Other Mandatory Repayments. (i) In the event that after the Agreement Date, any Borrower Party shall issue any Equity Interests or shall incur any Funded Debt other than Funded Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid within one (1) Business Day of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Agent Advances, second to repay outstanding Swing Loans, third to repay outstanding Revolving Loans, and fourth, if an Event of Default has occurred and is continuing, to fund the Letter of Credit Reserve Account to the extent of one hundred five percent (105%) of any Letter of Credit Obligations then outstanding. So long as no Event of Default exists, all such other Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(a). Notwithstanding the foregoing, if an Event of Default exists, all such Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(b). The Revolving Loan Commitment shall not be permanently reduced by the amount of any payment of the Agent Advances, Swing Loans or Revolving Loans due under this Section 2.6(c)(i). Nothing in this Section shall authorize any Borrower Party to incur any Funded Debt except as expressly permitted by this Agreement or to issue any Equity Interests except to the extent not prohibited by this Agreement.
Other Mandatory Repayments. Unless otherwise agreed by the Borrower and the Required Lenders, the Borrower Parties shall use the Net Cash Proceeds received from (x) any Disposition (excluding Retained Proceeds and issuances of Capital Stock by any Subsidiary of MAC to the existing holders of its Capital Stock pro rata based on their existing ownership percentages at such time), (y) any casualty or condemnation event or asset swap (excluding Retained Proceeds) or (z) the incurrence of any Indebtedness of the type described in clauses (i) and (ii) of the definition thereof by the Macerich Entities, promptly (but in any event (I) within three (3) Business Days of the consummation thereof in the case of any Disposition, casualty or condemnation event or asset swap and (II) within one (1) Business Day of the consummation thereof in the case of any incurrence of any Indebtedness of the type described in clauses (i) and (ii) of the definition thereof) to repay a portion of the Credit Exposure as follows: (i) prior to repayment in full of the Term Loans, the Borrower shall apply (A) 65% of such Net Cash Proceeds to the repayment of the Term Loans and (B) the remaining 35% of such Net Cash Proceeds as the Borrower determines in the Borrower’s sole discretion and (ii) from and after repayment in full of the Term Loans, the Borrower shall apply (A) 80% of such Net Cash Proceeds to the repayment of any Indebtedness of the Macerich Entities that is secured by a Lien (including, at the Borrower’s discretion, the Revolving Loans and LC Disbursements (or Cash Collateralization of any issued and outstanding Letters of Credit)) and (B) the remaining 20% of such Net Cash Proceeds as the Borrower determines in its sole discretion.
Other Mandatory Repayments. 4.3.1 Subject to the other subsections of this Section 4.3, if at any time the sum of all Loans outstanding under the Facility exceeds the Maximum Amount the Borrower will immediately repay to the Lender an amount of the applicable Loans outstanding at least equal to that excess.
Other Mandatory Repayments. (i) If at any time the aggregate outstanding principal amount of the Revolving Loans shall exceed the Revolving Loan Commitment in effect at such time, the Borrower shall make a principal repayment of the Revolving Loans in an amount equal to such excess.
Other Mandatory Repayments. (i) In the event that after the Agreement Date, any Borrower Party shall issue any Equity Interests or shall incur any Funded Debt other than Funded Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid within one (1) Business Day of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Agent Advances, second to outstanding Swing Loans and then to repay outstanding Revolving Loans. So long as no Event of Default exists, all such other Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(a). Notwithstanding the foregoing, if an Event of Default exists, all such Net Cash Proceeds shall be applied in the manner set forth in Section 2.11(b). The Revolving Loan Commitment shall not be permanently reduced by the amount of any payment of the Agent Advances, Swing Loans or Revolving Loans due under
Other Mandatory Repayments. In addition to the scheduled repayments set forth in Section 4.1(a), the Borrower shall, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, repay Borrowings under the Syndicated Facility from each of the sources set forth below:
Other Mandatory Repayments. (i) In the event that after the Agreement Date, the Parent shall issue any Equity Interests (other than Equity Interests issued to sellers in connection with any acquisition permitted under Section 8.7(d)) or any Borrower Party shall incur any Total Debt other than Total Debt permitted under Section 8.1, one hundred percent (100%) of the Net Cash Proceeds received by such Borrower Party from such issuance or incurrence shall be paid on the date of receipt of the proceeds thereof by such Borrower Party to the Lenders as a mandatory payment of the Loans. Any payment due hereunder shall be applied first to repay outstanding Swing Loans and then to repay outstanding Revolving Loans. Nothing in this Section shall authorize any Borrower Party to issue any Equity Interests except to the extent not prohibited by this Agreement or incur any Total Debt except as expressly permitted by this Agreement.
Other Mandatory Repayments. (i) No later than one hundred twenty (120) days after the end of each fiscal year commencing with the December 2000 fiscal year end of the Borrower, the Borrower shall pay to the Lenders, as a mandatory payment of the Term Loan, a sum equal to such percentage of the Excess Cash Flow for such fiscal year determined based on the Funded Debt/Adjusted EBITDA Ratio as set forth below: If the Funded Debt/Adjusted EBITDA Ratio is: Then the percentage of Excess Cash Flow to be repaid is: Less than 2.50 to 1.00 50 % Equal to or greater than 2.50 to 1.00 75 % The payment due hereunder shall be applied on a pro-rata basis to the principal amount due on the Tranche A Loan and the Tranche B Loan. Any surplus shall be applied first to repay outstanding Swing Loans and then to repay outstanding Revolving Loans. The portion of such payments allocated to the Tranche A Loan shall be applied to reduce the quarterly principal installments set forth in Section 2.6(b) on a pro-rata basis. The portion of such payments allocated to the Tranche B Loan shall be applied to reduce the quarterly principal installments set forth in Section 2.6(c) on a pro-rata basis.
Other Mandatory Repayments. (i) [Intentionally Omitted].
Other Mandatory Repayments. The Borrowers shall also be required to make mandatory repayments of the Loans:
