Common use of Certain Proceeds of Indebtedness Clause in Contracts

Certain Proceeds of Indebtedness. Not later than the Business Day following the date of the receipt by the Borrower or any of its Subsidiaries of the cash proceeds (net of underwriting discounts and commissions, placement agent fees and other customary fees and costs associated therewith) from any sale or issuance of Indebtedness (other than the sale or issuance of any Indebtedness pursuant to Sections 7.4(a) though 7.4(l)) by the Borrower or any of its Subsidiaries, as the case may be. after the Closing Date, the Borrower will make a prepayment of the Loans in an amount equal to 100% of such net proceeds in accordance with Section 2.12(c).

Appears in 1 contract

Sources: Credit Agreement (RBC Bearings INC)

Certain Proceeds of Indebtedness. Not later than the Business Day following the date of the receipt by the Borrower any Credit Party or any of its Subsidiaries of the cash proceeds (net of underwriting discounts and commissions, placement agent fees and other customary fees and costs associated therewith) from any sale or issuance of any Indebtedness (other than the sale or issuance including any refinancing of Indebtedness of any Indebtedness Real Estate Subsidiary permitted pursuant to Sections 7.4(a) though 7.4(lSection 7.04(f)) by the Borrower or any , but excluding Indebtedness incurred pursuant to each other provision of its Subsidiaries, as the case may be. Section 7.04 after the Closing Date), the Borrower will make a prepayment of the Loans in an amount equal to 100% of such net proceeds Net Cash Proceeds in accordance with Section 2.12(c)2.11(d) below.

Appears in 1 contract

Sources: Credit Agreement (Preferred Apartment Communities Inc)

Certain Proceeds of Indebtedness. Not later than the Business Day following the date of the receipt by the Borrower any Credit Party or any of its Subsidiaries of the cash proceeds (net of underwriting discounts and commissions, placement agent fees and other customary fees and costs associated therewith) from any sale or issuance of any Indebtedness (other than the sale or issuance including any refinancing of Indebtedness of any Indebtedness Real Estate Subsidiary permitted pursuant to Sections 7.4(a) though 7.4(lSection 7.04(f)) by the Borrower or any , but excluding Indebtedness incurred pursuant to each other provision of its Subsidiaries, as the case may be. Section 7.04 after the Closing Date), the Borrower will make a prepayment of the Loans in an amount equal to 100% of such net proceeds Net Cash Proceeds in accordance with Section 2.12(c)2.10(c) below.

Appears in 1 contract

Sources: Credit Agreement (Preferred Apartment Communities Inc)