Common use of Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof Clause in Contracts

Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof. Except as provided in subsection 2.4D, any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce the scheduled installments of principal of the Term Loans set forth in subsection 2.4A on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepayment.

Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof. Except as provided in subsection 2.4D, any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied first, to reduce in direct chronological order any unpaid installments of principal of the Term Loans scheduled to be made within the first twelve months from the date of such prepayment and, second, to reduce the remaining scheduled installments of principal of the Term Loans set forth in subsection 2.4A on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepayment).

Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof. Except as provided in subsection 2.4D, any Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay Term Loans and to reduce the scheduled installments of principal of the on Term Loans set forth in subsection 2.4A 2.4A(i) on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepaymentbasis.

Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof. Except as provided in subsection 2.4D, any Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce the scheduled installments of principal of prepay the Term Loans set forth in subsection 2.4A pro rata between the Term Loans according to the outstanding principal amounts thereof and, as to each Term Loan, to reduce the remaining scheduled installments thereof on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepaymentbasis.