Prepayments Due to Refinancing Indebtedness Sample Clauses
Prepayments Due to Refinancing Indebtedness. On the date of receipt by Borrower or any of its Subsidiaries of the proceeds of Refinancing Indebtedness that results in a Refinancing Surplus in an amount greater than $0, Borrower shall repay the Loans in an amount equal to such Refinancing Surplus, as specified in subsection 2.4A(iv). No reduction in the Commitments shall be required in connection with any such repayment.
Prepayments Due to Refinancing Indebtedness. On any date on or after the Fifth Amendment Effective Date of receipt by Borrower or any of its Subsidiaries of the proceeds of Refinancing Indebtedness (other than Refinancing Indebtedness constituting Liquidity Proceeds or constituting Subordinated Indebtedness the proceeds of which are used to refinance the Senior Subordinated Notes), Borrower shall repay first the Swing Line Loans and the Revolving Loans, and second the Tranche C Term Loans in an amount equal to the amount of such proceeds, as specified in subsection 2.4A(iv), and the Commitments shall be permanently reduced in an amount equal to the amount of such proceeds, as specified in subsection 2.4A(iv)."