This excerpt taken from the NDAQ 10-Q filed Nov 9, 2007.
Mandatory Prepayments
and Commitment Reductions:
In addition to the amortization set forth above, (a) net cash proceeds from (i) sales of property and assets of the Borrower and its
subsidiaries (but excluding (x) sales of inventory in the ordinary course of business and (y) other exceptions to be agreed in the loan documentation) and (ii) casualty and condemnation proceeds, in each case with other exceptions and
thresholds to be mutually agreed and including a 100% reinvestment right if reinvested or committed to reinvest within 365 days of such sale or disposition, and if committed to be reinvested, so long as such reinvestment is actually completed within
180 days thereafter; (b) net cash proceeds from the issuance or incurrence after the closing date of the OMX Acquisition (or, if any amount is funded under the PHLX Facility prior to the closing of the OMX Acquisition, five years after the
closing date of the PHLX Acquisition) of additional debt of the Borrower or any of its subsidiaries other than debt permitted under the loan documentation and (c) 50% of Excess Cash Flow (to be defined in the loan documentation) of the Borrower
and its subsidiaries (with step-downs to be agreed upon) shall be applied to the prepayment of (and permanent reduction of the commitments under) the Credit Facilities in the following manner: first, ratably to the principal repayment installments
of each of the Term Loan Facilities in direct order of maturity and, second, to the Revolving Credit Facility.
