Repayment of Revolver Loans. 5.2.1 Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Current Assets Collateral, then, if a Liquidity Event shall have occurred and be continuing, an amount equal to the Net Proceeds of such disposition shall be paid by the applicable Borrowers to be applied to the applicable Revolver Loans within ten Business Days following such Asset Disposition, other than such Net Proceeds not in excess of $1,000,000 in the aggregate, and the Borrowers shall deliver an updated Borrowing Base Certificate on the date of any such Asset Disposition.
Appears in 4 contracts
Samples: Canadian Security Agreement (Milacron Holdings Corp.), Credit Agreement (Milacron Holdings Corp.), Credit Agreement (Milacron Holdings Corp.)
