Repayments from Asset Dispositions. The Borrower shall repay the Loans in an amount equal to all Net Proceeds (as hereinafter defined in this Subsection 4(A)) received by any Loan Party or any Subsidiary of any Loan Party (as such terms are hereinafter defined in this Subsection 4(A)) that are from any Asset Disposition (as hereinafter defined in this Subsection 4(A)) in excess of $500,000 to the extent that such Net Proceeds are not reinvested in equipment or other assets that are used or useful in the business of a Loan Party or such Subsidiary within 180 days of receipt by such Loan Party or Subsidiary of such Net Proceeds, or if any Loan Party shall enter into a contract within such 180-day period pursuant to which such Loan Party agrees to use such Net Proceeds to purchase equipment or other assets that are used or useful in the business of such Loan Party or such Subsidiary, then the Net Proceeds must be reinvested in equipment or other assets that are used or useful in the business of a Loan Party or such Subsidiary within 360 days of receipt by such Loan Party or Subsidiary of such Net Proceeds. All such repayments shall be applied in accordance with Subsection 4(E).
Repayments from Asset Dispositions. Immediately upon receipt ---------------------------------- by Borrower or any of its Restricted Subsidiaries of Net Proceeds other than insurance proceeds from any Asset Disposition, Borrower shall repay the Loans in an amount equal to such Net Proceeds; provided, however, that in the event of an -------- ------- Asset Disposition by Texas Unwired, prepayment pursuant to this Subsection 1.7(F) will only be required in proportion to LA Unwired's percentage ownership interest in Texas Unwired; provided further, however, that Borrower shall not be ---------------- ------- required to repay the Loans from Asset Dispositions by Texas Unwired to the extent that the proceeds thereof were applied to repayments of the indebtedness of Texas Unwired described in Subsection 3.1(C)(4) and to the repayment of the Loans pursuant to Subsection 1.7(F). All such repayments shall be applied in accordance with Subsection 1.8.
Repayments from Asset Dispositions. Immediately upon receipt by any Loan Party of Net Proceeds, other than insurance proceeds, from any Asset Disposition, Borrower shall repay the Loans in an amount equal to such Net Proceeds; provided, however, that Borrower shall not be required to repay Loans from Asset Dispositions to the extent such Asset Dispositions are permitted pursuant to Subsections 3.7(i) through (v), or from Asset Dispositions pursuant to Subsection 3.7(vi), the Net Proceeds of which are reinvested by Borrower within one hundred eighty (180) days of receipt in assets used and useful in the business of Loan Parties. All such repayments shall be applied in accordance with Subsection 1.8.
Repayments from Asset Dispositions. Promptly upon receipt by any Loan Party or any Subsidiary of any Loan Party of Net Proceeds of an Asset Disposition, other than insurance proceeds reinvested pursuant to Subsection 1.7(B) or Net Proceeds of Asset Dispositions permitted pursuant to Subsection 3.6, without the consent of Administrative Agent (unless pursuant to Subsection 3.6(viii) Borrower is required to apply such proceeds to the repayment of the Loans pursuant to this Subsection 1.7(C)), Borrower shall repay the Loans in an amount equal to the Net Proceeds received by any Loan Party or any Subsidiary of any Loan Party; provided, however, that if no Event of Default has occurred and is continuing, Borrower shall not be required to repay the Loans with such Net Proceeds if such Loan Party or such Subsidiary reinvests such Net Proceeds in assets used or useful in the business of such Loan Party or such Subsidiary within 270 days of receipt by such Loan Party or such Subsidiary of such Net Proceeds; provided, however, that (i) any new assets purchased with such Net Proceeds (other than any real property that does not constitute Material Owned Property) must be subject to the Lien of Administrative Agent under the Security Documents, subject only to Permitted Encumbrances, and (ii) until so reinvested, such Net Proceeds shall be deposited and held in a deposit account of which Administrative Agent has “control” (as defined in Article 9 of the Uniform Commercial Code in effect in the State of New York). If upon the expiration of such 270-day period any of such Net Proceeds have not been so applied, Borrower immediately shall repay the Loans in an amount equal to such remaining Net Proceeds. All such prepayments shall be paid and applied in accordance with Subsection 1.8. All such repayments shall be accompanied by accrued interest on the amount repaid and any applicable Breakage Fees.
Repayments from Asset Dispositions. Promptly upon receipt by ---------------------------------- Borrower or any of its Subsidiaries of Net Proceeds of an Asset Disposition, other than insurance proceeds reinvested pursuant to Subsection 1.7(B) or Net Proceeds of Asset Dispositions permitted pursuant to Subsection 3.7 without the consent of CoBank (unless pursuant to Subsection 3.7(vi) Borrower is required to apply such proceeds to the repayment of the Term Loan pursuant to this Subsection 1.7(C)), Borrower shall repay the Term Loan in an amount equal to the Net Proceeds received by Borrower or any of its Subsidiaries. All such repayments shall be applied in accordance with Subsection 1.8. All such repayments shall be accompanied by accrued interest on the amount repaid and any applicable Breakage Fees.
