Common use of Application of Mandatory Prepayments of Term Loans by Order of Maturity Clause in Contracts

Application of Mandatory Prepayments of Term Loans by Order of Maturity. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce each scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepayment first in forward order of maturity for scheduled installments of principal occurring within the twenty four-month period following the month in which such prepayment occurs and second, to the extent of any excess, on a pro rata basis.

Application of Mandatory Prepayments of Term Loans by Order of Maturity. Any mandatory prepayments of the any Type of Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce each the scheduled installment installments of principal of the such Type of Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepayment first in forward inverse order of maturity for scheduled installments of principal occurring within the twenty four-month period following the month in which such prepayment occurs and second, to the extent of any excess, on a pro rata basismaturity.

Application of Mandatory Prepayments of Term Loans by Order of Maturity. Any mandatory prepayments of the any Term Loans pursuant to subsection 2.4B(iii) shall be applied pro rata to reduce each the scheduled installment installments of principal of the such Term Loans set forth in subsection 2.4A that is unpaid at the time of until all such prepayment first Term Loans have been paid in forward order of maturity for scheduled installments of principal occurring within the twenty four-month period following the month in which such prepayment occurs and second, to the extent of any excess, on a pro rata basis.full. 61

Application of Mandatory Prepayments of Term Loans by Order of Maturity. Any mandatory prepayments of the any Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce each the scheduled installment installments of principal of the such Term Loans set forth in subsection 2.4A that is unpaid at the time of such prepayment first in forward inverse order of maturity for scheduled installments of principal occurring within the twenty four-month period following the month in which such prepayment occurs and second, to the extent of any excess, on a pro rata basismaturity.

Application of Mandatory Prepayments of Term Loans by Order of Maturity. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) Section 3.1.3 shall be applied to reduce the scheduled installments of principal of the Term Loans set forth in Section 3.1.2 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 Section 3.1.2 that is unpaid at the time of such prepayment first in forward order of maturity for scheduled installments of principal occurring within the twenty four-month period following the month in which such prepayment occurs and second, to the extent of any excess, on a pro rata basisprepayment.