Common use of Application of Payments Generally Clause in Contracts

Application of Payments Generally. All repayments of any Term Loans shall be applied first, to repay that portion of the Term Loans outstanding as Base Rate Loans and then, to repay that portion of the Term Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods. All repayments of Term Loans shall be applied pro rata among the Term Loans and to reduce ratably the remaining installments of such outstanding principal amounts of the Term Loans in the stated order of their maturities. If sufficient amounts are not available to repay all outstanding Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ interest in such Obligations. Any priority level set forth in this Section 2.12 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding.

Application of Payments Generally. All repayments of any Term Loans shall be applied first, to repay that portion of the Term such Loans outstanding as Base Rate Loans and then, to repay that portion of the Term such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods. All repayments of Term Loans shall be applied pro rata among the Term Loans and to reduce ratably the remaining installments of such outstanding principal amounts of the Term Loans in AMENDED AND RESTATED CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC. the stated inverse order of their maturities. If sufficient amounts are not available to repay all outstanding Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ interest in such Obligations. Any priority level set forth in this Section 2.12 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding.

Application of Payments Generally. All repayments of any Revolving Loans or Term Loans shall be applied first, to repay that portion of the Term such Loans outstanding as Base Rate Loans and then, to repay that portion of the Term such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods. All repayments of (i) Revolving Loans shall be applied in direct order of maturity and (ii) Term Loans shall be applied pro rata among the Term Loans and to reduce ratably the remaining installments of such outstanding principal amounts of the Term Loans in the stated order of their maturitiesLoans. If sufficient amounts are not available to repay all outstanding Obligations described in any priority level set forth in this Section 2.122.10, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ interest in such Obligations. Any priority level set forth in this Section 2.12 2.10 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding.

Application of Payments Generally. All repayments of any Term Loans shall be applied first, to repay that portion of the Term Loans outstanding as Base Rate Loans and then, to repay that portion of the Term Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods. All repayments of Term Loans shall be applied pro rata among the Term Loans and to reduce ratably the remaining installments of such outstanding principal amounts of the Term Loans in the stated order of their maturities. If sufficient amounts are not available to repay all outstanding Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ ' interest in such Obligations. Any priority level set forth in this Section 2.12 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding.