Common use of Application of Payments and Commitment Reductions Clause in Contracts

Application of Payments and Commitment Reductions. (a) Any prepayment of the Term Loans or Revolving Credit Loans required pursuant to Section 7.3(e)(i) shall be applied, first, to the repayment of the Term Loans then outstanding to the extent required by the Term Loan Agreement and, second, to the repayment of the Revolving Credit Loans then outstanding (without any permanent reduction of the Aggregate Commitment). Any prepayment of the Term Loans and Revolving Credit Loans required pursuant to Section 7.3(e)(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the Term Loans to the extent required by the Term Loan Agreement, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Commitment). (b) To the extent that any reduction of the Aggregate Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied to repay the Multi-Currency Loans, the Acceptances and/or the L/C Reimbursement Obligations (and, to the extent necessary, cause the then outstanding Undrawn L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(c). (c) To the extent that any reduction of the Aggregate Commitment necessitates the prepayment of Local Loans and Acceptances pursuant to Section 7.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Administrative Agent may elect. (d) [Intentionally Omitted.];

Application of Payments and Commitment Reductions. (a) Any prepayment reduction of the Term Loans or Revolving Credit Loans Aggregate Commitment required pursuant to Section 7.3(e)(i) subsection 7.4 shall be applied, first, applied (i) ratably to the repayment of the Term Loans then outstanding and to the extent required by the Term Loan Agreement and, second, to the repayment of the Revolving Credit Loans then outstanding (without any a permanent reduction of the Aggregate Commitment). Any prepayment of the Term Loans Multi-Currency Commitment then in effect and Revolving Credit Loans required pursuant to Section 7.3(e)(ii(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the Term Loans to the extent required by the that no Term Loan AgreementLoans remain outstanding, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Collateral or any other assets to the repayment of the Revolving Credit Loans (without any a permanent reduction of the Aggregate Commitment)Multi-Currency Commitment then in effect. (b) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section subsection 7.3, such prepayment shall be applied to repay the Multi-Currency Loans, the Acceptances and/or the L/C Reimbursement Obligations (and, to the extent necessary, cause the then outstanding Undrawn L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(csubsection 7.5(c). (c) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of Local Loans and Acceptances outstanding thereunder pursuant to Section subsection 7.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, provided that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Administrative Agent Agents may elect. (d) [Intentionally OmittedAny prepayment of the Term Loans required pursuant to subsection 7.3 or 7.4 shall be applied to the outstanding installments thereof in inverse order of their scheduled maturities (to be applied first to the payment due under subsection 2.4(b)).];

Application of Payments and Commitment Reductions. (a) Any prepayment of the New Term Loans or Revolving Credit Loans reduction of the Aggregate Multi-Currency Commitment required pursuant to Section 7.3(e)(i) shall be applied, first, to the repayment of the New Term Loans then outstanding to the extent required by the New Term Loan Agreement and, second, to the repayment of the Revolving Credit Loans then outstanding (without any permanent reduction of the Aggregate Commitment)Multi-Currency Commitment then in effect. Any prepayment of the New Term Loans and Revolving Credit Loans required pursuant to Section 7.3(e)(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the New Term Loans to the extent required by the New Term Loan Agreement, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Multi-Currency Commitment). (b) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied to repay the Multi-Currency Loans, the Acceptances and/or the L/C Reimbursement Obligations (and, to the extent necessary, cause the then outstanding Undrawn L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(c). (c) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of Local Loans and Acceptances outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Multi-Currency Administrative Agent may elect. (d) [Intentionally OmittedAny prepayment of the Term Loans required pursuant to Section 7.3 shall be applied, first, in the direct order of maturity to the then outstanding installments thereof maturing in the next twelve months and, second, ratably to the remaining installments thereof.];

