Common use of Application Among Interest Rate Options Clause in Contracts

Application Among Interest Rate Options. All prepayments required pursuant to this Section 4.5 shall first be applied to the principal amount of the Loans subject to the Base Rate Option and accrued and unpaid interest thereon, then to Loans subject to a Euro-Rate Option and accrued and unpaid interest thereon. In accordance with Section 4.6.2 [Indemnity], the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Interest Rate Options. All prepayments required pursuant to this Section 4.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option and accrued and unpaid interest thereonOption, then to Dollar Loans subject to a Euro-Rate Option and accrued and unpaid interest thereonthen to Optional Currency Loans subject to the Euro-Rate Option. In accordance with Section 4.6.2 [Indemnity]4.6.2, the Borrower Borrowers shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Interest Rate Options. All prepayments required pursuant to this Section 4.5 5.4 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option and accrued and unpaid interest thereonOption, then to Loans subject to a Euro-Rate Option and accrued and unpaid interest thereonthen to Optional Currency Loans. In accordance with Section 4.6.2 5.7 [Indemnity], the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Interest Rate Options. All prepayments required pursuant to this Section 4.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option and accrued and unpaid interest thereonOption, then to Loans subject to a Euro-Rate Option and accrued and unpaid interest thereonthen to Optional Currency Loans. In accordance with Section 4.6.2 4.8 [Indemnity], the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.