Mandatory Prepayments of the Term Loans. Upon receipt of the proceeds of the sale or other disposition of any Equipment (other than obsolete equipment permitted to be sold pursuant to SECTION 7 hereof) or real property of an Obligor which is subject to a lien or mortgage in favor of Agent or Lender, or if any of the Equipment or real property subject to such lien or mortgage is damaged, destroyed or taken by condemnation in whole or in part, the proceeds thereof (other than insurance proceeds payable to an Obligor pursuant to SECTION 12(e) hereof) shall be paid by such Obligor to Agent as a mandatory prepayment of the Term Loans to be applied against the outstanding principal balance of the Term Loans in such order as Agent in its sole discretion determines.
Mandatory Prepayments of the Term Loans. (i) Upon the incurrence or issuance by the Borrower or any of its Restricted Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.03 (unless such Indebtedness is permitted to be incurred or issued under Section 7.03 solely if the proceeds thereof are applied to prepay the Term Loans)), the Borrower shall prepay an aggregate principal amount of Term Loans equal to 100% of all Net Cash Proceeds therefrom no later than one (1) Business Day after receipt thereof by the Borrower or any such Restricted Subsidiary.
Mandatory Prepayments of the Term Loans. (a) The Borrower shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date.
Mandatory Prepayments of the Term Loans. (a) On the first day of the fourth month after the end of each Fiscal Year, the Borrower shall make a prepayment of the principal of the Loans in an amount equal to 50% of Excess Cash Flow for such Fiscal Year. Such prepayment shall be applied to the outstanding principal amount of the Term Loan, in inverse order of maturity, until paid in full. The Borrower hereby agrees and acknowledges that any prepayment required to be made under this Section 4.5(a) shall not constitute a payment in satisfaction of, nor in any way limit or modify, the payments required by Section 4.5(c).
Mandatory Prepayments of the Term Loans. (a) The Parent shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, upon the termination of this Agreement or the Revolver Facility for any reason. Prepayments on the Term Loans shall also be required to be made as provided in Sections 8.5 and 8.6.
Mandatory Prepayments of the Term Loans. The Borrower shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date. The Borrower shall use proceeds of the Senior Replacement Notes in excess of those used by the Borrower to redeem or otherwise acquire in full the Senior Subordinated Notes to prepay the Term Loans in full. Amounts prepaid in respect of the Term Loans pursuant to this Section 4.5 may not be reborrowed.
Mandatory Prepayments of the Term Loans. (a) On the first day of the fourth month after the end of each Fiscal Year, the Borrower shall make a prepayment of the principal of the Loans in an amount equal to 50% of Excess Cash Flow for such Fiscal Year. Such prepayment shall be applied first, to the outstanding principal amount of the Term Loan, in inverse order of maturity, until paid in full, and second, pro rata to the outstanding principal amount of the CAPEX Loans, in inverse order of maturity, until paid in full.
Mandatory Prepayments of the Term Loans. If the Maximum Revolver Amount has been reduced to zero (-0-) and any amounts described in clause (b) of the definition of "Maximum Revolver Amount" have not been applied to reduce the Maximum Revolver Amount, Borrowers shall prepay the Term Loans in the amount of such unapplied amounts.
Mandatory Prepayments of the Term Loans. The outstanding principal amount of the Term Loans shall be prepaid (and the Term Commitment shall concurrently automatically and permanently reduce):
Mandatory Prepayments of the Term Loans. The Borrowers shall prepay the entire unpaid principal balance of the Term Loans, and all accrued but unpaid interest thereon, on the Termination Date. In connection with any such prepayment, if any LIBOR Term Loans are prepaid prior to the expiration date of the Interest Period applicable thereto, the Borrowers shall pay to the Lenders the amounts described in SECTION 5.4.
