Example ContractsClausesdisqualifying dispositionsVariants
Remove:

Dispositions. In the event that any Borrower or any of its Subsidiaries receives Net Cash Proceeds in respect of any Disposition, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds and the Revolving Commitments shall be permanently reduced by the amount of such prepayment.

Dispositions. InConcurrently with the event that any Borrower or anyreceipt of its Subsidiaries receivesthe Net Cash Proceeds in respectfrom any Disposition (other than a Disposition pursuant to _clauses (a) through (d) of any Disposition, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds, theSection 8.7(e)_, Borrower shall prepay the Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds (or if appropriate, 100% of any such Net Cash Proceeds that remain after deducting any amount reinvested by Borrower and its Subsidiaries during the Revolving Commitments shall be permanently reduced by the amount of such prepayment.one hundred eighty (180)-day period described in [Section 8.7(e)]).

Dispositions. In

Concurrently with the event that any Borrower or anyreceipt of its Subsidiaries receivesthe Net Cash Proceeds in respect offrom any Disposition, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds, theDisposition pursuant to [Section 8.7(e)], Borrower shall prepay the Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds (or if appropriate, 100% of any such Net Cash Proceeds that remain after deducting any amount reinvested by Borrower and its Subsidiaries during the Revolving Commitments shall be permanently reduced by the amount of such prepayment.one hundred eighty (180)-day period described in [Section 8.7(e)]).

Dispositions. In

Asset Disposition. If the event that any Borrower or any of its Subsidiariesother Obligor receives any Net Cash Proceeds in respectexcess of in the aggregate for any Disposition, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receiptsingle disposition or series of such Net Cash Proceeds,dispositions, the Borrower shall prepay the Loans in an aggregate principal amount of Loans equal to 100% of such Net Cash Proceeds andof a Disposition no later than the Revolving Commitments shall be permanently reduced byfifth Business Day following the amountreceipt of such prepayment.Net Cash Proceeds (such prepayments to be applied as set forth in [Section 2.09(b)]).

Dispositions.

Casualty Events. In the event that any Borrower or any of its Subsidiaries receives Net Cash Proceeds in respect of any Disposition,Casualty Event, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds and the Revolving Commitments shall be permanently reduced by the amount of such prepayment.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.