Common use of Other Required Prepayments Clause in Contracts

Other Required Prepayments. If the terms of any agreement, instrument or indenture pursuant to which any Indebtedness (other than the Obligations) pari passu with or junior in right of payment to the Loans is outstanding (or pursuant to which such Indebtedness is guaranteed) require prepayment of such Indebtedness out of the Net Available Proceeds of any Asset Sale unless such Net Available Proceeds are used to prepay other Indebtedness, then, to the extent not otherwise required by this Section 2.10(a), if the Companies shall not have reinvested the Net Available Proceeds thereof as permitted by Section 2.10(a)(v) within the time frame permitted thereby (but prior to the date required to be applied to such Indebtedness), the Loans shall be repaid in an amount not less than the minimum amount that would be required to be prepaid not later than the latest time as and upon such terms so that such other Indebtedness will not be required to be prepaid pursuant to the terms of the agreement, indenture or instrument or guarantee governing such other Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (Colony Rih Acquisitions Inc)

Other Required Prepayments. If the terms of any agreement, instrument or indenture pursuant to which any Indebtedness (other than the Obligations) pari passu PARI PASSU with or junior in right of payment to the Loans is outstanding (or pursuant to which such Indebtedness is guaranteed) require prepayment of such Indebtedness out of the Net Available Proceeds of any Asset Sale Disposition unless such Net Available Proceeds are used to prepay other Indebtedness, then, to the extent not otherwise required by this Section 2.10(a), if the Companies shall not have reinvested the Net Available Proceeds thereof as permitted by Section 2.10(a)(v2.10(a)(iv) within the time frame permitted thereby (but prior to the date required to be applied to such Indebtedness), ) the Loans shall be repaid in an amount not less than the minimum amount that would be required to be prepaid not later than the latest time as and upon such terms so that such other Indebtedness will not be required to be prepaid pursuant to the terms of the agreement, indenture or instrument or guarantee governing such other Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (Quest Diagnostics Inc)

Other Required Prepayments. If the terms of any agreement, instrument or indenture pursuant to which any Indebtedness (other than the Obligations) pari passu PARI PASSU with or junior in right of payment to the Loans is outstanding (or pursuant to which such Indebtedness is guaranteed) require prepayment of such Indebtedness out of the Net Available Proceeds of any Asset Sale Disposition unless such Net Available Proceeds are used to prepay other IndebtednessIndebtedness or reinvested in the business of the Companies, then, to the extent not otherwise required by this Section 2.10(a), if the Companies shall not have reinvested the Net Available Proceeds thereof as permitted by Section 2.10(a)(v2.10(a) within the time frame permitted thereby (but prior to the date required to be applied to such Indebtedness), the Loans shall be repaid in an amount not less than the minimum amount that would be required to be prepaid not later than the latest time as and upon such terms so that such other Indebtedness will not be required to be prepaid pursuant to the terms of the agreement, indenture or instrument or guarantee governing such other Indebtedness.

Appears in 1 contract

Sources: Credit Agreement (Nassau Broadcasting Corp)