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.
Appears in 5 contracts
Samples: Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp)
