Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a) through 2.14(d), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing such excess.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement (PVH Corp. /De/), Credit and Guaranty Agreement (PVH Corp. /De/), Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a2.12(a) through 2.14(dand (b), the applicable Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the such Borrower Representative shall subsequently determine that the actual amount of Net Cash Proceeds received exceeded the amount set forth in such certificate, the applicable such Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excessexcess in accordance with Section 2.12(a), and the such Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a) through 2.14(d), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Grifols SA), Credit and Guaranty Agreement (Grifols SA)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans of the Revolving Commitments pursuant to Sections 2.14(a) through 2.14(d2.14(e), the Parent Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Parent Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Parent Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (IMS Health Holdings, Inc.), Credit and Guaranty Agreement (IMS Health Holdings, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a) through 2.14(d), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received of Net Cash Proceeds or Consolidated Excess Cash Flow exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.14(a) through 2.14(d2.14(e), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a) through 2.14(d2.14(e), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificatecertificate by more than $1,000,000, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Gen Probe Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a2.11(a) through 2.14(d2.11(d), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Executive Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower Borrowers shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Executive Officer describing demonstrating the derivation of such excess.

Appears in 1 contract

Sources: First Lien Credit and Guaranty Agreement

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a2.10(a) through 2.14(d2.10(f), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash FlowEarly Cargo Revenues, as the case may beapplicable. In the event that the Borrower Representative shall subsequently determine that the actual amount received required to be prepaid exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term applicable Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized a Responsible Officer describing of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (Venture Global, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(aSection 2.07(b) through 2.14(d(other than Section 2.07(b)(iii) or (v)), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing such excess.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Staples Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a) through 2.14(d2.14(e), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Grifols SA)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a2.12(a) through 2.14(dand (b), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount of Net Cash Proceeds received exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excessexcess in accordance with Section 2.12(a), and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Prepayment Certificate. Concurrently with any prepayment of the Term Bridge Loans pursuant to Sections 2.14(a2.11(a), (c) through 2.14(dor (e), the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Consolidated Excess Cash FlowNet Equity Proceeds, as the case may be. In the event that the Borrower Representative shall subsequently determine that the actual amount received required to be prepaid exceeded the amount set forth in such certificate, the applicable Borrower shall promptly make an additional prepayment of the Term Bridge Loans in an amount equal to such excess, and the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized a Responsible Officer describing of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.14(a) through 2.14(d2.14(e), the Borrower Representative Company shall deliver to the General Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Company or European Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower Borrowers shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative Company shall concurrently therewith deliver to the General Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Autocam International LTD)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.14(a2.10(a) through 2.14(d2.10(c), the Borrower Representative Company shall deliver to the Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Asset Sale Proceeds, Net Insurance/Condemnation Proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower Representative Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the applicable Borrower Company shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Representative Company shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer describing demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (J Crew Group Inc)