Repayments from Asset Dispositions. Immediately upon receipt by ---------------------------------- Borrower or any of its Restricted Subsidiaries of Net Proceeds other than insurance proceeds from any Asset Disposition, Borrower shall repay the Loans in an amount equal to such Net Proceeds; provided, however, that in -------- ------- the event of an Asset Disposition by Texas Unwired, prepayment pursuant to this Subsection 1.7(G) will only be required in proportion to LA Unwired's percentage ownership interest in Texas Unwired; provided further, however, -------- ------- ------- that Borrower shall not be required to repay the Loans from Asset Dispositions by Texas Unwired to the extent that the proceeds thereof were applied to repayments of the indebtedness of Texas Unwired described in Subsection 3.1(C)(4) and to the repayment of the Loans pursuant to Subsection 1.7(F); and provided further, however, that Borrower shall not -------- ------- ------- be required to repay the Loans from Asset Dispositions to the extent such Asset Dispositions are permitted pursuant to clause (v) of Subsection 3.8 and the Borrower or its Restricted Subsidiaries reinvests within three hundred sixty (360) days of receipt the Net Proceeds of such Asset Dispositions in PCS assets used and useful in the business of the Borrower or its Restricted Subsidiaries. All such repayments shall be applied in accordance with Subsection 1.8." General ------- Except as expressly provided by this letter agreement, the terms and provisions of the Credit Agreement and the other Loan Documents are hereby ratified and confirmed and shall continue in full force and effect. By agreeing to this letter agreement as acknowledged below, each of Borrower and Subsidiary Guarantors hereby certifies and warrants to Lenders that after giving effect to the amendments and waivers effected hereby, each of the representations and warranties contained in Section 5 of the Credit Agreement and in the other Loan Documents, after giving effect to the amendments to the schedules provided above, are true and correct as of the effective date of this letter agreement with the same effect as though made on such effective date (except to the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such representations or warranty shall be true and correct as of such specified date) and that no event has occurred and is continuing that would constitute a Default or Event of Default. Without limiting...
Repayments from Asset Dispositions. The Borrower shall repay the Loan within 180 days of receipt by the Borrower or any Pledged Subsidiary of Net Proceeds (as hereinafter defined in this Subsection 6(C)) from any Asset Disposition (as hereinafter defined in this Subsection 6(C)) in an amount equal to such Net Proceeds, unless such Net Proceeds have been reinvested in equipment or other assets that are used or useful in the business of the Borrower or its Pledged Subsidiaries within such 180-day period. All such repayments shall be applied in accordance with Subsection 6(D) of this Third Supplement.
Repayments from Asset Dispositions. Immediately upon receipt by any Loan Party of Net Proceeds, other than insurance proceeds, from any Asset Disposition, Borrower shall repay the Loans in an amount equal to one hundred percent (100%) of such Net Proceeds; provided, Second Amended and Restated Credit Agreement/D&E Communications, Inc. however, that Borrower shall not be required to repay Loans from Asset Dispositions to the extent such Asset Dispositions are permitted pursuant to Subsections 3.7(i) through (vii), or from Asset Dispositions pursuant to Subsection 3.7(viii) the Net Proceeds of which are reinvested by Borrower within one hundred eighty (180) days of receipt in assets used and useful in the business of Loan Parties. All such repayments shall be applied in accordance with Subsection 1.8.
Repayments from Asset Dispositions. The Borrower shall repay the Loan within 180 days of receipt by the Borrower or any Pledged Subsidiary of Net Proceeds (as hereinafter defined in this Subsection 6(C)) from any Asset Disposition (as hereinafter defined in this Subsection 6(C)), the Borrower shall repay the Loan in an amount equal to such Net Proceeds, unless such Net Proceeds have been reinvested in equipment or other assets that are used or useful in the business of the Borrower or its Second Amendment to Term Supplement/Shenandoah Telecommunications Company Loan No. ML0743-T2 Pledged Subsidiaries within such 180-day period. All such repayments shall be applied in accordance with Subsection 6(D) of this Supplement.
Repayments from Asset Dispositions. The Borrower shall repay the Loans in an amount equal to all Net Proceeds (as hereinafter defined in this Subsection 4(A)) received by any Loan Party or any Subsidiary of any Loan Party (as such terms are hereinafter defined in this Subsection 4(A)) that are from any Asset Disposition (as hereinafter defined in this Subsection 4(A)) to the extent that such Net Proceeds are not reinvested in equipment or other assets that are used or useful in the business of a Loan Party or such Subsidiary within 120 days of receipt by such Loan Party or Subsidiary of such Net Proceeds. All such repayments shall be applied in accordance with Subsection 4(E). Amended and Restated Master Loan Agreement/Warwick Valley Telephone Company MLA No. RX0886(A)
