Common use of Application of Other Payments Clause in Contracts

Application of Other Payments. Except as otherwise provided in Section 2.12, prepayments of the Revolving Facility made pursuant to this Section 2.03(b), shall be applied to the outstanding Revolving Loans. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.03(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 2.03(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 to but excluding the date of prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Fabrinet), Credit Agreement (Fabrinet)

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Application of Other Payments. Except as otherwise provided in Section 2.122.15, prepayments of the Revolving Facility made pursuant to this Section 2.03(b), 2.05(b) shall be applied to the outstanding Revolving Loans. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.03(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 2.03(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 to but excluding through the date of prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Advanced Energy Industries Inc), Credit Agreement (Advanced Energy Industries Inc)

Application of Other Payments. Except as otherwise provided in Section 2.122.15, prepayments of the Revolving Facility made pursuant to this Section 2.03(b), 2.05(b) shall be applied to the outstanding Revolving Loans. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.03(b2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate RateTerm SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.03(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 to but excluding through the date of prepayment.

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

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Application of Other Payments. Except as otherwise provided in Section 2.122.15, prepayments of the Revolving Facility made pursuant to this Section 2.03(b), 2.05(b) shall be applied to the outstanding Revolving Loans. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.03(b2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Term SOFR Loans in direct order of Interest Period maturities. All prepayments under this Section 2.03(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 to but excluding through the date of prepayment.

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

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