Asset Disposition Prepayment. The Borrower shall pay to the Dollar Agent, for the accounts of the Dollar Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to ss.12.5.2(j), an amount equal to one hundred percent (100%) of the Net Proceeds received by the Borrower in connection with such asset disposition solely to the extent that the aggregate amount of Net Proceeds received by the Borrower shall exceed (a) for all such asset dispositions undertaken pursuant to ss.12.5.2(j) during the period prior to the first anniversary of the Closing Date, $500,000 and (b) for all such asset dispositions undertaken pursuant to ss.12.5.2
Appears in 2 contracts
Sources: Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc), Revolving Credit, Term Loan and Gold Consignment Agreement (Commemorative Brands Inc)