Mandatory Prepayments due to Dispositions of the Secure Products Business

Example Definitions of "Mandatory Prepayments due to Dispositions of the Secure Products Business"
Mandatory Prepayments due to Dispositions of the Secure Products Business. In the event that the Borrowers shall effect the Disposition of all or part of the Secure Products Business (in one or more transactions), then within two Business Days following receipt by MDC Partners or any other Restricted Party of the Net Available Proceeds from such Disposition, the Borrowers will prepay the Advances (which, in the case of the Revolving Credit Advances, shall be allocated ratably as between the Canadian Revolving Credit Advances and the U.S. Revolving Credit Advances) in... an aggregate principal or face amount up to the amount of such Net Available Proceeds View More
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