Common use of Application of Certain Prepayment Clause in Contracts

Application of Certain Prepayment. Any prepayments required to be made by Borrowers in connection with Asset Dispositions pursuant to Section 5.2 shall be applied as follows: (a) first, to all principal amounts owing to Agent on Swingline Loans and Protective Advances; (b) second, to all principal amounts owing to Tranche A Revolver Lenders on Tranche A Revolver Loans; and (c) third, to all principal amounts owing to Tranche B Revolver Lenders on Tranche B Revolver Loans. Amounts shall be applied to each category of Obligations set forth above until Full Payment thereof and then to the next category. If amounts are insufficient to satisfy a category, they shall be applied on a pro rata basis among the Obligations in the category.

Application of Certain Prepayment. Any prepayments required to be made by Borrowers Borrower in connection with Asset Dispositions pursuant to Section 5.2 shall be applied as follows: (a) first, to all principal amounts owing to Agent on Swingline Loans and Protective Advances; (b) second, to all principal amounts owing to Tranche A Revolver Lenders on Tranche A Revolver Loans; and (c) third, to all principal amounts owing to Tranche B Revolver Lenders on Tranche B Revolver Loans. Amounts shall be applied to each category of Obligations set forth above until Full Payment thereof and then to the next category. If amounts are insufficient to satisfy a category, they shall be applied on a pro rata basis among the Obligations in the category.

Application of Certain Prepayment. Any prepayments required to be made by Borrowers BorrowerBorrowers in connection with Asset Dispositions pursuant to Section 5.2 shall be applied as follows: (a) first, to all principal amounts owing to Agent on Swingline Loans and Protective Advances; (b) second, to all principal amounts owing to Tranche A Revolver Lenders on Tranche A Revolver Loans; and (c) third, to all principal amounts owing to Tranche B Revolver Lenders on Tranche B Revolver Loans. Amounts shall be applied to each category of Obligations set forth above until Full Payment thereof and then to the next category. If amounts are insufficient to satisfy a category, they shall be applied on a pro rata basis among the Obligations in the category.