Application of Payments and Commitment Reductions. (a) Any prepayment reduction of the Term Loans or Revolving Credit Loans Aggregate Commitment required pursuant to Section 7.3(e)(i) subsection 10.4 shall be applied, first, : (i) ratably to the repayment of the Initial Term Loans and the Deferred Draw Term Loans then outstanding to and the extent required by reduction of the Available Deferred Draw Term Loan Agreement and, second, to Commitment and the repayment of the Revolving Credit Loans then outstanding Aggregate Acquisition Loan Commitment (without with any permanent such reduction of the Aggregate CommitmentAcquisition Loan Commitment being applied ratably to the then remaining scheduled reductions thereof). Any prepayment of ; (ii) to the extent that no Initial Term Loans and Revolving Credit or Deferred Draw Term Loans required pursuant to Section 7.3(e)(ii) shall be appliedremain outstanding, if in respect of the sale, lease, transfer or other disposition of Available Deferred Draw Term Loan CollateralCommitment is zero and the Aggregate Acquisition Loan Commitment has been terminated, to the repayment of the Term Loans to the extent required by the Term Loan Agreement, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Multi-Currency Commitment); and (iii) to the extent that no Initial Term Loans or Deferred Draw Term Loans remain outstanding, the Available Deferred Draw Term Loan Commitment is zero and each of the Aggregate Acquisition Loan Commitment and the Aggregate Multi-Currency Commitment has been terminated to the reduction of the Aggregate Special L/C Commitment. (b) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section 7.3subsection 10.3, such prepayment shall be applied applied, first, to repay the Multi-Currency LoansSwing Line Loans then outstanding; second, to the Acceptances and/or Revolving Credit Loans then outstanding; third, to the reimbursement of all outstanding Operating L/C Reimbursement Obligations (andObligations; fourth, to the extent necessaryLocal Loans and Acceptances then outstanding; and, cause fifth, to causing the then outstanding Undrawn Operating L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(c). (c) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of Local Loans and Acceptances outstanding thereunder pursuant to Section 7.3subsection 10.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, provided that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Administrative Agent Agents may elect. (d) [Intentionally OmittedTo the extent that any reduction of the Aggregate Acquisition Loan Commitment necessitates the prepayment of Acquisition Loans outstanding thereunder pursuant to subsection 10.3, such prepayment shall be applied in such manner as the Company (or, following the occurrence and during the continuance of any Default or Event of Default, the Administrative Agent) may elect; (e) Any prepayment of the Initial Term Loans or the Deferred Draw Term Loans required pursuant to subsection 10.3 or 10.4 shall be applied to the outstanding installments thereof in inverse order of their scheduled maturities (to be applied first to the payment due under subsection 2.4(b) or subsection 3.4(b), as the case may be).];

Application of Payments and Commitment Reductions. (a) Any prepayment of the Term Loans or Revolving Credit Loans required pursuant to Section 7.3(e)(i) shall be applied, first, to the repayment of the Term Loans then outstanding to the extent required by the Term Loan Agreement and, second, to the repayment of the Revolving Credit Loans then outstanding (without any permanent reduction of the Aggregate Commitment). Any prepayment of the Term Loans and Revolving Credit Loans required pursuant to Section 7.3(e)(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the Term Loans to the extent required by the Term Loan Agreement, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Commitment). (b) To the extent that any reduction of the Aggregate Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied to repay the Multi-Currency Loans, the Acceptances and/or the L/C Reimbursement Obligations (and, to the extent necessary, cause the then outstanding Undrawn L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(c). (c) To the extent that any reduction of the Aggregate Commitment necessitates the prepayment of Local Loans and Acceptances pursuant to Section 7.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Administrative Agent may elect. (d) [Intentionally Omitted.];

Application of Payments and Commitment Reductions. (a) Any prepayment of the Term Loans or Revolving Credit Loans reduction of the Aggregate Multi-Currency Commitment required pursuant to Section 7.3(e)(i) shall be applied, first, to the repayment of the Term Loans then outstanding to the extent required by the Term Loan Agreement and, second, to the repayment of the Revolving Credit Loans then outstanding (without any permanent reduction of the Aggregate Commitment)Multi-Currency Commitment then in effect. Any prepayment of the Term Loans and Revolving Credit Loans required pursuant to Section 7.3(e)(ii) shall be applied, if in respect of the sale, lease, transfer or other disposition of Term Loan Collateral, to the repayment of the Term Loans to the extent required by the Term Loan AgreementLoans, and if in respect of the sale, lease, transfer or other disposition of Multi-Currency Facility Collateral or any other assets to the repayment of the Revolving Credit Loans (without any permanent reduction of the Aggregate Multi-Currency Commitment). (b) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of amounts outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied to repay the Multi-Currency Loans, the Acceptances and/or the L/C Reimbursement Obligations (and, to the extent necessary, cause the then outstanding Undrawn L/C Obligations to be Fully Secured), as the Company and the Local Borrowing Subsidiaries so determine, subject to Section 7.4(c). (c) To the extent that any reduction of the Aggregate Multi-Currency Commitment necessitates the prepayment of Local Loans and Acceptances outstanding thereunder pursuant to Section 7.3, such prepayment shall be applied, first, to the Local Loans of such Local Borrowers as the Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second, to the Acceptances; provided, however, that, during such time as an Event of Default has occurred and is continuing, such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Multi-Currency Administrative Agent may elect. (d) [Intentionally OmittedAny prepayment of the Term Loans required pursuant to Section 7.3 shall be applied, first, in the direct order of maturity to the then outstanding installments thereof maturing in the next twelve months and, second, ratably to the remaining installments thereof.];