Examples of Net Debt Issuance Proceeds in a sentence
On the third Business Day following receipt of the Net Debt Issuance Proceeds by any Group Member after the Closing Date, Borrower shall prepay the applicable Loans in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.
No later than the first Business Day following the date of receipt by Borrower or any of its Subsidiaries of any Net Debt Issuance Proceeds, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.16(b) in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.
If a Default has occurred and is continuing, then notwithstanding anything contained in this Section 2.11(b) to the contrary, the Borrower shall cause the Administrative Agent to receive immediately on receipt of the same for application as a permanent reduction to the Revolving Loans an amount equal to one hundred percent (100%) of: (i) Net Casualty Proceeds, (ii) Net Debt Issuance Proceeds, (iii) Net Equity Proceeds, and (iv) Net Disposition Proceeds.
If as of any date, Parent or any of its Subsidiaries shall have received Aggregate Net Debt Issuance Proceeds in excess of $25,000,000 in any Fiscal Year, Company shall, no later than the third Business Day following the date of receipt of such proceeds exceeding such amount, prepay the Term Loans as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such excess.
No later than the first Business Day following the date of receipt by Borrower or any of its Subsidiaries of any Net Debt Issuance Proceeds, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such Net Debt Issuance Proceeds.