Examples of Excluded Equity Interest in a sentence
In the event that the Borrower receives any Net Cash Proceeds (including into escrow) of any issuance of any Equity Interest (other than any Excluded Equity Interest Issuance), in each case on or after the Effective Date, then 100% of such Net Cash Proceeds shall be applied, not later than three Business Days following the receipt by the Borrower of such Net Cash Proceeds, to prepay the Loans as set forth in Section 2.09(c).
Notwithstanding anything herein to the contrary, to the extent and for so long as any asset is an Excluded Equity Interest, the Security Interest granted under this Section 4.01 shall not attach to, and the Article 9 Collateral shall not include, such asset; provided , however that the Security Interest shall immediately attach to, and the Article 9 Collateral shall immediately include, any such asset (or portion thereof) upon such asset (or such portion) ceasing to be an Excluded Equity Interest.
Notwithstanding anything herein to the contrary, to the extent and for so long as any asset is an Excluded Equity Interest, the Security Interest granted under this Section 4.01 shall not attach to, and the Article 9 Collateral shall not include, such asset; provided, however that the Security Interest shall immediately attach to, and the Article 9 Collateral shall immediately include, any such asset (or portion thereof) upon such asset (or such portion) ceasing to be an Excluded Equity Interest.