Common use of Prepayments and Reductions Due to Issuance of Equity Securities Clause in Contracts

Prepayments and Reductions Due to Issuance of Equity Securities. On the date of receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company or of any Subsidiary of Company after the Closing Date, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Prepayments and Reductions Due to Issuance of Equity Securities. On the date of receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company or any of its Subsidiaries (other than Net Securities Proceeds in an aggregate amount not to exceed $5,000,000 in any Subsidiary Fiscal Year) or from any capital contribution to Company by any holder of Company Capital Stock thereof after the Closing Date, Company Borrower shall prepay the Loans and/or the Revolving Loan Commitment Amount Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Prepayments and Reductions Due to Issuance of Equity Securities. On the date of receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company Parent or of any Subsidiary of Company its Subsidiaries or from any capital contribution to Parent by any holder of Capital Stock thereof after the Closing Date, Company Borrowers shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Prepayments and Reductions Due to Issuance of Equity Securities. On the date of receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company or of any Subsidiary of Company or from any capital contribution to Company by any holder of Capital Stock thereof after the Closing Date, Company shall prepay the Term Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to 75% of such Net Securities Proceeds.