Common use of Net Indebtedness Proceeds Clause in Contracts

Net Indebtedness Proceeds. Subject to the terms of the Intercreditor Agreement, no later than the fourth Business Day after the date of receipt by the Borrowers or any of their Subsidiaries of Net Indebtedness Proceeds from any Indebtedness incurred by the Borrowers or any of their Subsidiaries after the Amendment Effective Date, Borrowers shall apply an aggregate amount equal to 100% of such Net Indebtedness Proceeds to prepay the Loans and pay accrued and unpaid interest thereon.

Net Indebtedness Proceeds. Subject to the terms of the Intercreditor Agreement, no later than the fourth fifth Business Day after the date of receipt by the Borrowers REIT, Borrower or any of their Subsidiaries of Net Indebtedness Proceeds from any Indebtedness incurred by the Borrowers or any of their Subsidiaries after the Amendment Effective Closing Date, Borrowers Borrower shall apply prepay the Loans in an aggregate amount equal to 100% of such Net Indebtedness Proceeds to prepay the Loans and pay accrued and unpaid interest thereonProceeds.