Application of mandatory prepayments and cancellations. (a) A prepayment of Utilisations or cancellation of Available Commitments made under Clause 8.2 (Disposal, Insurance and Acquisition Proceeds and Excess Cashflow) shall be applied in the following order:
Application of mandatory prepayments and cancellations. Note Repurchases and Asset dispositions
Application of mandatory prepayments and cancellations. (a) A prepayment of the Loan made under Clause 8.2 (Disposal, Insurance and Recovery Proceeds), Clause 8.3 (Permitted Restructuring Proceeds), Clause 8.4 (Cure Amount), Clause 8.5 (Secondary Permitted Subsidiary Capital Raising Proceeds) shall be applied in prepayment of the Loan as contemplated in paragraphs (b) to (d) inclusive below.
Application of mandatory prepayments and cancellations. (a) Prior to the expiry of the Certain Funds Period, a prepayment of Utilisations or cancellation of Available Commitments made under 9.3(b) (Bond and Equity, Acquisition and Insurance Proceeds) shall be applied in the following order:
Application of mandatory prepayments and cancellations. (a) A prepayment under Clause 8.4 (Mandatory Prepayment – Distributions), Clause 8.5 (Mandatory Prepayment – Disposal Proceeds), Clause 8.6 (Mandatory Prepayment – Permitted XXX.XXXX Sale and Permitted Euronav Sale) and Clause 8.7 (Mandatory Prepayment – Acquisition Proceeds) shall be applied to prepay the SPA Acquisition Bridge Facility Loan and Margin Loan Bridge Facility Loan pro rata and, when all SPA Acquisition Bridge Facility Loans and Margin Loan Bridge Facility Loans have been prepaid in full, to prepay the Bid Acquisition Bridge Facility Loan.
Application of mandatory prepayments and cancellations and Clause 9.5 (Mandatory Prepayment Accounts):
Application of mandatory prepayments and cancellations. (i) the amount of Asset Sale Proceeds;
Application of mandatory prepayments and cancellations. 8.5.1 A prepayment of Loans or cancellation of Available Commitments made under Clause 8.3 (Disposal and Insurance Proceeds) shall be applied in prepayment of Term Loans as contemplated in Clauses 8.5.2 to 8.5.5 inclusive.
Application of mandatory prepayments and cancellations. (a) Unless the Company makes an election under paragraph (b) below, the Borrowers shall prepay Loans, in the case of any prepayment relating to the amounts of Disposal Proceeds or Insurance Proceeds, promptly upon receipt of those proceeds.
Application of mandatory prepayments and cancellations. (b) No prepayment in accordance with paragraph (a) above is required:
