Net Securities Proceeds means the cash proceeds (net of customary underwriting discounts and commissions and other customary costs and expenses associated therewith, including customary legal fees and expenses and taxes) from the incurrence of Indebtedness by Holdings, the Borrower or any of its Subsidiaries.

Net Securities Proceeds shall have the meaning assigned to that term in subsection 2.4B(iii)(b).

Examples of Net Securities Proceeds in a sentence

On the date of receipt of the Net Securities Proceeds from the issuance of any Capital Stock of Company or of any Subsidiary of Company after the Closing Date, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.
Calculations Concurrently with any prepayment of the Loans and/or reduction of the Revolving Loan Commitment Amount pursuant to subsections 2.4(b)(iii)(A) to (E), Company shall deliver to Administrative Agent an Officer's Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Securities Proceeds, or Consolidated Excess Cash Flow, as the case may be, that gave rise to such prepayment and/or reduction.
On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

More Definitions of Net Securities Proceeds

Net Securities Proceeds has the meaning set forth in subsection 2.4B(iii)(c).

Net Securities Proceeds means, with respect to any sale or ----------------------- issuance of equity securities (whether common or preferred, options, warrants or capital appreciation rights, but excluding any sales or issuance of stock pursuant to employee stock purchase plans, employee stock option plans or other employee benefit plans), the excess of (A) the gross cash and non-cash proceeds received or receivable by JM or any Subsidiary from such issuance minus (B) the ----- sum of (i) all Attorney Costs and underwriting and accounting fees and disbursements and government fees actually paid (or reasonably expected to be paid during the fiscal year in which such sale or issuance occurs) in connection with such sale or issuance which are not payable to JM or to any Affiliate of JM or any Subsidiary; and (ii) all taxes actually paid in connection with such sale or issuance.

Net Securities Proceeds means the cash proceeds (net of reasonable underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) from the incurrence of Indebtedness by the Borrower or any of its Subsidiaries.

Net Securities Proceeds has the meaning assigned to that term in subsection 2.4B(iii)(b).

Net Securities Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses and taxes paid or payable) from the (i) issuance of Capital Stock of or incurrence of Indebtedness by Holdings, Company or any of its Subsidiaries, and (ii) capital contributions made by a holder of Capital Stock of Holdings. Net Securities Proceeds shall not include (a) any capital contribution by Holdings, Company or any Subsidiary of either or (b) the proceeds of the issuance or sale of any Capital Stock of a Subsidiary of Company, in each case, to Company or another Subsidiary of Company.

Net Securities Proceeds with respect to any private or public offering of securities means the gross proceeds thereof received by or for the account of Lexington net of (a) underwriting discounts and commissions and (b) reasonable out-of-pocket fees and expenses incurred in connection with such offering or borrowing.