Document ID: 1006328

Text:
(b) Mandatory. (i) If either Borrower or any Subsidiary shall at any time or from time to time make or agree to make an Asset Disposition or shall suffer an Event of Loss with respect to any Property which results in Net Cash Proceeds in excess of $1,000,000 individually or on a cumulative basis in any Fiscal Year, then (x) the Borrowers shall promptly notify the Administrative Agent of such proposed Asset Disposition or Event of Loss (including the amount of the estimated Net Cash Proceeds to be received by such Borrower or such Subsidiary in respect thereof) and (y) promptly upon receipt by such Borrower or such Subsidiary of the Net Cash Proceeds of such Asset Disposition or such Event of Loss, the Borrowers shall prepay the Obligations in an aggregate amount equal to 100% of the amount of all such Net Cash Proceeds in excess of $1,000,000 ; provided that in the case of each Asset Disposition and Event of Loss, if the Borrowers state in such notice of such event that the applicable Borrower or the applicable Subsidiary intends to invest or reinvest, as applicable, within twelve (12) months of the applicable Asset Disposition or receipt of Net Cash Proceeds from an Event of Loss, the Net Cash Proceeds thereof in similar likekind assets, then so long as no Default or Event of Default then exists, the Borrowers shall not be required to make a mandatory prepayment under this Section in respect of such Net Cash Proceeds to the extent such Net Cash Proceeds are actually invested or reinvested as described in the Borrowers notice within such twelve (12) month period. Promptly after the end of such twelve (12) month period, the Borrowers shall notify the Administrative Agent whether such Borrower or such Subsidiary has invested or reinvested such Net Cash Proceeds as described in the Borrowers notice, and to the extent such Net Cash Proceeds have not been so invested or reinvested, the Borrowers shall promptly prepay the Obligations in the amount of such Net Cash Proceeds in excess of $1,000,000 not so invested or reinvested. The amount of each such prepayment shall be applied first to the outstanding Priority Term Loans and Incremental Priority Term Loans, if any, until paid in full (such payments being applied to the remaining amortization payments on the Priority Term Loans and Incremental Priority Term Loans, if any, in the inverse order of maturity), then to the outstanding Second Out Term Loans and Incremental Second Out Term Loans, if any, until paid in full (such payments being applied to the remaining payments on the Second Out Term Loans and Incremental Second Out Term Loans, if any, in the inverse order of maturity), then to the Revolving Loans until paid in full, and then to the Swing Loans. If the Administrative Agent or the Required Lenders so request, all proceeds of such Asset Disposition or Event of Loss shall be deposited with the Administrative Agent and held by it in the Collateral Account. So long as no Default or Event of Default exists, the Administrative Agent is authorized to disburse amounts representing such proceeds from the Collateral Account to or at the Borrowers direction for application to or reimbursement for the costs of replacing, rebuilding or restoring such Property.

Named Entities:
52
57
Principal
153
154
Percentage
167
172
Principal
384
389
Principal

Tokenized Text:
(
b
)
Mandatory
.
(
i
)
If
either
Borrower
or
any
Subsidiary
shall
at
any
time
or
from
time
to
time
make
or
agree
to
make
an
Asset
Disposition
or
shall
suffer
an
Event
of
Loss
with
respect
to
any
Property
which
results
in
Net
Cash
Proceeds
in
excess
of
$
1
,
000
,
000
individually
or
on
a
cumulative
basis
in
any
Fiscal
Year
,
then
(
x
)
the
Borrowers
shall
promptly
notify
the
Administrative
Agent
of
such
proposed
Asset
Disposition
or
Event
of
Loss
(
including
the
amount
of
the
estimated
Net
Cash
Proceeds
to
be
received
by
such
Borrower
or
such
Subsidiary
in
respect
thereof
)
and
(
y
)
promptly
upon
receipt
by
such
Borrower
or
such
Subsidiary
of
the
Net
Cash
Proceeds
of
such
Asset
Disposition
or
such
Event
of
Loss
,
the
Borrowers
shall
prepay
the
Obligations
in
an
aggregate
amount
equal
to
100
%
of
the
amount
of
all
such
Net
Cash
Proceeds
in
excess
of
$
1
,
000
,
000
;
provided
that
in
the
case
of
each
Asset
Disposition
and
Event
of
Loss
,
if
the
Borrowers
state
in
such
notice
of
such
event
that
the
applicable
Borrower
or
the
applicable
Subsidiary
intends
to
invest
or
reinvest
,
as
applicable
,
within
twelve
(
12
)
months
of
the
applicable
Asset
Disposition
or
receipt
of
Net
Cash
Proceeds
from
an
Event
of
Loss
,
the
Net
Cash
Proceeds
thereof
in
similar
likekind
assets
,
then
so
long
as
no
Default
or
Event
of
Default
then
exists
,
the
Borrowers
shall
not
be
required
to
make
a
mandatory
prepayment
under
this
Section
in
respect
of
such
Net
Cash
Proceeds
to
the
extent
such
Net
Cash
Proceeds
are
actually
invested
or
reinvested
as
described
in
the
Borrowers
notice
within
such
twelve
(
12
)
month
period
.
Promptly
after
the
end
of
such
twelve
(
12
)
month
period
,
the
Borrowers
shall
notify
the
Administrative
Agent
whether
such
Borrower
or
such
Subsidiary
has
invested
or
reinvested
such
Net
Cash
Proceeds
as
described
in
the
Borrowers
notice
,
and
to
the
extent
such
Net
Cash
Proceeds
have
not
been
so
invested
or
reinvested
,
the
Borrowers
shall
promptly
prepay
the
Obligations
in
the
amount
of
such
Net
Cash
Proceeds
in
excess
of
$
1
,
000
,
000
not
so
invested
or
reinvested
.
The
amount
of
each
such
prepayment
shall
be
applied
first
to
the
outstanding
Priority
Term
Loans
and
Incremental
Priority
Term
Loans
,
if
any
,
until
paid
in
full
(
such
payments
being
applied
to
the
remaining
amortization
payments
on
the
Priority
Term
Loans
and
Incremental
Priority
Term
Loans
,
if
any
,
in
the
inverse
order
of
maturity
)
,
then
to
the
outstanding
Second
Out
Term
Loans
and
Incremental
Second
Out
Term
Loans
,
if
any
,
until
paid
in
full
(
such
payments
being
applied
to
the
remaining
payments
on
the
Second
Out
Term
Loans
and
Incremental
Second
Out
Term
Loans
,
if
any
,
in
the
inverse
order
of
maturity
)
,
then
to
the
Revolving
Loans
until
paid
in
full
,
and
then
to
the
Swing
Loans
.
If
the
Administrative
Agent
or
the
Required
Lenders
so
request
,
all
proceeds
of
such
Asset
Disposition
or
Event
of
Loss
shall
be
deposited
with
the
Administrative
Agent
and
held
by
it
in
the
Collateral
Account
.
So
long
as
no
Default
or
Event
of
Default
exists
,
the
Administrative
Agent
is
authorized
to
disburse
amounts
representing
such
proceeds
from
the
Collateral
Account
to
or
at
the
Borrowers
direction
for
application
to
or
reimbursement
for
the
costs
of
replacing
,
rebuilding
or
restoring
such
Property
.