Common use of Mandatory Prepayments and Commitment Reductions Clause in Contracts

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, any Indebtedness shall be incurred by the Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtedness), an amount equal to 100% of the Net Cash Proceeds of such incurrence shall be applied on the date of such incurrence toward the prepayment of the Loans as set forth in Section 4.09(b).

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.)

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Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be issued or incurred by the Parent Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtednessexcluding any Indebtedness issued or incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of within five Business Days after such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 4.09(b2.12(f).

Appears in 3 contracts

Samples: Credit Agreement (CONMED Corp), Credit Agreement (CONMED Corp), Credit Agreement (Conmed Corp)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be issued or incurred by the Parent Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtednessexcluding any Indebtedness issued or incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of within five Business Days after such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 4.09(b2.12(e).

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be incurred by Parent, Holdings or the Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtedness)excluding any Indebtedness permitted by Section 9.3, then, on the date of such incurrence, the Term Loans shall be prepaid in an amount equal to 100% of the Net Cash Proceeds of such incurrence shall be applied on the date of such incurrence toward the prepayment of the Loans incurrence, as set forth in Section 4.09(b5.5(d).

Appears in 1 contract

Samples: Credit Agreement (Six Flags Entertainment Corp)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness (excluding any Indebtedness incurred in accordance with Section 6.02), shall be issued or incurred by the Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtedness)Borrower, an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 4.09(b2.09(c).

Appears in 1 contract

Samples: Credit Agreement (USMD Holdings, Inc.)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be issued or incurred by the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness issued or incurred in accordance with Section 7.2 (other than Excluded IndebtednessSection 7.2(h))), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of within five Business Days after such incurrence receipt thereof toward the prepayment of the Term Loans as set forth in Section 4.09(b2.12(d).

Appears in 1 contract

Samples: Credit Agreement (Forrester Research, Inc.)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be issued or incurred by the Parent Borrower or any of its Restricted Subsidiaries (other than Excluded Indebtednessexcluding any Indebtedness issued or incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of within five Business Days after such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 4.09(b2.12(ef).

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

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Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be incurred by the Borrower or any of its Restricted Subsidiaries Group Member (other than Excluded Indebtednessexcluding any Indebtedness incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on within ten (10) Business Days after the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 4.09(b2.11(d).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Allscripts-Misys Healthcare Solutions, Inc.)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be incurred by the Borrower Holdings or any of its Restricted Subsidiaries (other than Excluded Indebtednessexcluding any Indebtedness incurred in accordance with subsection 7.2), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans and the permanent reduction of the Revolving Credit Commitments as set forth in Section 4.09(bsubsection 2.11(d).

Appears in 1 contract

Samples: Credit Agreement (Ifco Systems Nv)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, (a) If any Indebtedness shall be issued or incurred by the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness issued or incurred in accordance with Section 7.2 (other than Excluded IndebtednessSection 7.2(h))), an amount equal to 100% of the Net Cash Proceeds of such incurrence thereof shall be applied on the date of within five Business Days after such incurrence receipt thereof toward the prepayment of the Term Loans as set forth in Section 4.09(b2.12(d).

Appears in 1 contract

Samples: Credit Agreement (Forrester Research, Inc.)

Mandatory Prepayments and Commitment Reductions. (a) If, after the Closing Date, If any Indebtedness shall be incurred by the Borrower Holdings or any of its Restricted Subsidiaries (other than Excluded Indebtednessexcluding any Indebtedness permitted by Section 9.2), then, on the date of such incurrence the Loans shall be prepaid, by an amount equal to 100% the amount of the Net Cash Proceeds of such incurrence shall be applied on the date of such incurrence toward the prepayment of the Loans incurrence, as set forth in Section 4.09(b5.5(d), together with any amounts required by Section 5.11(b).

Appears in 1 contract

Samples: Credit Agreement (Six Flags, Inc.)

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