Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer demonstrating the calculation of the amount of the applicable net proceeds. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(bSections 2.8(b)(i) and (ii), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Molycorp, Inc.), Credit Agreement (Molycorp, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b2.10(a), the Borrower Borrowers shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable net proceedsNet Asset Sale Proceeds. In the event that the Borrower Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower Borrowers shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower Borrowers shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer of such Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b)clauses (a) through (c) above, the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceedsNet Proceeds and compensation owing to Lenders hereunder, if any. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excessLoans, and the Borrower shall concurrently therewith deliver to the Administrative Agent Agents a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess. Each mandatory prepayment due pursuant to this Section 2.9 made on account of the Obligations shall be accompanied by the applicable Specified Premium pursuant to Section 2.8(b).

Appears in 2 contracts

Sources: First Amendment to and Waiver Under Second Amended and Restated Financing Agreement (Firefly Aerospace Inc.), Financing Agreement (Firefly Aerospace Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b2.06(b), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer demonstrating the calculation of the amount of the applicable net proceedsNet Asset Sale Proceeds. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a an Responsible Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b2.14(a), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceedsNet Insurance/Condemnation Proceeds. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans based on the formula set forth in an amount equal to such excessSection 2.14(a) above, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(bSections 2.14(a) through (e), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceedsproceeds or Consolidated Excess Cash Flow. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Aurora Diagnostics Holdings LLC)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans Loan pursuant to Sections 2.8(a) or Section 2.10(b2.8(b), the Borrower Borrowers shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds. In the event that the Borrower Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower Borrowers shall promptly make an additional prepayment of the Term Loans Loan in an amount equal to such excess, and the Borrower Borrowers shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (Mediabay Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(bSections 2.13(a) through (e), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Term Loan Agreement (Source Interlink Companies Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(bSections 2.13(a) or (b), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Revolving Credit Agreement (Source Interlink Companies Inc)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section Sections 2.10(a) and 2.10(b), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (National Semiconductor Corp)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b)Loans, the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceedsproceeds or Consolidated Excess Cash Flow, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Second Lien Credit and Guaranty Agreement (Paramount Acquisition Corp)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Section 2.10(b)clauses (a) through (d) above, the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer demonstrating the calculation of the amount of the applicable net proceedsproceeds and compensation owing to Lenders hereunder, if any. In the event that the Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excessLoans, and the Borrower shall concurrently therewith deliver to the Administrative Agent Agents a certificate of a Responsible an Authorized Officer demonstrating the derivation of such excess. Each mandatory prepayment due hereunder made on account of the Obligations shall be accompanied by the applicable Specified Premium pursuant to Section 2.8(b).

Appears in 1 contract

Sources: Financing Agreement (Danimer Scientific, Inc.)