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 by Borrower or any of its Subsidiaries of the Net Debt Proceeds from the issuance of any Indebtedness of Borrower or any of its Subsidiaries, other than pursuant to subsection 7.1(i), (ii), (iii), (iv), (vi) or (vii), Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 100% of such Net Debt Proceeds.

Prepayments and Reductions Due to Issuance of Indebtedness. On the date of receipt by Borrower or any of its Subsidiaries of the Net Debt Proceeds from the issuance of any Indebtedness of Borrower or any of its Subsidiaries, other than pursuant to subsection 7.1(i), (ii), (iii), (iv), (vi) or (viivi), Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to 100% of such Net Debt Proceeds.