Concurrently with the receipt of the Net Cash Proceeds from any Disposition 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 one hundred eighty (180)-day period described in [Section 8.7(e)]).
Concurrently with the receipt of the Net Cash Proceeds from any Disposition (other than a Disposition pursuant to [Section[clauses (a) through (d) of 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 one hundred eighty (180)-day period described in [Section 8.7(e)]).
Concurrently with the receipt of the Net Cash Proceeds from any Disposition 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 one hundred eighty (180)-day period described in [Section 8.7(e)]).
ConcurrentlyDispositions. 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 thesuch Net Cash Proceeds from any Disposition pursuant to [Section 8.7(e)],Proceeds, the Borrower shall prepay the Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds (or if appropriate, 100%and the Revolving Commitments shall be permanently reduced by the amount of any such Net Cash Proceeds that remain after deducting any amount reinvested by Borrower and its Subsidiaries during the one hundred eighty (180)-day period described in [Section 8.7(e)]).prepayment.
Concurrently withAsset Disposition. If the receipt of theBorrower or any other Obligor receives any Net Cash Proceeds fromin excess of $2,000,000 in the aggregate for any Disposition pursuant to [Section 8.7(e)],single disposition or series of dispositions, the Borrower shall prepay the Loans in an aggregate principal amount of Loans equal to 100% of such Net Cash Proceeds (or if appropriate, 100% of anya Disposition no later than the fifth Business Day following the receipt of such Net Cash Proceeds that remain after deducting any amount reinvested by Borrower and its Subsidiaries during the one hundred eighty (180)-day period described(such prepayments to be applied as set forth in [Section 8.7(e)2.09(b)]).
Concurrently withOther than during the Priority Prepayment Period, in the event and on each occasion that any Other Prepayment Event occurs, which results in the realization or receipt of the Net Cash Proceeds from any Disposition pursuantProceeds, the Borrower shall prepay, or cause to be prepaid, subject to [Section 8.7(e)2.03(b)(iii)], Borrower shall prepayon or prior to the Loans indate which is ten (10) Business Days after the date of realization or receipt of such Net Cash Proceeds, an aggregate principal amount of Term Loans equal to 100% of suchall 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 one hundred eighty (180)-day period described in [Section 8.7(e)]).realized or received.
Concurrently withDispositions. If the receiptBorrower or any of theits Restricted Subsidiaries receives Net Cash Proceeds from any Disposition pursuant to [Section 8.7(e)7.05(f) or 7.05(m)],)] or any Recovery Event which results in the realization by such Person of Net Cash Proceeds in excess of $50,000,000 per transaction or series of related transactions and $100,000,000 in the aggregate for all such Dispositions or Recovery Events in any fiscal year, the Borrower shall prepay the Loans in an aggregate principal amount of Term Loans equal to the lesser of # 100% of such Net Cash Proceeds (or if appropriate, 100%and # the aggregate outstanding amount of all Term Loans immediately upon receipt thereof by such Person (such prepayments to be applied as set forth in clause (iii) below); provided, however, that, # with respect to any Net Cash Proceeds realized under a Disposition or Recovery Event described in this [Section 2.05(b)(i)], at the election of the Borrower, and so long as no Event of Default shall have occurred and be continuing, the Borrower or such Restricted Subsidiary may reinvest all or any portion of such Net Cash Proceeds in useful assets in the business so long as within twelve (12) months after the receipt of such Net Cash Proceeds, such reinvestment shall have been consummated or a written commitment therefor shall have been signed (in either case, as reported in a notice provided by the Borrower in writing to the Administrative Agent); provided further, however, in the case of written commitment to invest such Net Cash Proceeds within twelve (12) months after the receipt of such Net Cash Proceeds, such reinvestment shall be consummated within eighteen (18) months after the receipt of such Net Cash Proceeds; provided further, however, that remainany Net Cash Proceeds not subject to such written commitment or not so reinvested shall be promptly applied to the prepayment of the Loans as set forth in this [Section 2.05(b)(i) and (2)])] if at the time that any such prepayment under this [Section 2.05(b)(i)] would be required, the Borrower or any of its Restricted Subsidiaries is required to offer to repurchase or prepay any Indebtedness that is secured by a Lien ranking pari passu with the Liens securing the Term Loans pursuant to the terms of the documentation governing such Indebtedness with the Net Cash Proceeds of such Disposition or Recovery Event (such Indebtedness required to be offered to be so repurchased or prepaid, “Other Applicable Indebtedness”), then the Borrower may apply such Net Cash 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) to the prepayment of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the amount of prepayment of the Term Loans that would have otherwise been required pursuant to this [Section 2.05(b)(i)] shall be reduced accordingly (provided that # the portion of such Net Cash Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such Net Cash Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Cash Proceeds shall be allocated to the Term Loans in accordance with the terms hereof and # to the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within five (5) Business Days after deducting any amount reinvested by Borrower and its Subsidiaries during the one hundred eighty (180)-day period describeddate of such rejection) be applied to prepay the Term Loans in [Section 8.7(e)])accordance with the terms hereof).
Concurrently withEquity Issuance. Upon the receipt by the Borrower or any other Obligor of theany Net Cash Proceeds fromof the issuance of any DispositionEquity Interests (other than pursuant to [Section 8.7(e)]any distribution or dividend reinvestment plan), the Borrower shall prepay the Loans in an aggregate principal amount of Loans equal to 100%75% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt 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 one hundred eighty (180)-day period described(such prepayments to be applied as set forth in [Section 8.7(e)2.09(b)]).
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