Application of Certain Prepayments. Any prepayments required to be made by Borrower in connection with Asset Dispositions pursuant to Section 5.2 shall be applied as follows:
Application of Certain Prepayments. Any prepayments made by ---------------------------------- Borrower pursuant to clauses (a)(i), (b)(ii), (b)(iii) and (b)(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; third, to prepay the principal installments of ----- the Term Loan in inverse order of maturity, until the Term Loan shall have been repaid in full; fourth, to interest then due and payable on the Swing Line Loan; ------ fifth, to the principal balance of the Swing Line Loan until the same has been ----- repaid in full; sixth, to interest then due and payable on the Revolving Credit ----- Advances; seventh, to the outstanding principal balance of Revolving Credit ------- Advances until the same has been paid in full; and eighth, to any Letter of ------ Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash ------- collateralized in the manner set forth in Annex B. Neither the Revolving Loan Commitment nor the Swing ------- Line Commitment shall be permanently reduced by the amount of any such prepayments, except to the extent that the failure to reduce such Commitments would result in a contractual requirement that any portion of that prepayment amount be applied to repurchase or prepay Subordinated Debt.
Application of Certain Prepayments. All amounts required to prepay Borrowers Obligations pursuant to Section 4.4(ii), (iii) or (iv) above shall be applied to the U.S. Term Loan first to accrued interest and then to remaining payments in the inverse order of maturity and then to U.S. Revolving Loans and Canadian Revolving Loans on a pro rata basis (first to Base Rate Revolving Loans, then to Eurodollar Revolving Loans in direct order of maturities, then to the BA Revolving Obligations in accordance with Section 2.5(f) and then to Swing Line Loans). Prepayments on the Revolving Loans, the Bankers' Acceptances and the Swing Line Loans in accordance with this subsection shall immediately and permanently reduce the applicable Revolving Loan Commitment in an amount equal to such prepayment. All prepayments shall be subject to Section 4.14. Payments on Loans denominated in U.S. Dollars shall be made in U.S. dollars and payments on Loans denominated in Canadian dollars shall be made in Canadian dollars.
Application of Certain Prepayments. Subject to Section 1.11, any prepayments made by any Borrower pursuant to Section 1.3(a), 1.3(b)(i), (b)(ii) or (b)(iii) 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, until the same has been paid in full; second, to all amounts owing by any Credit Party under the Pre-Petition Credit Agreement or any of the loan documents or instruments entered into in connection therewith (other than for purposes of providing cash collateral with respect to the Existing Letters of Credit); third, to interest then due and payable on Swing Line Loans, until the same has been paid in full; fourth, to the principal balance of the Swing Line Loan outstanding, until the same has been repaid in full; fifth, to interest then due and payable on Revolving Credit Advances, until the same has been paid in full; and sixth, to the principal balance of Revolving Credit Advances outstanding, until the same has been repaid in full. None of the Revolving Loan Commitment or the Swing Line Commitment shall be permanently reduced by the amount of any such payments.
Application of Certain Prepayments. All amounts required to prepay Loans pursuant to Section 4.4(b)(ii) or (iii) above shall be applied to the Revolving Loans (first to Base Rate Loans, second to LMIR Loans and then to Eurodollar Loans in direct order of maturities). All prepayments shall be subject to Section 4.14.
Application of Certain Prepayments. (i) Subject to subsection 1.10(c) and subsection 1.8(e)(iii), any prepayments pursuant to Section 1.7 or subsection 1.8(d) shall be applied first to prepay all remaining installments of the Term Loan in inverse order of maturity, second to prepay outstanding Swing Loans, and third to prepay outstanding Revolving Loans owing by the Borrowers without a permanent reduction of the Aggregate Revolving Loan Commitment (other than in the case of subsection 1.8(d), which shall result in a permanent reduction of the Aggregate Revolving Loan Commitment by a corresponding amount).
Application of Certain Prepayments. Any prepayment of the Notes pursuant to any provision hereof (other than paragraph 5E hereof) shall be applied to reduce the minimum cumulative principal prepayments required by paragraph 5A in the order of maturity of such prepayments under paragraph 5A, provided that, for the avoidance of doubt, the foregoing portion of this sentence shall not apply to any prepayment that is made pursuant to paragraph 5A or that is part of the Reduction Amount to the extent applied to reduce such minimum cumulative principal prepayments. Any prepayment of the Notes pursuant to paragraph 5E shall be applied ratably to reduce the minimum cumulative principal prepayments required by paragraph 5B (including, without limitation, the payment due on the maturity date of the Notes).
Application of Certain Prepayments. All amounts required to be paid pursuant to Section 3.3(b)(ii) above shall be applied to the Term Loans in the inverse order of principal payments due under Section 2.2(c). All amounts required to be paid pursuant to Section 3.3(b)(iii) above shall be applied as follows: (i) first, 50% of such prepayment to the remaining principal payments due under Section 2.2(c) in the inverse order of maturity and (ii) second, 50% of such prepayment to the remaining principal payments due under Section 2.2(c) in the direct order of maturity. Within the parameters of applications set forth above, prepayments shall be applied first to Base Rate Loans and then Eurodollar Loans in direct order of their Interest Period maturities.
Application of Certain Prepayments. Payments which the Borrower is required to make pursuant to clauses (ii) through (iv), inclusive, of this Section 3.4(b) shall be first applied as and for a mandatory prepayment of the Term Credit Notes until payment in full thereof, then to the prepayment of Revolving Credit Loans until payment in full thereof, then to be held by the Administrative Agent as collateral security for the L/C Obligations up to the full amount thereof and with any balance remaining released back to the Borrower.
Application of Certain Prepayments. All amounts required to prepay Loans pursuant to Section 4.4(b)(ii) or (iii) above shall be applied (i) for an Asset Disposition or Casualty Loss in connection with U.S. Collateral, to the U.S. Revolving Loans (first to Base Rate Loans and then to Eurodollar Loans in direct order of maturities) and (ii) for an Asset Disposition or Casualty Loss in connection with the Canadian Collateral, (A) in the case of proceeds received in Canadian Dollars, to the Canadian Revolving Loans and Banker's Acceptances (first to Canadian Prime Rate Loans and then to Bankers' Acceptances in direct order of maturities) and (B) in the case of proceeds received in U.S. Dollars, to the Canadian Revolving Loans (first to CA U.S. Base Rate Loans and then to Eurodollar Loans, in direct order of maturities). All prepayments shall be subject to Section 4.14. Payments on Loans denominated in U.S. Dollars shall be made in U.S. Dollars and payments on Loans denominated in Canadian Dollars shall be made in Canadian Dollars.
