Common use of Issuance of Subordinated Debt Clause in Contracts

Issuance of Subordinated Debt. On the date of receipt by NCH or any of its Restricted Subsidiaries of any cash proceeds (net of any underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) from incurrence of any Subordinated Debt of NCI or NCH, in excess of $300,000,000 in the aggregate from the Restatement Effective Date through the applicable date of determination (the amount of such net proceeds exceeding $300,000,000 received during any such period are herein called the "Excess Debt Proceeds Amount"), pay to the Administrative Agent as a prepayment of the Term Loans, the Incremental Facility Loans and/or the Revolving Credit Commitments shall be permanently reduced as set forth in Section 2.8(f), an aggregate amount equal to all of the Excess Debt Proceeds Amount.

Issuance of Subordinated Debt. On the date of receipt by NCH or any of its Restricted Subsidiaries of any cash proceeds (net of any underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) from incurrence of any Subordinated Debt of NCI or NCH, in excess of $300,000,000 in the aggregate from the Restatement Effective Date through the applicable date of determination (the amount of such net proceeds exceeding $300,000,000 received during any such period are herein called the "Excess Debt Proceeds Amount"), pay to the Administrative Agent as a prepayment of the Term Loans, the Incremental Facility Loans and/or the Revolving Credit Commitments shall be permanently reduced as set forth in Section 2.8(f), an aggregate amount equal to all of the Excess Debt Proceeds Amount.