APPLICATION OF MANDATORY PREPAYMENTS OF TERM PRINCIPAL DEBT Clause Samples

APPLICATION OF MANDATORY PREPAYMENTS OF TERM PRINCIPAL DEBT. All mandatory prepayments of the term Principal Debt under any Term Facility shall be applied ratably to each Term Lender's Committed Sum under such Term Facility and shall be applied to the regularly-scheduled Term Principal Debt reductions for such Term Facility as set forth in SECTION 3.2(d), (e), or (f) (as the case may be) in inverse order of maturities.