Common use of Issuance of Debt Clause in Contracts

Issuance of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).

Appears in 5 contracts

Samples: Credit Agreement (Maxim Group Inc /), Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Ivex Packaging Corp /De/)

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Issuance of Debt. Immediately upon receipt by a Credit ---------------- Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower Borrowers shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below)Loans.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Issuance of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders and the Maxim Retail Lenders as a prepayment of the Loans and Maxim Retail Loans (to be applied as set forth in Section 3.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

Issuance of Debt. Immediately upon receipt by a Credit ---------------- Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward prepay the Loans in an amount equal to 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a (such prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).

Appears in 1 contract

Samples: Security Agreement (Packaging Dynamics Corp)

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Issuance of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders and the Maxim Group Lenders as a prepayment of the Loans and Maxim Group Loans (to be applied as set forth in Section 3.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

Issuance of Debt. Immediately upon receipt by a Credit Party or any of its Subsidiaries of proceeds from any Debt Issuance, the Borrower Borrowers shall forward 100% of the Net Cash Proceeds of such Debt Issuance to the Lenders as a prepayment of the Loans (to be applied as set forth in Section 3.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Gerber Childrenswear Inc)

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