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 any Credit Party or any Restricted Subsidiary of the Net Cash Proceeds from any sale or issuance of (A) any Indebtedness other than any Indebtedness permitted to be incurred pursuant to Section 7.03 or (B) any Credit Agreement Refinancing Indebtedness, in each case, after the Closing Date, the Parent Borrower will make a prepayment of the Loans in an amount equal to 100% of such Net Cash Proceeds in accordance with Section 2.13(d) below. In connection with any prepayment under this Section 2.13(c)(vi)(B) which constitutes a Repricing Event that is consummated in respect of all or any portion of the Initial Term Loans on or prior to the twelve (12) month anniversary of the Closing Date, the Parent Borrower shall pay to each Term Lender the fee required by Section 2.11(h).

Appears in 1 contract

Sources: Credit Agreement (PGT, Inc.)

Certain Proceeds of Indebtedness. Not later than the Business Day following the date of the receipt by any Credit Party or any Restricted Subsidiary of the Net Cash Proceeds from any sale or issuance of (A) any Indebtedness other than any Indebtedness not permitted to be incurred pursuant to Section 7.03 or (B) any Credit Agreement Refinancing Indebtedness, in each case, after the Closing ClosingThird Amendment Effective Date, the Parent Borrower will make a prepayment of the Loans in an amount equal to 100% of such Net Cash Proceeds in accordance with Section 2.13(d) below. In connection with any prepayment under this Section 2.13(c)(vi)(B) which constitutes a Repricing Event that is consummated in respect of all or any portion of the Initial Term Loans on or after the Second Amendment Effective Date and prior to the twelve six (126) month anniversary of the Closing Second Amendment Effective Date, the Parent Borrower shall pay to each Term Lender the fee required by Section 2.11(h).

Appears in 1 contract

Sources: Credit Agreement (PGT Innovations, Inc.)

Certain Proceeds of Indebtedness. Not later than the Business Day following the date of the receipt by any Credit Party or any Restricted Subsidiary of the Net Cash Proceeds from any sale or issuance of (A) any Indebtedness other than any Indebtedness not permitted to be incurred pursuant to Section 7.03 or (B) any Credit Agreement Refinancing Indebtedness, in each case, after the Closing Date, the Parent Borrower will make a prepayment of the Loans in an amount equal to 100% of such Net Cash Proceeds in accordance with Section 2.13(d) below. In connection with any prepayment under this Section 2.13(c)(vi)(B) which constitutes a Repricing Event that is consummated in respect of all or any portion of the Initial Term Loans on or prior to the twelve (12) month anniversary of the Closing Date, the Parent Borrower shall pay to each Term Lender the fee required by Section 2.11(h).

Appears in 1 contract

Sources: Credit Agreement (PGT, Inc.)