Common use of Prepayments and Reductions Due to Issuance of Indebtedness Clause in Contracts

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Borrower, Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1, Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Borrower, Holdings or any of its Subsidiaries after the Closing Date, other than Indebtedness permitted pursuant to subsection 7.1SECTION 8.3 and SECTION 8.17, Borrower Borrowers shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Borrower, Holdings Company or any of its other Subsidiaries after the Closing Date, Date (other than Indebtedness permitted pursuant to subsection 7.1), Borrower Company shall prepay the Loans and/or the Revolving Loan Commitments Commitment Amount shall be permanently reduced in an aggregate amount equal to such Net Securities Proceeds.