Common use of Mandatory Prepayments and Commitment Reductions Clause in Contracts

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Sections 2.11(d) and 2.17(b).

Mandatory Prepayments and Commitment Reductions. (a) If any Indebtedness or Disqualified Capital Stock or Indebtedness shall be issued incurred or incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiaryany Group Member (other than Excluded Indebtedness), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such incurrence or issuance or incurrence toward the prepayment of the Term Loans as set forth in Sections 2.11(d) and 2.17(bSection 4.2(d).

Mandatory Prepayments and Commitment Reductions. (a) (i) If any Capital Stock or Indebtedness shall be issued or incurred by the Borrower or any of its Subsidiaries after the Funding Date (excluding (A) any Capital Stock issued by the Borrower in connection with employee compensation arrangements, and (B) any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary7.2), an amount equal to 100% the Applicable Prepayment Percentage of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Sections Section 2.11(d) and 2.17(b).

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by the Borrower or any of its Subsidiaries Group Member (excluding any Indebtedness incurred in accordance with Section 7.2 or 7.2, other than paragraph (g) thereof but excluding any Capital Stock issued purchase money Indebtedness incurred in connection with an acquisition permitted by a Subsidiary to the Borrower or to another SubsidiarySection 7.8(h)), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Sections Section 2.11(d) and 2.17(b).

Mandatory Prepayments and Commitment Reductions. (a) If Unless the Required Lenders shall otherwise agree, if any Capital Stock shall be issued, or Indebtedness shall be issued or incurred incurred, by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans and the reduction of the Revolving Credit Commitments as set forth in Sections 2.11(d) and 2.17(bSection 2.12(d).

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by any Group Member (excluding any Capital Stock issued by the Borrower or any of its Subsidiaries (excluding used to finance a Permitted Acquisition) and any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary6.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Sections 2.11(d) and 2.17(b)Loans.

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by any member of the Borrower Restricted Group, or if any of its Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary)Additional Subordinated Debt shall be incurred, an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment reduction of the Term Loans Revolving Commitments as set forth in Sections 2.11(d) and 2.17(bSection 2.6(d).

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred by Holdings, the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to the Borrower or to another Subsidiary7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans and the reduction of the Revolving Commitments as set forth in Sections 2.11(d) and 2.17(bSection 2.12(e).

Mandatory Prepayments and Commitment Reductions. (a) If any Capital Stock or Indebtedness shall be issued or incurred Incurred by the Borrower or any of its Subsidiaries (excluding any Permitted Issuance and any Incurrence of Indebtedness incurred in accordance with Section 7.2 or any Capital Stock issued by a Subsidiary to as in effect on the Borrower or to another Subsidiarydate of this Agreement), an amount equal to 100% of the Net Cash Proceeds thereof (excluding any Equity Financing Proceeds) shall be applied on the date of such issuance or incurrence Incurrence toward the prepayment of the Term Loans and the reduction of the Revolving Credit Commitments as set forth in Sections Section 2.11(d) and 2.17(b).