Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Loans or reduction of the Commitments pursuant to Sections 2.12(a)-(f), Administrative Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepayment, as the case may be. In the event that any Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment of the Loans or, prior to the Funding Date, the Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Vonage Holdings Corp), Credit and Guaranty Agreement (Vonage Holdings Corp)

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Prepayment Certificate. Concurrently with any prepayment of the ---------------------- Loans or and/or reduction of the Commitments pursuant to Sections 2.12(a)-(f2.12(a) through 2.12(c), Administrative Borrower Company shall deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepaymentFlow, as the case may be. In the event that any Borrower Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Company shall promptly make an additional prepayment of the Loans or, prior to the Funding Date, and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower Company shall concurrently therewith deliver to Administrative Agent (which Administrative Agent shall promptly furnish to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Focal Communications Corp)

Prepayment Certificate. Concurrently with any prepayment of the Loans or and/or reduction of the Commitments pursuant to Sections 2.12(a)-(f2.13(a), 2.13(b), 2.13(c) and 2.13(e), Administrative Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepayment, as the case may be. In the event that Company or any Borrower of its Subsidiaries shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrowers shall promptly make an additional prepayment of the Loans or, prior to the Funding Date, and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Syntax-Brillian Corp)

Prepayment Certificate. Concurrently with any prepayment of the Loans or and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a)-(f2.13(a) through 2.13(e), Administrative Borrower Company shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise and compensation owing to the prepaymentLenders under Section 2.10(e), if any, as the case may be. In the event that any Borrower Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Company shall promptly make an additional prepayment of the Loans or, prior to and/or the Funding Date, the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower Company shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.. Credit and Guaranty Agreement

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Del Frisco's Restaurant Group, LLC)

Prepayment Certificate. Concurrently with any prepayment of the Loans or and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a)-(f2.15(a) through 2.15(e), Administrative Borrower shall deliver to Administrative Agent (with a copy to Collateral Agent) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepaymentFlow, as the case may be. In the event that any Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Borrower shall promptly make an additional prepayment of the Loans or, prior to and/or the Funding Date, the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower shall concurrently therewith deliver to Administrative Agent (with a copy to Collateral Agent) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Movie Gallery Inc)

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Prepayment Certificate. Concurrently with any prepayment of the Loans or and/or reduction of the Revolving Commitments pursuant to Sections 2.12(a)-(f2.12(a) through 2.12(h), Administrative Borrower Company shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise and compensation owing to Lenders under the prepaymentCredit Documents, if any, as the case may be. In the event that any Borrower Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Company shall promptly make an additional prepayment of the Loans or, prior to and/or the Funding Date, the Revolving Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower Company shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (P10, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Loans or and/or reduction of the Commitments pursuant to Sections 2.12(a)-(f2.11(a) through 2.11(i), Administrative Borrower the Companies shall deliver to Administrative Agent (who shall promptly forward to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepaymentFlow, as the case may be. In the event that any Borrower the Companies shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers the Companies shall promptly make an additional prepayment of the Loans or, prior to the Funding Date, and/or the Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower the Companies shall concurrently therewith deliver to Administrative Agent (who shall promptly forward to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Lease Agreement (OneWater Marine Inc.)

Prepayment Certificate. Concurrently with any prepayment ---------------------- of the Loans or and/or reduction of the Tranche B Term Loan Commitments pursuant to Sections 2.12(a)-(f2.12(a) through 2.12(d), Administrative Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer (a copy of which Administrative Agent shall promptly provide to each Lender) demonstrating the calculation of the amount of the applicable net proceeds, proceeds or Consolidated Excess Cash Flow or other applicable financial tests or proceeds giving rise to the prepaymentFlow, as the case may be. In the event that any the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers the Borrower shall promptly make an additional prepayment of the Loans or, prior to the Funding Date, the and/or Tranche B Term Loan Commitments shall be permanently reduced in an amount equal to such excess, and Administrative Borrower shall concurrently therewith deliver to Administrative Agent (a copy of which Administrative Agent shall promptly provide to each Lender) a certificate of an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

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