Prepayment Event. The occurrence of an Event of Default or an Event of Mandatory Prepayment.
Prepayment Event. During a Cash Dominion Period, in the event and on each occasion that any Net Proceeds are received by or on behalf of any Loan Party in respect of any Prepayment Event, Borrowers shall, immediately after such Net Proceeds are received by any Loan Party, prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to 100% of such Net Proceeds to the extent that such Obligations are then outstanding.
Prepayment Event. (a) The Company will notify the Intercreditor Agent promptly upon the occurrence of a Prepayment Event. Upon being notified by the Company of a Prepayment Event, the Intercreditor Agent shall promptly inform each Lender.
Prepayment Event. If a Prepayment Event occurs and, as a result thereof, the Lender requires prepayment of the Loan under Section 2.3(b), then:
Prepayment Event. Not later than the fifth Business Day following the date of receipt by the Borrower or any Restricted Subsidiary of any Net Proceeds in respect of any Prepayment Event (or, in the case of a Prepayment Event described in clause (d) of the definition thereof, on the date of the incurrence of the applicable Indebtedness), the Borrower shall prepay the Borrowings in an aggregate amount equal to 100% of such Net Proceeds.
Prepayment Event. Immediately upon the occurrence of a Prepayment Event, the Issuer shall be required to prepay in full all of its Notes, at a price equal to 100% of the outstanding principal amount of the Notes plus accrued interest thereon, the accrued PIK Management Fee (if any) (together with accrued interest thereon) and the Make-Whole Amount (if any) (including all deferred amounts in respect thereof and accrued interest thereon) at the time of such prepayment.
Prepayment Event. A new clause (c)(iv) is added to the definition of "Prepayment Event" set forth in Section 1.01 of the Credit Agreement to read as follows: or (iv) the New Equity Issuance, any equity securities issued pursuant to the Equity Commitment or the contribution of any proceeds thereof to the Borrower;
Prepayment Event. See § 3.2.2.
Prepayment Event. As soon as practicable (and in any event, within five (5) Business Days) of the occurrence of a Prepayment Event or Specified Disposition, a notification thereof, together with a description of such Prepayment Event or Specified Disposition, copies of such documents entered into in connection with the transaction giving rise to the Prepayment Event or Specified Disposition as Agent may reasonably request and calculations in form reasonably acceptable to Agent of the amount of Net Cash Proceeds, if any, arising from such Prepayment Event;
Prepayment Event. In the event and on each occasion that any Net Cash Proceeds are received by or on behalf of any Notes Party or any Subsidiary in respect of any Prepayment Event, the Issuers shall, promptly after such Net Cash Proceeds are received by any Notes Party or Subsidiary, jointly and severally unconditionally prepay the Notes in an aggregate amount equal to 100% of such Net Cash Proceeds; provided that, in the case of any event described in clause (a) or (b) of the definition of the term “Prepayment Events”, if the Issuer Representative delivers to the Administrative Agent a certificate of a Financial Officer of Alta Group to the effect that the Notes Parties intend to apply the Net Cash Proceeds from such event (or a portion thereof specified in such certificate), within 180 days after receipt of such Net Cash Proceeds, to acquire (or replace or rebuild) real property, equipment or other tangible assets to be used in the business of the Notes Parties, and certifying that no Default has occurred and is continuing, no prepayment shall be required pursuant to this clause (d) in respect of the Net Cash Proceeds specified in such certificate; provided, further, that to the extent of any such Net Cash Proceeds that have not been so used to acquire (or replace or rebuild) real property, equipment or other tangible assets to be used in the business of the Notes Parties (or committed to be so used) by the end of such 180-day period, a prepayment shall be required at such time in an amount equal to such Net Cash Proceeds that have not been so applied. Prepayments shall be accompanied by accrued interest on the amounts prepaid, any break funding payments due pursuant to Section 2.15, plus, to the extent applicable, any Make-Whole Amount as required by Section 2.10(b) and any premium as required by Section 2.10(c). Any such mandatory prepayment shall be applied as specified in Section 2.10(h).
