Common use of Beginning on the Closing Date Clause in Contracts

Beginning on the Closing Date. the Borrower shall apply all Net Proceeds from any issuance or incurrence of Refinancing Notes, Refinancing Term Loans and Replacement Revolving Facility Commitments (other than solely by means of extending or renewing then existing Refinancing Notes, Refinancing Term Loans and Replacement Revolving Facility Commitments without resulting in any Net Proceeds), no later than three (3) Business Days after the date on which such Refinancing Notes, Refinancing Term Loans and Replacement Revolving Facility Commitments are issued or incurred, to prepay Term Loans, if any, and/or Revolving Facility Commitments in accordance with Sections 2.10(c), 2.23 and the definition of “Refinancing Notes” (as applicable).