Mandatory Prepayment Events. [we refer to Clause [ ] (For the avoidance of doubt, no Flotation may occur in respect of any Equity Interest of any Group Member. Disposal, Insurance and Recovery Proceeds and Excess Cashflow). We confirm that the amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] is [ ], and that the specific purpose for which it was intended to be used is [ ]. We confirm that such amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] has been used for that specific purpose and within the applicable period in the manner contemplated by this Agreement.]
Appears in 2 contracts
Sources: Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.), Facility Agreement (Giant Interactive Group Inc.)