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

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.

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)(iv2.05(c)(v) 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.