Unapplied Amount definition
Unapplied Amount means an amount equal to the sum of (a) the aggregate Net Cash Proceeds received by Kraft Foods Global and its wholly owned Subsidiaries from Debt Issuances after the Effective Date, (b) the aggregate principal amount of debt securities issued by Kraft Foods Global after the Effective Date but prior to consummation of the Spin-Off in exchange for existing Debt of Kraft Foods or any of its Subsidiaries and (c) the aggregate Net Cash Proceeds received by Kraft Foods Global (and, prior to consummation of the Spin-Off, Kraft Foods) from Equity Capital Markets Transactions after the Effective Date, in each case to the extent such Net Cash Proceeds (or, in the case of clause (b), an amount equal to the principal amount of such debt securities) have not been applied to prepay Pro Rata Advances in accordance with Section 2.11(b).
Unapplied Amount shall have the meaning ascribed to such term in Section 8.8(c) of the Note Purchase and Participation Agreement.
Examples of Unapplied Amount in a sentence
The Unapplied Amount, if any (following a Re-Offer), shall be retained in the Revenue Accounts and may be used for any purpose not prohibited by this Agreement.
If any holder of Notes rejects (or is deemed to reject such offer in accordance with this Section 8.8(c)), the Co-Issuers shall re-offer such unapplied Excess Cash Flow Prepayment Amount (“Unapplied Amount”) to any holder of Notes that previously accepted such offer (“Re-Offer”), which Re-Offer may be accepted or rejected pursuant to this Section 8.8(c); provided, however, the Co-Issuers shall only make one Re-Offer with respect to any Unapplied Amount.