Common use of Application of Mandatory Prepayments and Mandatory Offers Clause in Contracts

Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(c), Section 2.09(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. Section 2.10

Appears in 1 contract

Samples: Bridge Loan Agreement

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Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(c), Section 2.09(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. Section 2.10.

Appears in 1 contract

Samples: Bridge Loan Agreement (Cleco Power LLC)

Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(c2.09(b), Section 2.09(d2.09(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. Section 2.10.

Appears in 1 contract

Samples: Term Loan Agreement (Cleco Power LLC)

Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(c2.09(b), Section 2.09(d2.09(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. Section 2.102019 Term Loan Agreement

Appears in 1 contract

Samples: Term Loan Agreement (Cleco Power LLC)

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Application of Mandatory Prepayments and Mandatory Offers. Prepayments required to be made pursuant to Section 2.09(c2.09(b), Section 2.09(d2.09(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. Cleco Corporate Holdings LLC Term Loan Credit Agreement 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. Section 2.10.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Cleco Corporate Holdings LLC)

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