Prepayments and Reductions Due to Issuance of Indebtedness. No later than (i) the tenth Business Day following the date of receipt by Company or any of its Subsidiaries of the Net Indebtedness Proceeds from the issuance or incurrence of any Indebtedness of Company or any of its Subsidiaries after the Effective Date, other than Indebtedness permitted pursuant to subsection 7.1, and (ii) the tenth Business Day following the date of receipt by any HUD Subsidiary of the Net Indebtedness Proceeds from the issuance or incurrence of any HUD Financing, Company shall prepay the Term Loans in an aggregate amount equal to such Net Indebtedness Proceeds.
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Sources: Amendment and Restatement Agreement (Skilled Healthcare Group, Inc.), Amendment and Restatement Agreement (Skilled Healthcare Group, Inc.)
Prepayments and Reductions Due to Issuance of Indebtedness. No later than (i) the tenth Business Day following the date of receipt by Company or any of its Subsidiaries of the Net Indebtedness Proceeds from the issuance or incurrence of any Indebtedness of Company or any of its Subsidiaries after the Effective Date, other than Indebtedness permitted pursuant to subsection 7.1, and (ii) the tenth Business Day following the date of receipt by Company, any Subsidiary or any HUD Subsidiary of the Net Indebtedness Proceeds from the issuance or incurrence of any HUD Financing, Company shall prepay the Term Loans in an aggregate amount equal to such Net Indebtedness Proceeds.
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