Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Loans and/or Cash Collateralize the L/C Obligations in the manner set forth in Section 4.4(b)(v) below in amounts equal to one hundred percent (100%) of: (A) the aggregate Net Cash Proceeds from any incurrence of Permitted Senior Notes permitted pursuant to Section 11.1(o); and (B) the aggregate Net Cash Proceeds in excess of $1,000,000 in the aggregate during any Fiscal Year from any incurrence of Debt by the Borrower or any of its Restricted Subsidiaries not otherwise permitted pursuant to Section 11.1. Any such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.
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Sources: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)
Debt Proceeds. The Borrower shall make mandatory principal prepayments of the Loans and/or Cash Collateralize the L/C Obligations in the manner set forth in Section 4.4(b)(v4.4(b)(vvi) below in amounts equal to one hundred percent (100%) of:
(A) the aggregate Net Cash Proceeds from any incurrence of Permitted Senior Notes permitted pursuant to Section 11.1(o); and
(B) the aggregate Net Cash Proceeds in excess of $1,000,000 in the aggregate during any Fiscal Year from any incurrence of Debt by the Borrower or any of its Restricted Subsidiaries not otherwise permitted pursuant to Section 11.1. Any such prepayment shall be made within three (3) Business Days after the date of receipt of Net Cash Proceeds of any such transaction.
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