Common use of Redemption with Proceeds of Equity Issuances Clause in Contracts

Redemption with Proceeds of Equity Issuances. If the Issuer or any of its Subsidiaries receives any Net Cash Equity Issuance Proceeds, then on the next succeeding Interest Payment Date (or, if the Net Cash Equity Issuance Proceeds are received on an Interest Payment Date, such Interest Payment Date) and after giving effect to the interest payment, the Issuer shall pay to the Purchaser an amount equal to one hundred percent (100%) of such Net Cash Equity Issuance Proceeds and the Purchaser shall apply such amount to (A) if such prepayment is prior to the Make-Whole Expiration Date, the Make-Whole Amount applicable to the portion of the principal amount of the Notes being prepaid pursuant to this §3.3.2(b) and (B) the prepayment of the outstanding principal of the Notes.