Specified Equity Contributions. For purposes of determining compliance with Section 6.10, any cash equity contribution (other than in respect of Disqualified Stock of the U.S. Borrower), including Junior Capital, made to the U.S. Borrower or Holdings, as the case may be, on or prior to the day that is 10 days after the day on which financial statements are required to be delivered for a fiscal quarter will, at the request of the U.S. Borrower and provided that the proceeds thereof have been contributed or provided to the U.S. Borrower as (other than in the case of Junior Capital of the U.S. Borrower) cash common equity, be included in the calculation of EBITDA for the purposes of determining compliance with such financial covenant at the end of such fiscal quarter and applicable subsequent periods (any such equity contribution so included in the calculation of EBITDA, a “Specified Equity Contribution”); provided that (a) in each four fiscal quarter period, there shall be a period of at least two fiscal quarters in respect of which no Specified Equity Contribution is made, (b) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the U.S. Borrower to be in compliance with Section 6.10 and (c) all Specified Equity Contributions shall be disregarded for any purpose under any Loan Document other than determining compliance with Section 6.10. To the extent that a Specified Equity Contribution is made with proceeds from Indebtedness constituting Junior Capital and incurred by the U.S. Borrower, the proceeds of such Indebtedness will be used to prepay the Term Loans in accordance with Section 2.09. If, after the making of the Specified Equity Contribution and the recalculations of EBITDA pursuant to the preceding paragraph, the U.S. Borrower shall then be in compliance with the requirements of Section 6.10, the U.S. Borrower shall be deemed to have satisfied the requirements of such covenant as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable Event of Default that had occurred shall be deemed cured.
Specified Equity Contributions. For purposes of determining compliance with Section 7.1 only (and not any other provision of this Agreement, including any such other provision that utilizes a calculation of Consolidated EBITDA), any equity contribution (other than Disqualified Capital Stock) made by Holdings or any of the other direct or indirect equityholders of the Borrower to the Borrower, on or after the Closing Date and on or prior to the day that is 10 Business Days after the day on which financial statements are required to be delivered for such fiscal quarter pursuant to Section 6.1 shall, at the request of the Borrower, be deemed to increase, dollar for dollar, Consolidated EBITDA for such fiscal quarter for the purposes of determining compliance with Section 7.1 at the end of such fiscal quarter and applicable subsequent periods (it being understood that each such contribution shall be effective as to such fiscal quarter for all periods in which such fiscal quarter is included) (any such equity contribution so included in the calculation of Consolidated EBITDA, a “Specified Equity Contribution”); provided that (a) in each four fiscal quarter period there shall be a period of at least three fiscal quarters in which no Specified Equity Contribution is made, (b) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the Borrower to be in compliance with Section 7.1,
Specified Equity Contributions. In the event that any Specified Equity Contribution is made pursuant to Section 8.2, Borrower shall prepay the Term Loans in an amount equal to 100% of such Specified Equity Contribution.
Specified Equity Contributions. The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in clause (iv) below in amounts equal to one-hundred percent (100%) of the aggregate net cash proceeds received from any Specified Equity Contribution. Such prepayments shall be made within two (2) Business Days after the date of receipt of any such net cash proceeds.
Specified Equity Contributions. Upon receipt on or after the Closing Date by any Loan Party or any of its Subsidiaries of the proceeds of any Specified Equity Contribution, the Borrower shall immediately pay or cause to be paid to the Administrative Agent an amount equal to 100% of such proceeds for application to prepayment of the Term Loans as provided in Section 9.4.
Specified Equity Contributions. On the date of receipt by Holdings or any of its Subsidiaries of the proceeds of any Specified Equity Contribution, Borrower shall prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such proceeds, net of reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.
Specified Equity Contributions. Not later than the Business Day following the date of the delivery of the written direction of the Parent Borrower pursuant to Section 7.06(b) with respect to the Net Cash Proceeds from any Specified Equity Contribution, the Parent Borrower will make a prepayment of the Loans in an amount equal to 100% of such Net Cash Proceeds in accordance with Section 2.15(d) below.
Specified Equity Contributions. Immediately upon the receipt by any Loan Party or any Subsidiary of the proceeds of any Specified Equity Contribution pursuant to Section 8.04, the Borrowers shall prepay the Loans in an aggregate amount equal to 100% of such proceeds
Specified Equity Contributions. Upon the receipt by the Borrower of the Net Proceeds of any Specified Equity Contribution pursuant to Section 8.2, the Borrower shall prepay an aggregate principal amount of Term Loans equal to all Net Proceeds received therefrom promptly after receipt thereof by Borrower.
Specified Equity Contributions. Not later than five Business Days following the receipt by Holdings of Net Cash Proceeds from a Specified Equity Contribution, the Borrowers shall permanently repay Term Loans, applied as set forth in Section 2.05(h).
