Mandatory Principal Prepayments. If at any time the Borrower shall, or it shall permit any Subsidiary to, consummate any Asset Sale in contravention of Section 6.13, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to the Net Cash Proceeds resulting from such Asset Sale.
Appears in 2 contracts
Sources: Credit Agreement (FBL Financial Group Inc), Credit Agreement (Argonaut Group Inc)