amount equal to 100% of such Net Refinancing ProceedsProceeds to prepay the Loans and pay accrued interest thereon.
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