Common use of Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans Clause in Contracts

Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans. Tranche B Term Loans and Tranche D Term Loans and the Scheduled Installments of Principal Thereof. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D Term Loans set forth in subsections 2.4A(i), 2.4A(ii) and 2.4A(iii) in forward order of maturity. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans and the Tranche D Term Loans, Company may elect to offer the Tranche B Term Loan Lenders and/or the Tranche D Term Loan Lenders the option to waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans or the Tranche D Term Loans, as applicable. If any Tranche B Term Loan Lender or Lenders or any Tranche D Term Loan Lender or Lenders, as applicable, elect to waive the right to receive the amount of such mandatory prepayment, 50% of the amount that otherwise would have been applied to mandatorily prepay the Tranche B Term Loans or the Tranche D Term Loans, as applicable, of such Lender or Lenders shall be applied instead to the further prepayment of the Tranche A Term Loans (and any such prepayment shall reduce scheduled installments of principal of the Tranche A Term Loans set forth in subsection 2.4A(i) in forward order of maturity), to the extent any are then outstanding and the remaining amount shall be retained by Company.

Appears in 2 contracts

Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Decrane Aircraft Holdings Inc)

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Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans. Tranche TRANCHE B Term Loans and Tranche TERM LOANS AND TRANCHE D Term Loans and the Scheduled Installments of Principal ThereofTERM LOANS AND THE SCHEDULED INSTALLMENTS OF PRINCIPAL THEREOF. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D Term Loans set forth in subsections 2.4A(i), 2.4A(ii) and 2.4A(iii) in forward order of maturity. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans and the Tranche D Term Loans, Company may elect to offer the Tranche B Term Loan Lenders and/or the Tranche D Term Loan Lenders the option to waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans or the Tranche D Term Loans, as applicable. If any Tranche B Term Loan Lender or Lenders or any Tranche D Term Loan Lender or Lenders, as applicable, elect to waive the right to receive the amount of such mandatory prepayment, 50% of the amount that otherwise would have been applied to mandatorily prepay the Tranche B Term Loans or the Tranche D Term Loans, as applicable, of such Lender or Lenders shall be applied instead to the further prepayment of the Tranche A Term Loans (and any such prepayment shall reduce scheduled installments of principal of the Tranche A Term Loans set forth in subsection 2.4A(i) in forward order of maturity), to the extent any are then outstanding and the remaining amount shall be retained by Company.

Appears in 1 contract

Samples: Credit Agreement (Decrane Holdings Co)

Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans. Tranche TRANCHE B Term Loans and Tranche TERM LOANS, TRANCHE C TERM LOANS AND TRANCHE D Term Loans and the Scheduled Installments of Principal ThereofTERM LOANS AND THE SCHEDULED INSTALLMENTS OF PRINCIPAL THEREOF. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, the Tranche C Term Loans and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, the Tranche C Term Loans and the Tranche D Term Loans set forth in subsections 2.4A(i), 2.4A(ii), 2.4A(iii) and 2.4A(iii2.4A(iv) in forward order of maturity. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans, the Tranche C Term Loans and the Tranche D Term Loans, Company may elect to offer the Tranche B Term Loan Lenders, the Tranche C Term Loan Lenders and/or the Tranche D Term Loan Lenders the option to waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans, the Tranche C Term Loans or the Tranche D Term Loans, as applicable. If any Tranche B Term Loan Lender or Lenders, any Tranche C Term Loan Lender or Lenders or any Tranche D Term Loan Lender or Lenders, as applicable, elect to waive the right to receive the amount of such mandatory prepayment, 50% of the amount that otherwise would have been applied to mandatorily prepay the Tranche B Term Loans, the Tranche C Term Loans or the Tranche D Term Loans, as applicable, of such Lender or Lenders shall be applied instead to the further prepayment of the Tranche A Term Loans (and any such prepayment shall reduce scheduled installments of principal of the Tranche A Term Loans set forth in subsection 2.4A(i) in forward order of maturity), to the extent any are then outstanding and the remaining amount shall be retained by Company.

Appears in 1 contract

Samples: Credit Agreement (Decrane Holdings Co)

Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans. Tranche B Term Loans and Loans, Tranche D C Term Loans and the Scheduled Installments of Principal Thereof. Any Except as provided in subsection 2.4D, any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D C Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to reduce the each scheduled installments installment of principal of the Tranche A Term Loans, the Tranche B Term Loans and or the Tranche D C Term Loans set forth in subsections 2.4A(i)Loans, 2.4A(ii) and 2.4A(iii) in forward order as the case may be, that is unpaid at the time of maturitysuch prepayment. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans and or the Tranche D C Term Loans, Company may elect to offer Lenders of the Tranche B Term Loan Lenders and/or Loans and the Tranche D C Term Loan Lenders the option to Loans may waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans or the Tranche D C Term Loans, as applicablethe case may be. If any Tranche B Term Loan Lender or Lenders or any Tranche D Term Loan Lender or Lenders, as applicable, elect to waive the right to receive the amount of such mandatory prepayment, 50% of the amount that otherwise would have been applied to mandatorily prepay the Tranche B Term Loans or the Tranche D C Term Loans, as applicablethe case may be, of such Lender or Lenders shall be applied instead to the further prepayment of the Tranche A Term Loans (and any such prepayment shall reduce scheduled installments of principal of the Tranche A Term Loans set forth in subsection 2.4A(i) in forward order of maturity), to the extent any are then outstanding and the remaining amount shall be retained by Companyoutstanding.

Appears in 1 contract

Samples: Security Agreement (Urs Corp /New/)

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Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans. Tranche B Term Loans and Tranche D Incremental Term Loans and the Scheduled Installments of Principal Thereof. Any Except as provided in subsection 2.4D, any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D any Incremental Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be applied on a pro rata basis to reduce the each scheduled installments installment of principal of the Tranche A Term Loans, the Tranche B Term Loans and the Tranche D Incremental Term Loans Loans, as the case may be, set forth in subsections subsection 2.4A(i), 2.4A(ii) and 2.4A(iii) or in forward order any applicable Incremental Assumption Agreement that is unpaid at the time of maturitysuch prepayment. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans and the Tranche D A Term Loans, Company may elect to offer Lenders of the Tranche B A Term Loan Lenders and/or the Tranche D Term Loan Lenders the option to Loans may waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans or the Tranche D A Term Loans, as applicable. If any Tranche B Term Loan Lender or Lenders or any Tranche D Term Loan Lender or Lenders, as applicable, elect to waive the right to receive the amount of such mandatory prepayment, 50% all of the amount that otherwise would have been applied to mandatorily prepay the Tranche B A Term Loans or the Tranche D Term Loans, as applicable, of such Lender or Lenders shall be applied instead reoffered once, on a pro rata basis, to the further prepayment each Lender of the Tranche A Term Loans (that has not previously waived its right to receive such mandatory prepayment. Any amount of such mandatory prepayment remaining after being so reofferred and waived by any such prepayment shall reduce scheduled installments of principal of the Tranche A Term Loans set forth in subsection 2.4A(i) in forward order of maturity), to the extent any are then outstanding and the remaining amount shall Lender may be retained by Companythe applicable Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

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