Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(b), Section 2.09(c) and Section 2.09(f) shall be applied to the outstanding Loans on a pro rata basis in accordance with the amount of Loans held by each Lender. Amounts to be applied pursuant to this Section 2.09(h) to the prepayment of Loans shall be applied, first, to reduce outstanding Base Rate Loans and, then, to reduce outstanding Eurodollar Loans, unless otherwise directed by the Borrower.
Appears in 3 contracts
Samples: Term Loan Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC), Term Loan Credit Agreement (Cleco Corporate Holdings LLC)
Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(b2.09(c), Section 2.09(c2.09(d) and Section 2.09(f) shall be applied to the outstanding Loans on a pro rata basis in accordance with the amount of Loans held by each Lender. Amounts to be applied pursuant to this Section 2.09(h) to the prepayment of Loans shall be applied, first, to reduce outstanding Base Rate Loans and, then, to reduce outstanding Eurodollar Loans, unless otherwise directed by the Borrower.
Appears in 2 contracts
Samples: Bridge Loan Agreement, Bridge Loan Agreement (Cleco Power LLC)
