Prepayments from Sale of Membership Interests Clause Samples

Prepayments from Sale of Membership Interests. The Loan Parties shall on the Effective Date, immediately upon receipt thereof, remit to the Lender the entire purchase price received by the Borrower under the MIPA to prepay the Obligations. (d) Section 7.2 of the Credit Agreement is hereby amended by deleting the text thereof and substituting therefor the following: