Common use of New Debt Clause in Contracts

New Debt. Within at most 5 (five) business days of the date on which Net Servicos incurs new Indebtedness (that is not Permitted Indebtedness, except in the case of Indebtedness for Refinancing, incurred for the first time by Net Servicos with regard to the Senior Secured Indebtedness), Net Servicos shall notify the Creditor Institutions with regard to the prepayment of the Principal Value for an amount equal to the product of i) 80% (eighty per cent) of (ii) the product of (a) the Prepayment Percentage and (b) the Cash Proceeds arising from the Indebtedness incurred or issued by Net Servicos and its Restricted Subsidiaries.

New Debt. Within at most 5 (five) business days of the date on which Net Servicos Serviços incurs new Indebtedness (that is not Permitted Indebtedness, except in the case of Indebtedness for Refinancing, incurred for the first time by Net Servicos Serviços with regard to the Senior Secured Indebtedness), Net Servicos Serviços shall notify the Creditor Institutions with regard to the prepayment of the Principal Value for an amount equal to the product of i) 80% (eighty per cent) of (ii) the product of (a) the Prepayment Percentage and (b) the Cash Proceeds arising from the Indebtedness incurred or issued by Net Servicos Serviços and its Restricted Subsidiaries.