Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section exceeds (i) $5,000,000 for any single Prepayment Event or series of related Prepayment Events and (ii) $10,000,000 in the aggregate for all such Prepayment Events in any fiscal year, at which time the amount in excess of $5,000,000 or $10,000,000, as the case may be, will be offered to be prepaid as provided in Section 5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (i) and (ii) of this clause (g) are met. (ii) No prepayment shall be required pursuant to Section 5.2(a)(ii) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year pursuant to such Section exceeds $2,500,000, at which time the amount in excess of $2,500,000, will be offered to be prepaid as provided in Section 5.2(a)(ii).
Appears in 5 contracts
Sources: Credit Agreement (Snap One Holdings Corp.), Incremental Agreement (Snap One Holdings Corp.), Incremental Agreement to Credit Agreement (Snap One Holdings Corp.)
Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section exceeds (i) $5,000,000 12,000,000 for any single Prepayment Event or series of related Prepayment Events and (ii) $10,000,000 24,000,000 in the aggregate for all such Prepayment Events in any fiscal year, at which time the amount in excess of $5,000,000 12,000,000 or $10,000,00024,000,000 , as the case may be, will be offered to be prepaid as provided in Section 5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (i) and (ii) of this clause (g) are met.
(ii) No prepayment shall be required pursuant to Section 5.2(a)(ii) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year pursuant to such Section exceeds $2,500,00012,000,000, at which time the amount in excess of $2,500,00012,000,000, will be offered to be prepaid as provided in Section 5.2(a)(ii).
Appears in 4 contracts
Sources: Incremental Agreement (Grocery Outlet Holding Corp.), Incremental Agreement (Grocery Outlet Holding Corp.), Second Lien Credit Agreement (Grocery Outlet Holding Corp.)
Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section exceeds (i) $5,000,000 15,000,000 for any single Prepayment Event or series of related Prepayment Events and (ii) $10,000,000 30,000,000 in the aggregate for all such Prepayment Events in any fiscal year, at which time the amount in excess of $5,000,000 15,000,000 or $10,000,00030,000,000, as the case may be, will be offered to be prepaid as provided in Section 5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (i) and (ii) of this clause (g) are met.
(ii) No prepayment shall be required pursuant to Section 5.2(a)(ii5.2(a)(i) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year pursuant to such Section exceeds $2,500,00015,000,000, at which time the amount in excess of $2,500,00015,000,000, will be offered to be prepaid as provided in Section 5.2(a)(ii5.2(a)(i); provided that any amount of the Excess Cash Flow that is not required to be prepaid may be carried forward to the next fiscal year to reduce any amounts of Excess Cash Flow for such fiscal year.
Appears in 3 contracts
Sources: Credit Agreement (Baldwin Insurance Group, Inc.), Credit Agreement (Baldwin Insurance Group, Inc.), Credit Agreement (Baldwin Insurance Group, Inc.)
Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section exceeds (i) $5,000,000 20,000,000 for any single Prepayment Event or series of related Prepayment Events and (ii) $10,000,000 40,000,000 in the aggregate for all such Prepayment Events in any fiscal year, at which time the amount in excess of $5,000,000 20,000,000 or $10,000,00040,000,000, as the case may be, will be offered to be prepaid as provided in Section 5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (i) and (ii) of this clause (g) are met.
(ii) No prepayment shall be required pursuant to Section 5.2(a)(ii) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year pursuant to such Section exceeds $2,500,00010,000,000, at which time the amount in excess of $2,500,00010,000,000, will be offered to be prepaid as provided in Section 5.2(a)(ii).
Appears in 3 contracts
Sources: Credit Agreement (MultiPlan Corp), Credit Agreement (MultiPlan Corp), Incremental Agreement (MultiPlan Corp)
Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section exceeds (i) $5,000,000 20,000,000 for any single Prepayment Event or series of related Prepayment Events and (ii) $10,000,000 40,000,000 in the aggregate for all such Prepayment Events in any fiscal year, at which time the amount in excess of $5,000,000 20,000,000 or $10,000,00040,000,000, as the case may be, will be offered to be prepaid as provided in Section 5.2(a)(i5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (i) and (ii) of this clause (g) are met.
(ii) No prepayment shall be required pursuant to Section 5.2(a)(ii5.2(a)(ii) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year pursuant to such Section exceeds $2,500,00010,000,000, at which time the amount in excess of $2,500,00010,000,000, will be offered to be prepaid as provided in Section 5.2(a)(ii5.2(a)(ii).
Appears in 1 contract
Sources: Incremental Revolving Credit Commitment Increase Agreement (MultiPlan Corp)
Minimum Amount. (i) No prepayment shall be required pursuant to Section 5.2(a)(i) (except to the extent such prepayment arises due to a Debt Incurrence Prepayment Event) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events (other than a Debt Incurrence Prepayment Event) required to be offered at or prior to such time pursuant to such Section and not yet offered at or prior to such time to prepay Term Loans pursuant to such Section Section, after giving effect to the reinvestment rights set forth herein, exceeds (ii)(x) $5,000,000 5,000,00010,000,000 for any single such Prepayment Event or series of related such Prepayment Events and (iiii)(y) $10,000,000 10,000,00020,000,000 in the aggregate for all such Prepayment Events in any fiscal yearyear not otherwise excluded pursuant to the foregoing clause (x), at which time the amount of such Net Cash Proceeds received in excess of $5,000,000 or $10,000,000, as the case may be, 10,000,00020,000,000 in such fiscal year be will be offered to be prepaid applied as provided in Section 5.2(a)(i), with the date of receipt of such Net Cash Proceeds being deemed for such purpose to be the date such thresholds set forth in clauses (iix) and (iiiiy) of this clause (gg)(i) are met.
(ii) No prepayment shall be required pursuant to Section 5.2(a)(ii) unless and until the amount of Excess Cash Flow required to be offered to prepay Term Loans for a fiscal year quarter pursuant to such Section exceeds $2,500,000, at which time the amount in excess of $2,500,000, will be offered to be prepaid as provided in Section 5.2(a)(ii).
Appears in 1 contract