ALLOCATION OF MANDATORY PREPAYMENTS Sample Clauses

ALLOCATION OF MANDATORY PREPAYMENTS. Each mandatory prepayment required under this SECTION 4.3 shall be applied to reduce the principal amounts of the Term Loan outstanding on the date of such prepayment and shall be allocated among the Lenders in proportion, as nearly as practicable, to the respective aggregate outstanding amounts of each Lender's Term Note with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of such prepayment and all principal amounts prepaid shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity.
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ALLOCATION OF MANDATORY PREPAYMENTS. Application of Cash Proceeds from Prepayment and Realization; Application of Set Off............................................................................................99 (a)
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ALLOCATION OF MANDATORY PREPAYMENTS. 99 (b) Allocation of Cash Proceeds of Realization or Set-Off....................................100 Section 9.7. Payments Set Aside.......................................................................101 Section 9.8. Modifications, Amendments, Waivers and Consents of Pari Passu Financing Documents.....................................................................................101 (a) Writing..................................................................................101 (b) Voting Requirements for Amendments to Pari Passu Financing Documents.....................102 (c) No Waiver................................................................................104 Section 9.9 Effect on Initial Purchaser Guaranties...................................................105 ARTICLE 10. Miscellaneous......................................................................................105 Section 10.1. Expenses................................................................................105 Section 10.2. Indemnity...............................................................................105 Section 10.3. Cumulative Remedies; Failure or Delay...................................................107 Section 10.4. Notices, Etc............................................................................107 Section 10.5. Taxes...................................................................................107 Section 10.6. Currency Equivalents; Judgment Currency.................................................108 Section 10.7. Confidentiality.........................................................................108 Section 10.8. Governing Law...........................................................................109 Section 10.9. Choice of Forum.........................................................................109 Section 10.10. Setoff..................................................................................110 Section 10.11 Nature of Vesper Cayman SPV's Obligations; Removal of Paying Agent......................110 Section 10.12. Headings................................................................................111 Section 10.13. Severability............................................................................111 Section 10.14. Survival of Agreements, Representations and Warranties..................................111 Common Terms Agreement vi 8 Section 10.15. Execution in Counterparts...............................................
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ALLOCATION OF MANDATORY PREPAYMENTS. APPLICATION OF CASH PROCEEDS FROM PREPAYMENT AND REALIZATION, APPLICATION OF SET OFF.
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ALLOCATION OF MANDATORY PREPAYMENTS. (i) Subject to Section 9.6(a)(iii), all proceeds of any Mandatory Prepayment (other than interest and "break funding" compensation payable in respect thereof) shall be paid to the Paying Agent (which amount shall be held in trust by the Paying Agent for the Pari Passu Facility Agents), or to the Pari Passu Facility Agents and thereafter shall be applied ratably in accordance with the respective principal amounts of Pari Passu Debt becoming due and payable on account of such Mandatory Prepayment under the respective Pari Passu Financing Agreements, for application in accordance with Common Terms Agreement 99 110 Sections 2.9 and 2.7 of the Note Purchase Agreements or the equivalent provisions of the Other Pari Passu Financing Agreements.
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ALLOCATION OF MANDATORY PREPAYMENTS. The amounts required to be prepaid by subsections (a)-(e) of this Section 2.9 shall first be applied to the Term Loans in the inverse order of maturity, to the remaining Amortization Payments as set forth in subsection of Section 2.11. Subject to subsection 2.12(b), all prepayments of Term Loans shall be made together with all accrued interest thereon and any amounts required by Section 4.4, and all such payments shall be applied to the payment of interest and such Section 4.4 amounts before application to principal. To the extent that the amount to be applied to the prepayment of Term Loans exceeds the aggregate amount of Term Loans then outstanding, the Revolving Loans and the BA Rate Loans shall be prepaid (on a pro rata basis) by the Dollar Equivalent amount of such excess without a concomitant reduction in the Revolving Commitment.
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ALLOCATION OF MANDATORY PREPAYMENTS. Each mandatory prepayment required under this SECTION 4.3 shall be (i) FIRST, applied to reduce the principal amounts of the Term Loan outstanding on the date of such prepayment and SECOND, after payment in full of the Term Loan to reduce the principal amounts of the Acquisition Loans, and (ii) allocated among the Lenders in proportion, as nearly as practicable, to the respective aggregate outstanding amounts of each Lender's Term Note or, as applicable, Acquisition Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan or, as applicable, Acquisition Loan, shall include all interest accrued to the date of such prepayment and all principal amounts prepaid shall be applied against the scheduled installments of principal due on the Term Loan or, as applicable, Acquisition Loan, in the inverse order of maturity.
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Related to ALLOCATION OF MANDATORY PREPAYMENTS

  • Application of Mandatory Prepayments All amounts required to be paid pursuant to this Section 2.05(b) shall be applied as follows:

  • Application of Mandatory Prepayments by Type of Loans Except as provided in subsection 2.4D, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount pursuant to subsections 2.4B(iii)(a)-(f) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Share.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • Waivable Mandatory Prepayment Anything contained herein to the contrary notwithstanding, so long as any Tranche A Term Loans are outstanding, in the event Borrower is required to make any mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Tranche B Term Loans, not less than five Business Days prior to the date (the “Required Prepayment Date”) on which Borrower is required to make such Waivable Mandatory Prepayment, Borrower shall notify Administrative Agent of the amount of such prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an outstanding Tranche B Term Loan of the amount of such Lender’s Pro Rata Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount. Each such Lender may exercise such option by giving written notice to Borrower and Administrative Agent of its election to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Borrower and Administrative Agent of its election to exercise such option on or before the third Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). On the Required Prepayment Date, Borrower shall pay to Administrative Agent the amount of the Waivable Mandatory Prepayment, which amount shall be applied (i) in an amount equal to that portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise such option, to prepay the Tranche B Term Loans of such Lenders (which prepayment shall be applied to the scheduled Installments of principal of the Tranche B Term Loans in accordance with Section 2.15(b)), and (ii) in an amount equal to that portion of the Waivable Mandatory Prepayment otherwise payable to those Lenders that have elected to exercise such option, to prepay the Tranche A Term Loans (which prepayment shall be further applied to the scheduled installments of principal of the Tranche A Term Loans in accordance with Section 2.15(b)), with any excess after such prepayment of the Tranche A Term Loans being further applied in accordance with clauses second through sixth of Section 2.15(b).

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Voluntary and Mandatory Prepayments Scheduled installments of principal of the Series [ ] New Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Series [ ] New Term Loans in accordance with Sections 5.1 and 5.2 of the Credit Agreement respectively.

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Mandatory Prepayment The Borrower shall be obliged to prepay the Relevant Amount of the Loan:

  • Mandatory Prepayments and Commitment Reductions 28 2.11 Conversion and Continuation Options............................... 29 2.12 Minimum Amounts and Maximum Number of Eurodollar Tranches......... 30 2.13 Interest Rates and Payment Dates.................................. 30 2.14 Computation of Interest and Fees.................................. 30 2.15 Inability to Determine Interest Rate.............................. 31 2.16 Pro Rata Treatment and Payments................................... 31 2.17

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