Application of Mandatory Prepayments by Class of Loans Sample Clauses

Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.14(a) through 2.14(e) shall be applied as follows: first, to prepay the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof), with such prepayments to be applied to reduce the scheduled Installments of principal within each Class of Loans, first by application to the next four scheduled Installments within such respective Class and then pro rata among the remaining scheduled Installments of principal of such Class of Loans; second, to prepay the Swing Line Loans to the full extent thereof without reduction of Revolving Commitments; third, to prepay the Revolving Loans to the full extent thereof without reduction of Revolving Commitments;
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Application of Mandatory Prepayments by Class of Loans. Subject to Section 2.20 hereof, any amount required to be paid pursuant to Sections 2.05(c)(i) through 2.05(c)(iv) shall be applied as follows: first, to prepay the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof), with such prepayments to be applied to reduce the Installments within each Class of Loans, first by application to the next eight Installments within such respective Class in direct order of maturity and then pro rata among the remaining Installments of such Class of Loans; second, to prepay the Swing Line Loans to the full extent thereof without reduction of USD Revolving Credit Commitments; third, to prepay each Class of Revolving Credit Loans on a pro rata basis to the full extent thereof without reduction of any Class of Revolving Credit Commitments; fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit on a pro rata basis; and fifth, to Cash Collateralize Letters of Credit.
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Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.15(a) through 2.15(e) shall be applied as follows: FIRST, to prepay Term Loans and Delayed Draw Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); SECOND, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Commitments by the amount of such prepayment; THIRD, to pay outstanding reimbursement obligations with respect to drawn Letters of Credit; FOURTH, to prepay Revolving Loans to the full extent thereof and to permanently reduce the Revolving Commitments by the amount of such prepayment; FIFTH, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization; and SIXTH, to further permanently reduce the Revolving Commitments and any Delayed Draw Commitments on a pro rata basis (in accordance with the aggregate amounts thereof). Notwithstanding the foregoing, any prepayments of Delayed Draw Loans made pursuant to Section 2.15(g) shall be applied to reduce Delayed Draw Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof).
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Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.12(a) through 2.12(e) and 2.12(g) shall be applied as follows: first, to prepay outstanding Term Loans of each Class on a pro rata basis, such prepayments to be further applied on a pro rata basis to reduce the remaining scheduled Initial Term Loan Installments; second, to prepay the Swingline Loans to the full extent thereof and to permanently reduce the Revolving Commitments by the amount of such prepayment; third, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Commitments by the amount of such prepayment;
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Application of Mandatory Prepayments by Class of Loans. Any amount required to be applied as a mandatory prepayment of the Loans pursuant to subsection 2.4B(iii) (the "APPLIED AMOUNT") shall be applied, first, to the outstanding Tranche A Term Loan Prepayment Amount, if any, to the full extent thereof, second, to the extent of any remaining portion of the Applied Amount, to prepay the Tranche A Term Loans and the Tranche B Term Loans pro rata between Tranche A Term Loans and Tranche B Term Loans based upon the aggregate amounts then outstanding to the full extent thereof, third, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and, fourth, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof.
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Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.14(a) through 2.14(e) shall be applied as follows: first, to prepay the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof), with such prepayments to be applied to reduce the Installments within each Class of Loans, first by application to the next four Installments within such respective Class and then pro rata among the remaining Installments of such Class of Loans; second, to prepay the Swing Line Loans to the full extent thereof without reduction of Revolving Commitments; third, to prepay the Revolving Loans to the full extent thereof without reduction of Revolving Commitments; fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit; and fifth, to cash collateralize Letters of Credit.
Sample 1
Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.15(a) through 2.15(e)shall be applied as follows: first, to prepay Term Loans and Incremental Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); second, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Commitments by the amount of such prepayment;
Sample 1
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Application of Mandatory Prepayments by Class of Loans. Any amount ------------------------------------------------------ required to be paid pursuant to Sections 2.14(a) through 2.14(d) shall be applied to the Revolving Credit Commitments, the Delayed Draw Term Loan Commitments and the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof or the aggregate amount of Commitments then in effect, as applicable) and shall be further applied as follows: With respect to any amount to be applied to the Revolving Credit Commitments: first, to permanently reduce the unused portion, if any, of the Revolving Credit Commitments; second, to prepay the Swing Line Loans to the full extent thereof and to further reduce the Revolving Credit Commitments by the amount of such prepayment; third, to prepay the Revolving Loans to the full extent thereof and to further reduce Revolving Credit Commitments by the amount of such prepayment; fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit and to further reduce the Revolving Credit Commitments by the amount of such prepayment; and fifth, to cash collateralize Letters of Credit as provided in Section 2.4 and to further reduce the Revolving Credit Commitments by the amount of such cash collateralization. In addition, the amount applied to the Revolving Credit Commitments shall be further applied to reduce the remaining Reductions on a pro rata basis. With respect to any amount to be applied to the Delayed Draw Term Loans: first, to permanently reduce the unused portion, if any, of the Delayed Draw Term Loan Commitments to the full extent thereof; and second, to the remaining Installments of the Delayed Draw Term Loans on a pro rata basis. With respect to any amount to be applied to the Term Loans, to the outstanding Installments of the Term Loans on a pro rata basis to each such Installment. Waivable Mandatory Prepayment. Anything contained herein to the ----------------------------- contrary notwithstanding, so long as any Delayed Draw Term Loans are outstanding, in the event Company is required to make any mandatory prepayment (a "Waivable Mandatory Prepayment") of the Term Loans, not less than five Business Days prior to the date (the "Required Prepayment Date") on which Company is required to make such Waivable Mandatory Prepayment, Company shall notify Administrative Agent of the amount of such prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an outstandin...
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Related to Application of Mandatory Prepayments by Class of Loans

  • Application of Mandatory Prepayments by Type of Loans Except as provided in subsection 2.4D, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount pursuant to subsections 2.4B(iii)(a)-(f) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Share.

  • Application of Mandatory Prepayments All amounts required to be paid pursuant to this Section 2.05(b) shall be applied as follows:

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Application of Voluntary Prepayments by Type of Loans Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided that, in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

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