Common use of Subordinated Debt Incurrence Clause in Contracts

Subordinated Debt Incurrence. On or prior to the date 90 days after the date of any Subordinated Debt Incurrence, the Borrower shall prepay Loans in an aggregate amount equal to the portion of the Net Available Proceeds thereof that exceeds (in the aggregate for all Subordinated Debt Incurrences after the date hereof that are not excluded by virtue of the exclusion in clause (iii) of the definition of “Net Available Proceeds”) U.S.$200,000,000, such prepayment to be effected in each case in the manner and to the extent specified in clause (vi) below; provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (iv) to the extent that

Appears in 2 contracts

Samples: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

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Subordinated Debt Incurrence. On or prior to the date 90 days after the date of any Subordinated Debt Incurrence, the Borrower shall prepay Loans in an aggregate amount equal to the portion of the Net Available Proceeds thereof that exceeds (in the aggregate for all Subordinated Debt Incurrences after the date hereof that are not excluded by virtue of the exclusion in clause (iii) of the definition of “Net Available Proceeds”hereof) U.S.$200,000,000, such prepayment to be effected in each case in the manner and to the extent specified in clause (vi) below; provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (iv) to the extent that

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands, Inc.)

Subordinated Debt Incurrence. On Without limiting the obligation of the Borrower to obtain the consent of the Required Lenders to any Subordinated Debt Incurrence not permitted hereunder, on or prior to the date 90 days after the date of any Subordinated Debt Incurrence, the Borrower shall prepay the Loans in an aggregate amount equal to the portion of the Net Available Proceeds thereof that exceeds (in the aggregate for all Subordinated Debt Incurrences after the date hereof that are not excluded by virtue of the exclusion in clause (iiihereof) of the definition of “Net Available Proceeds”) U.S.$200,000,000$100,000,000, such prepayment to be effected in each case in the manner and to the extent specified in clause (vivii) below; , provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (ivv) to the extent that

Appears in 1 contract

Samples: Credit Agreement (SCV Epi Vineyards Inc)

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Subordinated Debt Incurrence. On or prior to the date 90 days after the date of any Subordinated Debt Incurrence, the Borrower shall prepay Loans in an aggregate amount equal to the portion of the Net Available Proceeds thereof that exceeds (in the aggregate for all Subordinated Debt Incurrences after the date hereof that are not excluded by virtue of the exclusion in clause (iiihereof) of the definition of “Net Available Proceeds”) U.S.$200,000,000U.S.$100,000,000, such prepayment to be effected in each case in the manner and to the extent specified in clause (viviii) below; provided that, notwithstanding the foregoing, the Borrower shall not be required to make a prepayment under this clause (ivv) to the extent that

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands Inc)

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