Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Section 2.10(a), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of 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(a)clauses (a) through (c) above, Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale ProceedsProceeds and compensation owing to Lenders hereunder, if any. In the event that Borrowers 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 in an amount equal to such excessTerm Loans, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent Agents a certificate of an Authorized Officer of such Borrower 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 Loans pursuant to Section 2.10(a2.06(b), Borrowers the Borrower shall deliver to Administrative Agent a certificate of an Authorized a Responsible Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers the Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Responsible Officer of such Borrower 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 Loans pursuant to Section 2.10(aSections 2.13(a) through (e), Borrowers the Borrower shall deliver to the Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds, as the case may be. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer of such Borrower 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 Loans pursuant to Section 2.10(a2.14(a), Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Insurance/Condemnation Proceeds. In the event that Borrowers 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 based on the formula set forth in an amount equal to such excessSection 2.14(a) above, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer of such Borrower 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(a)clauses (a) through (d) above, Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds and compensation owing to Lenders hereunder, if any. In the event that Borrowers 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 in an amount equal to such excessTerm Loans, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent Agents a certificate of an Authorized Officer of such Borrower 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.)

Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Section Sections 2.10(a) and 2.10(b), Borrowers the Borrower shall deliver to Administrative the Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers the Borrower shall concurrently therewith deliver to Administrative the Agent a certificate of an Authorized Officer of such Borrower demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (National Semiconductor Corp)

Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Section 2.10(a)Loans, Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer of such Borrower 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 Loans Term Loan pursuant to Sections 2.8(a) or Section 2.10(a2.8(b), the Borrowers shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds. In the event that the Borrowers 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 Term Loan in an amount equal to such excess, and the Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer of such Borrower demonstrating the derivation of such excess.

Appears in 1 contract

Sources: Credit Agreement (Mediabay Inc)

Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Section 2.10(aSections 2.13(a) or (b), Borrowers the Borrower shall deliver to the Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds, as the case may be. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers the Borrower shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Officer of such Borrower 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 Loans pursuant to Section 2.10(aSections 2.14(a) through (e), Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer of any Borrower demonstrating the calculation of the amount of the applicable Net Asset Sale Proceedsnet proceeds or Consolidated Excess Cash Flow. In the event that Borrowers 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 in an amount equal to such excess, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer of such Borrower demonstrating the derivation of such excess.

Appears in 1 contract

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