Common use of Application of Other Payments Clause in Contracts

Application of Other Payments. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in the case of prepayments of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b), the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its business. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(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 2.05(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. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in . Upon the case drawing of prepayments any Letter of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b)Credit that has been Cash Collateralized, the amount remaining, if any, after funds held as Cash Collateral shall be applied (without any further action by or notice to or from the prepayment in full of all Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C BorrowingsIssuer or the Lenders, Swingline Loans as applicable. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and Revolving Loans outstanding at such time filed separately with the Securities and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its businessExchange Commission. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(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 2.05(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. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, Loans (without any reduction of the Revolving Commitments) and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in . Upon the case drawing of prepayments any Letter of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b)Credit that has been Cash Collateralized, the amount remaining, if any, after funds held as Cash Collateral shall be applied (without any further action by or notice to or from the prepayment in full of all Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C BorrowingsIssuer or the Revolving Lenders, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its businessas applicable. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(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 2.05(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. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in . Upon the case drawing of prepayments any Letter of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b)Credit that has been Cash Collateralized, the amount remaining, if any, after funds held as Cash Collateral shall be applied (without any further action by or notice to or from the prepayment in full of all Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C BorrowingsIssuer or the Revolving Lenders, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its businessas applicable. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans, then to SOFR Daily Floating Rate Loans and then to Eurodollar Rate Term SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(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. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Swing Line Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in . Upon the case drawing of prepayments any Letter of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b)Credit that has been Cash Collateralized, the amount remaining, if any, after funds held as Cash Collateral shall be applied (without any further action by or notice to or from the prepayment in full of all Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C BorrowingsIssuer or the Lenders, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its businessas applicable. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturitiesDaily SOFR Loans. All prepayments under this Section 2.05(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. Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be Annex I to Third Amendment to Credit Agreement (Xxxxxx Industries, Inc.) 4888-1961-8421 v.3 ANNEX I TO THIRD AMENDMENT TO CREDIT AGREEMENT applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, at the option of Administrative Agent, shall be used to Cash Collateralize the remaining L/C Obligations; and, in . Upon the case drawing of prepayments any Letter of the Revolving Facility required pursuant to clause (i) or (ii) of this Section 2.05(b)Credit that has been Cash Collateralized, the amount remaining, if any, after funds held as Cash Collateral shall be applied (without any further action by or notice to or from the prepayment in full of all Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C BorrowingsIssuer or the Lenders, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its businessas applicable. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar BSBY Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(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.