Debt or Equity Proceeds definition

Debt or Equity Proceeds means the net cash consideration received by any member of the Group for any Debt or Equity Issue made by any member of the Group. If the Parent or any member of the Group receives any Debt or Equity Proceeds, the Parent shall procure that such Debt or Equity Proceeds are promptly applied in prepayment and/or cancellation of the Facilities in accordance with Clause 11.10 (APPLICATION OF PREPAYMENTS).
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Debt or Equity Proceeds has the meaning ascribed to it in Clause 11.8 (Mandatory Prepayment from Debt or Equity Proceeds).
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Debt or Equity Proceeds means the cash proceeds raised from a Debt or Equity Issue, net of Taxes and all costs, expenses, commissions and fees reasonably incurred or to be incurred in connection with such Debt or Equity Issue, excluding the proceeds of any Financial Indebtedness which:
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Examples of Debt or Equity Proceeds in a sentence

  • If the amount of Net Debt or Equity Proceeds is insufficient to repay the full amount of all outstanding principal and accrued interest on the Loans, and all other monetary Obligations of the Borrower, such Net Debt or Equity Proceeds shall be applied first to the reduction of accrued and unpaid interest, and then to the reduction of outstanding principal, and then to the satisfaction of any other monetary Obligations of the Borrower.

  • Prior to the Stated Maturity Date, on the date of the receipt by the Borrower or any Subsidiary of Net Debt or Equity Proceeds, or any proceeds from any sale of assets other than inventory sold in the ordinary course of business, the Loans, together with all other monetary Obligations of the Borrower, shall be immediately repaid.

  • Subject to paragraph (c) below, where any Disposal Proceeds or Debt or Equity Proceeds are received by a member of the Group and one or more Loans are outstanding, the Borrower shall notify the Agent promptly following such receipt and apply (or shall procure the application of) such Disposal Proceeds or Debt or Equity Proceeds in prepayment of Loans outstanding.

  • Subject to paragraph (c) below, where any Disposal Proceeds or Debt or Equity Proceeds are received by a member of the Group and no Loan is outstanding at that time but the Available Facility has not been irrevocably cancelled in full, the Borrower shall notify the Agent promptly following receipt of such Disposal Proceeds or Debt or Equity Proceeds and immediately upon such notification the Available Facility shall be cancelled in an amount equal to such Disposal Proceeds or Debt or Equity Proceeds.

  • Any such prepayment shall be made promptly on (or as soon as reasonably practicable following) receipt of such Disposal Proceeds or Debt or Equity Proceeds by that member of the Group and in any event within 20 Business Days of such receipt.

  • If the amount of the Disposal Proceeds or Debt or Equity Proceeds exceeds the outstanding amount under the Facility and once the Facility is repaid in full in accordance with this paragraph (a), the remaining Disposal Proceeds or Debt or Equity Proceeds shall be applied by the Borrower to cancel the Available Facility in an amount equal to the remaining Disposal Proceeds or Debt or Equity Proceeds (and the Available Commitment of the Lenders will be cancelled rateably).


More Definitions of Debt or Equity Proceeds

Debt or Equity Proceeds means the net cash consideration received by any member of the Group for any Debt or Equity Issue made by any member of the Group. If the Parent or any member of the Group receives any Debt or Equity Proceeds, the Parent shall procure that such Debt or Equity Proceeds are promptly applied in prepayment and/or cancellation of the Facilities in accordance with Clause 11.10 (Application of prepayments).
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