Examples of Net Cash Payments in a sentence
Anything herein to the contrary notwithstanding, the Borrowers shall not be required to make any prepayment pursuant to this clause (ii) with respect to the first $20,000,000 of Net Cash Payments received by the Borrowers.
The Borrower will not be required to apply Remaining Net Cash Payments in respect of any Disposition or Asset Swap on any Asset Sale Prepayment Date in accordance with Section 2.11(b)(i) to the extent that the amount of such Remaining Net Cash Payments required to be applied as of such date exceeds the sum, as of such date, of the aggregate Revolving Credit Exposure.
B2 Loans shall be effected in each case in the manner and to the extent specified in Section 2.10(c); provided that if at the time of any such Disposition an Event of Default shall have occurred and be continuing, the Credit Parties shall not have the right to reinvest any Net Cash Payments and shall instead prepay the Term B2 Loans by 100% of the amount of Net Cash Payments received from such Disposition.
For purposes of this Section 7.10(d), Capital Expenditures made by the reinvestment of Net Cash Payments in accordance with Section 2.10(b) shall not be deemed Capital Expenditures.
On each Asset Sale Prepayment Date, the Borrower will prepay the Loans (and provide cover for LC Exposure) in an amount equal to the lesser of (1) the Remaining Net Cash Payments with respect thereto as of such date and (2) the Outstanding Amount as of such date; such prepayment to be effected in each case in the manner and to the extent specified in Section 2.11(c).