Example ContractsClausesgerman parallel debtVariants
Remove:

Debt Issuances. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in clause (iv) below in an amount equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness by the Borrower or any of its Subsidiaries not otherwise permitted pursuant to [Section 9.3]. Such prepayment shall be made within three (3) Business Days after the date of receipt of the Net Cash Proceeds of any such incurrence of Indebtedness.

Debt Issuances. The Borrower shall make mandatory principal prepayments of the Term Loans in the manner set forth in clause (iv) below in an amount equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtedness by the Borrower or any of its Subsidiaries not otherwise permitted pursuant to [Section 9.3]. Such prepayment shall be made within three (3)Issuance. Not later than five (5) Business Days afterfollowing the date of receipt of theany Net Cash Proceeds of any Debt Issuance by any Company (other than Indebtedness permitted by this Agreement (other than Indebtedness pursuant to ‎[Section 2.21] to refinance all or a portion of the Term Loans or New Term Loans)), the Borrower shall make prepayments in accordance with Sections ‎2.10(f) and ‎(g) in an aggregate principal amount equal to 100% of such incurrence of Indebtedness.Net Cash Proceeds.

Debt Issuances. The Borrower shall make mandatory principal prepayments of

Upon the Term Loans in the manner set forth in [clause (iv)] below in an amount equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtednessor issuance by the BorrowerCompany or any of its Subsidiaries not otherwiseof any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to [Section 9.3]. Such prepayment7.03] (other than Permitted Unsecured Refinancing Debt, Permitted Pari Passu Refinancing Debt or Permitted Junior Priority Refinancing Debt)), the Company shall be made within three (3) Business Days after the dateprepay an aggregate principal amount of receiptTerm Loans equal to 100% of theall Net Cash Proceeds of anyreceived therefrom immediately upon receipt thereof by the Company or such incurrence of Indebtedness.Subsidiary (such prepayments to be applied as set forth in clause (iv) below).

Debt Issuances. The Borrower shall make mandatory principal prepayments ofIndebtedness. Upon the Term Loans in the manner set forth in clause (iv) below in an amount equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from any incurrence of Indebtednessor issuance by the Borrower or any other Obligor of its Subsidiaries not otherwise permitted pursuantany Indebtedness for borrowed money (excluding any Permitted Advisor Loan) by such Borrower or such other Obligor, as applicable, the Borrower shall prepay an aggregate principal amount of Loans equal to [Section 9.3]. Such prepayment shall be made within three (3) Business Days after the date100% of receipt of theall Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of any such incurrence of Indebtedness.Net Cash Proceeds (such prepayments to be applied as set forth in [Section 2.09(b)]).

Debt Issuances. The Borrower shall make mandatory principal prepaymentsIndebtedness. If any of the or any Restricted Subsidiary incurs or issues any Funded Debt # which is not expressly permitted to be incurred or issued pursuant to [Section 7.03] or # that constitutes Credit Agreement Refinancing Indebtedness, the shall prepay an aggregate principal amount of Term Loans in the manner set forth in clause (iv) below in an amount equal to one hundred percent (100%)100% of the aggregateall Net Cash Proceeds from any incurrence of Indebtedness byreceived therefrom on or prior to the Borrower or any of its Subsidiaries not otherwise permitted pursuant to [Section 9.3]. Such prepayment shall be made within three (3)date which is five Business Days after the date of receipt of thesuch Net Cash Proceeds (in the case of any suchclause (A)) and substantially concurrently with the incurrence of Indebtedness.such Credit Agreement Refinancing Indebtedness (in the case of clause (B)).

Debt Issuances. TheIf the Borrower or any Restricted Subsidiary incurs or issues any Indebtedness after the Closing Date (other than Indebtedness not prohibited under ‎[Section 7.03]), the Borrower shall make mandatorycause to be offered to be prepaid in accordance with clause ‎(b)‎(vi) below an aggregate principal prepaymentsamount of the Term Loans in the manner set forth in clause (iv) below in an amount equal to one hundred percent (100%)100% of all Net Proceeds received therefrom on or prior to the aggregate Net Cash Proceeds from any incurrence of Indebtednessdate which is five (5) Business Days after the receipt by the Borrower or such Restricted Subsidiary of such Net Proceeds; provided that if at the time that any such prepayment would be required, the Borrower is required to offer to repurchase any Other Applicable Indebtedness with the Net Proceeds of its Subsidiaries not otherwise permitted pursuant to [Section 9.3]. Such prepayment shall be made within three (3) Business Days aftersuch Indebtedness, then the date of receiptBorrower may apply such Net Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness at such time); provided, further, that # the portion of such Net Cash Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of any such incurrence of Indebtedness.Net Proceeds required to be allocated to the Other

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.