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

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g) shall be applied FIRST to prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, THIRD, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTH, to the extent of any remaining portion of such Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iii)(a)-(d) shall be applied FIRST to prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, THIRDTHIRD to the extent of any remaining portion of the Applied Amount, to prepay the Offshore Currency Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTH to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTHFIFTH, to the extent of any remaining portion of such the Applied Amount, to cash collateralize any outstanding Letters of Credit, and SIXTH, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.thereof.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNTApplied Amount") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iii)(a)-(e) shall be applied FIRST first to prepay the AXELs and the Additional Term Loans on a pro rata basis (based upon the then outstanding principal amount of AXELs and Additional Term Loans) to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, THIRDthird, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTHand fourth, to the extent of any remaining portion of such the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f))thereof. If an Event of Default has occurred and is continuing, any Any amount required to be applied as a mandatory prepayment of Revolving Loans and/or Swing Line Loans pursuant to subsection 2.4B(iii)(h) shall be applied as set forth first to prepay outstanding Swing Line Loans and second to prepay outstanding Revolving Loans, in subsection 2.4D.each case in an amount necessary to cause a Clean-Down Period to commence.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or and a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4A(iii)(a)- (e) shall be applied applied, (x) in the case of Company, FIRST to prepay the Term Swing Line Loans to the full extent thereofthereof and to permanently reduce the Domestic Revolving Loan Commitments by the amount of such prepayment, and SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Domestic Revolving Loans to the full extent thereof and to further permanently reduce the Domestic Revolving Loan Commitments by the amount of such prepayment, and THIRD, to the extent of any remaining portion of the Applied Amount, to further permanently reduce on a pro rata basis the UK Revolving Loan Commitments, the French Revolving Loan Commitments and the Japanese Revolving Loan Commitments to the full extent thereof, and (y) in the case of any Borrower other than Company, FIRST to prepay the Revolving Loans of that Borrower to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments of that Borrower by the amount of such prepayment, FOURTHprepayment and SECOND, to the extent of any remaining portion of such the Applied Amount, to further permanently reduce on a pro rata basis the Revolving Loan Commitments of each of the other Borrowers to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.thereof.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuingExcept as provided in subsection 2.4D, any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments Commitment Amount pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iv)(a)-(d) shall be applied FIRST first to prepay the Initial Term Loans (and to the extent required by the terms thereof, any Incremental Term Loans, Other Term Loans and Extended Term Loans)) to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amountsuch amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments Commitment Amount by the amount of such prepayment, THIRDthird, to the extent of any remaining portion of the Applied Amountsuch amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments Commitment Amount by the amount of such prepayment, FOURTHand fourth, to the extent of any remaining portion of such Applied Amountamount, to further permanently reduce the Revolving Loan Commitments Commitment Amount to the full extent thereof (except as thereof, provided that to the extent any such reduction of the Revolving Loan Commitment Amount would result in the Total Utilization of Revolving Loan Commitments exceeding the Revolving Loan Commitment Amount, Company promptly shall Cash collateralize outstanding Letters of Credit by depositing the requisite amount in the Collateral Account. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment 2.4B shall be applied as set forth in subsection 2.4D.proportion to each Revolving Lender’s Pro Rata Share.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments and/or the Acquisition Term Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iii)(a)-(d) shall be applied FIRST first, to prepay the ----- Acquisition Term Loans to the full extent thereof, SECONDsecond, to the extent ------ of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and but without any reduction to permanently reduce the Revolving Loan Commitments by the amount of such prepaymentCommitments, THIRDthird, to the extent of any remaining portion ----- of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and but without any reduction to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepaymentCommitments, FOURTHand fourth, to the extent of any remaining portion of such the Applied Amount, to further permanently reduce the Revolving Acquisition Term Loan Commitments to the full extent thereof (except as thereof; provided in subsection 2.4B(iii)(f)). If an Event that notwithstanding the foregoing, to the extent -------- of Default has occurred and is continuingany remaining portion of the Applied Amount after the reduction of all Acquisition Term Loan Commitments, any amount required to be applied as a mandatory prepayment the Revolving Loan Commitments shall be applied as set forth in subsection 2.4D.permanently reduced by the amount of such remaining portion of the Applied Amount.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4A(iii)(a)-(d) and (f)-(h) shall be applied FIRST first to prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, THIRDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTHand third, to the extent of any remaining portion of such the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f))thereof. If an Event of Default has occurred and is continuing, any amount Any Applied Amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsection 2.4A(iii)(e) shall be applied as set forth first to prepay the Revolving Loans in subsection 2.4D.the amount of $1,500,000, second to prepay the Term Loans to the full extent thereof, third, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Application of Mandatory Prepayments by Type of Loans. Unless an Event (1) Any amounts in respect of Default has occurred and is continuing, any amount (the "APPLIED AMOUNT") unutilized or unreinvested Net Cash Proceeds or Net Insurance Proceeds required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of to permanently reduce the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iii)(a) or (c) shall be applied FIRST first to prepay the Term Loans to the full extent thereof, SECONDsecond, to the extent of any remaining Net Cash Proceeds or Net Insurance Proceeds to prepay the Revolving Loans to the full extent thereof and permanently reduce the Revolving Loan Commitments by the amount of such prepayment and third, to the extent of any remaining Net Cash Proceeds or Net Insurance Proceeds, to further permanently reduce the Revolving Loan Commitments to the full extent thereof. (2) Any amount required to be applied as a mandatory prepayment of the Loans, and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(b) or (d) shall be applied first, to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of the Applied Amount, such amount to prepay the Swing Line Revolving Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, THIRD, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, FOURTHthird, to the extent of any remaining portion of such Applied Amountamount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.thereof.

Application of Mandatory Prepayments by Type of Loans. Unless an Event of Default has occurred and is continuing, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Tender Period Revolving Facility Sublimit and/or the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)- 2.4B(iii)(g2.4B(iii)(a)-(d) shall be applied FIRST (1) during the period from the Closing Date to but excluding the Merger Date, first to prepay the Term Loans outstanding Tender Loans, if any, to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to permanently reduce the Tender Period Revolving Facility Sublimit by the amount thereof, and if the Total Utilization of Tender Period Revolving Facility would exceed the Tender Period Revolving Facility Sublimit as so reduced, to repay outstanding Tender Period Revolving Loans and thereafter to cash collateralize the Letters of Credit to the full extent of such excess; and (2) during the period on and after the Merger date, first to prepay the Swing Line outstanding Term Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount in inverse order of such prepaymentmaturity, THIRDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount thereof, and if the Total Utilization of such prepayment, FOURTH, to the extent of any remaining portion of such Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.Loan