Common use of Application of Certain Mandatory Prepayments Clause in Contracts

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Section 1.3(b)(i),(ii), (iii) or (iv) shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Loan; and third, to prepay the scheduled principal installments of the Term Loan in inverse order of maturity, until the same has been prepaid in full.

Appears in 1 contract

Samples: Credit Agreement (FCA Acquisition Corp.)

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Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Section 1.3(b)(i),(iiSections 1.2(b)(ii), (iii) b)(iii), or (ivb)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Revolving Loan; and third, to prepay the scheduled outstanding principal installments balance of the Term Loan in inverse order of maturity, Revolving Credit Advances until the same has been prepaid paid in full.

Appears in 1 contract

Samples: Credit Agreement (Guardian International Inc)

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b) above, and any prepayments from insurance or condemnation proceeds in accordance with Section 1.3(b)(i),(ii), (iii5.4(b) or (ivc) and any Mortgages, respectively, shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Loan; and third, to prepay the scheduled principal installments of the Term Loan in inverse order of maturity, until the same has such Loan shall have been prepaid in full.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Black Warrior Wireline Corp)

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Section 1.3(b)(i),(ii), (iii1.3(b) or (iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Loan; and third, to prepay the scheduled principal installments amount of the Term Loan in inverse order of maturityLoan, until the same has Term Loan shall have been prepaid in full.

Appears in 1 contract

Samples: Credit Agreement (Standard Motor Products Inc)

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Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Section 1.3(b)(i),(ii), 1.3(b)(ii) or (iii) or (iv) above shall be applied as followsin accordance with the Order, and, to the extent applied to the Obligations, applied: first, to Fees and reimbursable expenses of Agent and Lenders then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term LoanRevolving Credit Advances; and third, to prepay the scheduled principal installments balance of the Term Loan in inverse order of maturity, Revolving Credit Advances outstanding until the same has been prepaid paid in full.

Appears in 1 contract

Samples: Secured Debtor in Possession Credit Agreement

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Section 1.3(b)(i),(iiSections 1.2(b)(ii), (iii) or (iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent Lender then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Loan; and third, to prepay the scheduled principal installments of the Term Loan in inverse order of maturity, until the same has such Term Loan shall have been prepaid in full.

Appears in 1 contract

Samples: Loan Agreement

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