Common use of Application of Mandatory Prepayments by Class of Loans Clause in Contracts

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;

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Hologic Inc)

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Application of Mandatory Prepayments by Class of Loans. Any Subject to Section 2.15(c), 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 eight Installments within such respective Class in direct order of maturity 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;

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Gen Probe Inc)

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Application of Mandatory Prepayments by Class of Loans. Any amount required to be paid pursuant to Sections 2.14(a2.13(a) through 2.14(e2.13(e) or Section 6.11 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 thereof) and shall be further applied in direct order of Loans, first by application maturity to the next four each scheduled Installments within such respective Class and then pro rata among the remaining scheduled Installments Installment of principal of such Class the Term Loans (including, for the avoidance of Loansdoubt, the Installment due on the Term Loan Maturity Date for the applicable Class); second, to prepay the Swing Line Loans to the full extent thereof without reduction and to permanently reduce the Revolving Commitments by the amount of Revolving Commitmentssuch prepayment; third, to prepay the Revolving Loans to the full extent thereof without reduction and to further permanently reduce the Revolving Commitments by the amount of Revolving Commitmentssuch prepayment;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vca Antech Inc)

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