Common use of Application of Other Payments Clause in Contracts

Application of Other Payments. Prepayments of the Revolving Facility made pursuant to the foregoing Section 2.04(b)(v), first, shall be applied to the L/C Borrowings, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan Party) to reimburse the Lender. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.04(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.04(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Application of Other Payments. Prepayments of the Revolving Facility made pursuant to the foregoing this Section 2.04(b)(v2.05(b), first, shall be applied to the L/C Borrowings, second, shall be applied to the outstanding Revolving Loans, and, thirdsecond, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan PartyParty that has provided Cash Collateral) to reimburse the Lender. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.04(b2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.04(b2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Application of Other Payments. Prepayments of the Revolving Facility made pursuant to the foregoing this Section 2.04(b)(v2.05(b), first, shall be applied ratably to the L/C Borrowings, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan PartyParty that has provided Cash Collateral) to reimburse the Lender. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.04(b) 2.05 shall be applied first (1st) to Base Rate Loans and then to Eurodollar Rate Term SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.04(b) 2.05 shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Application of Other Payments. Prepayments of the Revolving Facility made pursuant to the foregoing this Section 2.04(b)(v2.05(b), first, shall be applied ratably to the L/C Borrowings, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan PartyParty that has provided Cash Collateral) to reimburse the Lender. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.04(b) 2.05 shall be applied first (1st) to Base Rate Loans and then to Eurodollar BSBY Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.04(b) 2.05 shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Application of Other Payments. Prepayments of the Revolving Facility made pursuant to the foregoing this Section 2.04(b)(v2.05(b), first, shall be applied ratably to the L/C Borrowings, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan PartyParty that has provided Cash Collateral) to reimburse the Lender. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.04(b2.05(b) shall be applied first (1st) to Base Rate Loans and then to Eurodollar Rate Term SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.04(b2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.