Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a) through 2.15(d), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 of the Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (Intrawest Resorts Holdings, Inc.)

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Prepayment Certificate. Concurrently with any prepayment of the Term Loans and/or reduction of the Revolving Commitments pursuant to Sections 2.15(a2.14(a) through 2.15(d2.14(d), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer of the Borrower demonstrating the calculation of the amount of the applicable Net net proceedsNet Cash Proceeds or Consolidated Excess Cash Flow Prepayment AmountFlow, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid received exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Loans Loans, to the extent required under Sections 2.14(a) through 2.14(d) (as applicable), 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 of the Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: 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 2.15(a2.11(a) through 2.15(d(d), the Borrower Borrowers shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amountnet proceeds, Make-Whole Amount (with respect to Section 2.11(d)) fees and compensation otherwise owing to Lenders under this Agreement, if any, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 of the Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Dip Credit Agreement (Hospitality Investors Trust, Inc.), Restructuring Support Agreement (Hospitality Investors Trust, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a) through 2.15(d), the Borrower shall deliver to the Administrative Agent for distribution to the Lenders a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 for distribution to the Lenders a certificate of a Responsible Officer of the Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit Agreement (New Fortress Energy LLC), Credit Agreement (NFE Financial Holdings LLC)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a2.11(a) through 2.15(dSection 2.11(f), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 of the Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit Agreement (New Fortress Energy LLC), Credit Agreement (New Fortress Energy LLC)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a2.11(a) through 2.15(dSection 2.11(e), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment Amount, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

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

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Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a2.10(a) through 2.15(d2.10(g), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible an Authorized Officer of the Borrower demonstrating the calculation of the amount of the applicable net proceeds, Net Cash Proceeds or Litigation Proceeds, Consolidated Excess Cash Flow Prepayment Amountor Extraordinary Receipts, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid 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 of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (TiVo Corp)

Prepayment Certificate. Concurrently with any prepayment of the Term Loans pursuant to Sections 2.15(a2.13(a) through 2.15(d2.13(f), the Borrower Company shall deliver to the Administrative Agent a certificate of a Responsible Chief Financial Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds net proceeds and compensation owing to Lenders under any of the Credit Documents, if any (including a calculation of amounts due under Section 2.10(a) or Excess Cash Flow Prepayment Amount2,10(b), as the case may beapplicable). In the event that the Borrower Company shall subsequently determine that the actual amount required to be prepaid received exceeded the amount set forth in such certificate, the Borrower Company shall promptly make an additional prepayment of the Term Loans in an amount equal to such excessexcess plus all applicable fees payable under Section 2.10(a) and 2.10(b), and the Borrower Company shall concurrently therewith deliver to the Administrative Agent a certificate of a Responsible Chief Financial Officer of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

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

Prepayment Certificate. Concurrently with any prepayment of the Term Bridge Loans pursuant to Sections 2.15(a2.11(a), (c) through 2.15(dor (e), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow Prepayment AmountNet Equity Proceeds, as the case may be. In the event that the Borrower shall subsequently determine that the actual amount required to be prepaid exceeded the amount set forth in such certificate, the Borrower shall promptly make an additional prepayment of the Term Bridge 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 of the Borrower demonstrating the derivation of such excess.

Appears in 1 contract

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

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