Prepayments and Reductions Due to Issuance of Equity Securities. No later than the first Business Day following receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company or of any Subsidiary of Company (other than to Company or a Subsidiary Guarantor) or from any capital contribution to Company by Holdings after the Closing Date, Company shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
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Samples: Credit Agreement (Propex International Holdings II Inc.), Credit Agreement (Propex Fabrics Inc.)
Prepayments and Reductions Due to Issuance of Equity Securities. No later than the first Business Day following the date of receipt by Company or any of its Subsidiaries of the Net Securities Proceeds from the issuance of any Capital Stock of Company or of any Subsidiary of Company (other than to Company or a Subsidiary Guarantor) or from any capital contribution to contributions by a holder of Capital Stock of Company by Holdings 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 50% of such Net Securities Proceeds.
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Samples: Credit Agreement (Hexcel Corp /De/)
Prepayments and Reductions Due to Issuance of Equity Securities. No later than the first Business Day following receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company Holdings or of any Subsidiary of Company Holdings (other than to Company or a Subsidiary Guarantor) or from any capital contribution to Company by Holdings after the Closing Date), Company shall prepay the Loans in an aggregate amount equal to such Net Securities Proceeds.
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