Common use of Asset Disposition Prepayment Clause in Contracts

Asset Disposition Prepayment. The Borrower shall pay to the Administrative Agent, for the accounts of the Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to Section 9.5.2(d), 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, for all such asset dispositions undertaken pursuant to Section 9.5.2

Appears in 1 contract

Sources: Revolving Credit and Gold Consignment Agreement (Whitehall Jewellers Inc)

Asset Disposition Prepayment. The Borrower shall pay to the Administrative Agent, for the accounts of the Banks (each, an "Asset Disposition Prepayment"), within thirty (30) days after the completion by the Borrower of any asset dispositions pursuant to Section 9.5.2(d11.5.2(d), 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, for all such asset dispositions undertaken pursuant to Section 9.5.211.5.2

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Gold Consignment Agreement (Marks Bros Jewelers Inc)