Other Mandatory Prepayments. In addition to and without limiting any provision of any Loan Document:
Other Mandatory Prepayments. (A On each date on which the Borrower sells any of its Oil and Gas Properties, the Borrowing Base will be automatically reduced to the loan value (determined in accordance with the procedures for determining the Borrowing Base) of the remaining Borrowing Base Oil and Gas Properties, and the Borrower shall be required to make the prepayment, if any, required pursuant to Section 2.07.
Other Mandatory Prepayments. (a) If a Change of Control occurs that has not been consented to in writing by the Requisite Lenders (at their sole option) prior to the consummation thereof, on or prior to the first Business Day following the date of such Change of Control, Borrower shall prepay the Loan and all other Obligations in full in cash together with accrued interest thereon to the date of prepayment and all other amounts owing to Agent and Lenders under the Loan Documents.
Other Mandatory Prepayments. If at any time the aggregate outstanding --------------------------- principal amount of the Loans exceeds the Total Commitment then in effect, then the Borrower shall immediately pay to the Agent for the ratable account of the Lenders the amount of such excess, together with accrued and unpaid interest to the date of such prepayment on the principal amount prepaid.
Other Mandatory Prepayments. Borrower shall make a prepayment to Administrative Agent for the benefit of Lenders (without necessity of notice or demand by Administrative Agent) upon the occurrence of any of the following (each a "Mandatory Prepayment Event") at the following times and in the following amounts (such applicable amounts being referred to as "Designated Proceeds"): (i) within one Business Day of the receipt by Borrower or any of its Subsidiaries of any Net Cash Proceeds from any Asset Sale, in an amount equal to 100% of such Net Cash Proceeds; (ii) within one Business Day of the receipt by Guarantor, Borrower or any of their respective Subsidiaries of , any Net Cash Proceeds from any issuance of Equity Securities of Guarantor (other than any proceeds from (1) the issuance of Guarantor Common Stock pursuant to the Rights Offering and (2) the issuance of Guarantor Common Stock pursuant to the Capital Infusion Purchase Agreement; provided such proceeds shall be applied in accordance with Section 5.20), Borrower or any of their respective Subsidiaries without duplication (excluding (x) any issuance of shares of capital stock pursuant to any employee or director stock option program, benefit plan or compensation program and (y) any issuance by a Subsidiary to Borrower or another Restricted Subsidiary of Borrower), in an amount equal to 100% of such Net Cash Proceeds; (iii) within one Business Day of the receipt by Guarantor, Borrower or any of their respective Subsidiaries of any Net Cash Proceeds from any issuance of Funded Debt by Borrower, Guarantor (other than any proceeds from the issuance of the Capital Infusion Notes; provided, that such proceeds shall be applied in accordance with Section 5.20) of or any of their respective Subsidiaries (excluding Funded Debt which is Permitted Indebtedness under clauses a through j of Section 5.2), in an amount equal to 100% of such Net Cash Proceeds; and (iv) within one Business Day of the receipt by Guarantor, Borrower or any of their respective Subsidiaries, of any federal income tax refund that when added to any other federal income tax refunds received by Guarantor, Borrower or any of their respective Subsidiaries on or after the Closing Date exceeds $18,800,000. Any prepayment required to be made pursuant to this Section 1.1.6.5.c. shall be applied pursuant to Section 1.5.3 and will permanently reduce the Line of Credit Commitment to the extent such amounts are applied to principal under the Line of Credit Facility.
Other Mandatory Prepayments. (a) Except as provided below, if Borrower receives any proceeds from any tax refunds, indemnity payments or pension reversions, Borrower shall pay to Agent for the ratable benefit of Lenders, as and when received by Borrower and as a mandatory prepayment of the Loans, a sum equal to the proceeds of such tax refund, indemnity payment or pension reversion so received by Borrower. The foregoing notwithstanding, if Borrower receives any indemnity payment which effectively reimburses Borrower for a cost or expense incurred or to be incurred by Borrower, then the proceeds of such indemnity payment paid over to Agent pursuant to the preceding sentence shall be applied against outstanding Revolving Credit Loans.
Other Mandatory Prepayments. The Agent shall on each Business Day apply all funds deposited in the Agent Account to the payment, in whole or in part, of the Obligations outstanding.
Other Mandatory Prepayments. At any time when a Dominion Period is in effect, if any Borrower or any Subsidiary receives any cash proceeds from any tax refunds actually received, indemnity payments or pension plan reversions, Borrowers shall jointly and severally pay to Agent for the benefit of Lenders, when and as received by such Borrower or such Subsidiary, and as a mandatory prepayment of the Obligations, a sum equal to 100% of such proceeds of such tax refund, indemnity payment or pension plan reversions. Any such prepayment shall be applied to the Obligations in the manner specified in the second sentence of subsection 3.3.1 until payment thereof in full.
Other Mandatory Prepayments. In addition to the payments required by Section 2.03(b) hereof, Borrower shall (subject to Section 2.02(d) below) make mandatory prepayments of the Term Loan as set forth below, all of which shall be without premium or penalty. Subject to Section 2.02(d) below, all such prepayments required under clauses (i) and (ii) below shall be applied pro rata to the remaining scheduled payments of principal due under the Term Loan (including, without limitation, the payment due on the Maturity Date thereof). To the extent any amounts remain after such application, other than any amounts remaining as a result of one or more Lenders declining prepayment pursuant to Section 2.02(d), such amounts may be retained by Borrower.
Other Mandatory Prepayments. If any Borrower or any Guarantor receives any proceeds from any tax refunds, indemnity payments or pension plan reversions, Borrowers shall jointly and severally pay to Agent for the benefit of Lenders, when and as received by such Borrower or such Guarantor, and as a mandatory prepayment of the Obligations, a sum equal to 100% of such proceeds of such tax refund, indemnity payment or pension plan reversions. Any such prepayment shall be applied to reduce the outstanding principal balance of the Revolving Credit Loans, but shall not permanently reduce the Revolving Loan Commitments.
