Common use of Debt Proceeds Clause in Contracts

Debt Proceeds. On the date which is one Business Day after receipt of Debt Proceeds, FDTH shall repay Term A Loans in an amount equal to each Term A Lender’s Term A Percentage of the applicable Term Loan Reduction Amount of such Debt Proceeds allocated to the Term A Loans pursuant to Section 6.2.3(b)(i).

Debt Proceeds. On the date which is one Business Day after receipt of Debt Proceeds, FDTH shall offer to repay Term A B Loans in an amount equal to each such Term A B Lender’s Term A B Percentage of the applicable Term Loan Reduction Amount of such Debt Proceeds allocated to the Term A B Loans pursuant to Section 6.2.3(b)(i6.2.4(b)(i), in each case in accordance with Section 6.2.4(d).