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:
(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 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. (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).
(ii) Subject to subsection 1.10(c) and subsection 1.8(e)(iii), any prepayments pursuant to subsection 1.8(c) (other than prepayments of Swing Loans and Revolving Loans pending reinvestment pursuant to a binding commitment as set forth in the last sentence of subsection 1.8(c)) shall be applied first to prepay remaining installments of the Term Loans in the inverse order of maturity in an amount equal to 85% of the Net Orderly Liquidation Value of the Equipment, if any, sold pursuant to such Disposition and 60% of the fair market value of the real Property, if any, sold pursuant to such Disposition (which such prepayment shall result in a recalculation of the scheduled Term Loan payments under Section 1.8(a) based on the principal amount of outstanding Term Loans), second to prepay outstanding Revolving Loans in an amount equal to the aggregate amount of Eligible Accounts and Eligible Inventory attributed to such Disposition, if any, in the Borrowing Base Certificate most recently delivered to the Agent prior to such sale (without a permanent reduction of the Aggregate Revolving Loan Commitment) and third:
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. 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. 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 5A (including, without limitation, the payment due on the maturity date of the Notes).
Application of Certain Prepayments. Reductions of Commitments . . . . . . . . . . . . . . . . . . . . . . .
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 any disposition set forth in Section 4.4(b)(ii)(B) above, to the U.S. Revolving Loans (first to Base Rate Loans and then to Eurodollar Loans in direct order of maturities), (ii) for an Asset Disposition or Casualty Loss set forth in Section 4.4(b)(ii)(A) or Section 4.4(b)(iii) above, 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 (iii) for an Asset Disposition or Casualty Loss set forth in Section 4.4(b)(ii)(A) or Section 4.4(b)(iii) above 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.
Application of Certain Prepayments. Any prepayment of the Notes pursuant to any provision hereof, other than paragraph 4A(i) or paragraph 4E, shall be applied to the payment of principal of the Notes in the inverse order of maturity, as set forth in paragraph 4A(i), beginning with the payment due on the maturity date of the Notes. Any prepayment of the Notes pursuant to paragraph 4E shall be applied ratably to reduce each prepayment or payment of principal of the Notes due pursuant to paragraph 4A(i).
