Common use of Net Asset Sale Proceeds Clause in Contracts

Net Asset Sale Proceeds. Upon receipt by the Company or any of its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7, the Company shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.

Net Asset Sale Proceeds. Upon receipt by the Company or any of its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7Proceeds, the Company shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.

Net Asset Sale Proceeds. Upon receipt by the Company or any of ----------------------- its Subsidiaries of Net Asset Sale Proceeds or net proceeds of asset sales permitted by Section 6.11.7Proceeds, the Company Borrowers shall within one Banking Day pay to the Agent as a prepayment of the Loan to be applied as provided in Section 4.5.2 4.6.2 the lesser of (a) the amount of such Net Asset Sale Proceeds or (b) the amount of the Loan.