Application of Prepayments and Repayments. All prepayments or repayments, as the case may be, made pursuant to clause (b) of this Section 2.06 shall be applied to the outstanding Advances as follows:
(i) All mandatory prepayments and repayments pursuant to clauses (i), (iii) or (iv) of clause (b) of this Section 2.06 shall be applied:
(A) first, an amount of such prepayment or repayment which, when added to any prior prepayments pursuant to clauses (i), (iii) or (iv) of clause (b) of this Section 2.06 shall equal $10,000,000, shall be applied to prepay Term Loan A Advances, Term Loan B Advances and Term Loan C Advances, then outstanding on a pro rata basis in the direct order of the maturity of the principal payments due in respect thereof; 10
(B) second, to prepay or reduce any Term Loan A Advances, Term Loan B Advances and Term Loan C Advances, then outstanding on a pro rata basis in the inverse order of the maturity of the principal payments due in respect thereof until all such Term Loan Advances are paid in full;
(C) third, to prepay Letter of Credit Advances then outstanding until all such Letter of Credit Advances are paid in full;
(D) fourth, to prepay Revolving Credit Advances then outstanding (whereupon the Revolving Credit Facility shall be permanently reduced as set forth in Section 2.05(b)(ii) in the amount of such prepayment) until such Revolving Credit Advances are paid in full; and
(E) fifth, deposited in the L/C Cash Collateral Account to cash collateralize 100% of the Available Amount of the Letters of Credit then outstanding.
(ii) All mandatory prepayments and repayments pursuant to clauses (ii) or (v) of clause (b) of this Section 2.06 shall be applied:
(A) first, to prepay Term Loan A Advances, Term Loan B Advances and Term Loan C Advances, then outstanding on a pro rata basis in the inverse order of the maturity of the principal payments due in respect thereof until all such Term Loan Advances are paid in full;
(B) second, to prepay Letter of Credit Advances then outstanding until all such Letter of Credit Advances are paid in full;
(C) third, to prepay Revolving Credit Advances then outstanding (whereupon the Revolving Credit Facility shall be permanently reduced as set forth in Section 2.05(b)(ii) in the amount of such prepayment) until such Revolving Credit Advances are paid in full; and
(D) fourth, deposited in the L/C Cash Collateral Account to cash collateralize 100% of the Available Amount of the Letters of Credit then outstanding.
(b) Section 2.06 (Prepayments and Repa...
Application of Prepayments and Repayments. (i) The prepayments required pursuant to subsection (d) of this Section shall be applied as follows:
(A) in the case of prepayments required pursuant to subsection (d)(i) of this Section in respect of any Debt Incurrence or Equity Issuance or in respect of the LCR Recapitalization, first, the Borrower shall prepay the Term Loans-C, until all Term Loans-C have been paid in full, second, the Borrower shall prepay the Term Loans-D, until all Term Loans-D have been paid in full and, third, the Borrower shall prepay the Term Loans-A and (subject to subsection (f) of this Section) the Term Loans-B, ratably, until all Term Loans-A and Term Loans-B have been paid in full; and
(B) in the case of prepayments required pursuant to subsection (d)(i) of this Section in respect of any Asset Sale or receipt of Major Casualty Proceeds, or pursuant to subsection (d)(ii) of this Section, first, the Borrower shall prepay the Term Loans-A and (subject to subsection (f) of this Section) the Terms Loans-B, ratably, until all Term Loans-A and Term Loans-B have been paid in full, second, the Borrower shall prepay the Term Loans-C, until all Term Loans-C have been paid in full and, third, the Borrower shall prepay the Term Loans-D, until all Term Loans-D have been paid in full.
(ii) Each prepayment of any Class of Term Loans shall be applied ratably to the respective Term Loans of such Class of all Term Loan Lenders, subject to subsection (f) of this Section.
(iii) The amount of any prepayments of Term Loans-A pursuant to subsection (d) of this Section shall be applied to reduce pro rata the amount of the subsequent scheduled prepayments of the Term Loans-A required pursuant to subsection (a) of this Section.
(iv) The amount of any prepayments of Term Loans-B pursuant to subsection (d) of this Section shall be applied to reduce pro rata the amount of the subsequent scheduled prepayments of the Term Loans-B required pursuant to subsection (b) of this Section.
(v) Each payment of principal of the Term Loans of any Class shall be made together with interest accrued and unpaid on the amount repaid to the date of payment.
(vi) Each payment of the Term Loans of any Class shall be applied to such Group or Groups of Term Loans of any Class as the Borrower may designate (or, failing such designation, as determined by the Administrative Agent).
Application of Prepayments and Repayments. Unless otherwise ----------------------------------------- provided in this Agreement, repayments and prepayments shall be applied first to costs, indemnities and fees (to the extent then payable) then to interest (to the extent then payable) and then to principal with respect to Base Rate Loans, and then to principal with respect to LIBOR Loans and among such LIBOR Loans first to such Loans with the earliest expiring Interest Periods and thereafter to such LIBOR Loans in chronological order of the expiration of their Interest Periods.
Application of Prepayments and Repayments. 23 2.4.5 Interest and Breakage Costs on LIBOR Loans...........................................24 2.4.6
Application of Prepayments and Repayments. Unless otherwise expressly provided herein, any prepayments or repayments made hereunder shall be applied as follows: first, to any accrued and unpaid interest or fees, second to the outstanding principal balance of the Term Loan and third, to any other Obligations then outstanding. Any prepayments or repayments hereunder shall made to the Lenders pro rata.
Application of Prepayments and Repayments. 29 2.5.7 Interest and Breakage Costs on LIBOR Loans.....................................................................29 2.5.8 Final Maturity.................................................................................................29 2.6 Interest.......................................................................................................29 2.6.1 Interest Rate Options..........................................................................................29 2.6.2 Calculation and Payment of Interest............................................................................29 2.6.3
Application of Prepayments and Repayments. Miscellaneous Provisions Relating to Prepayments, Termination or Reduction of Commitments and Maintenance of L/C Cash Collateral Account....
Application of Prepayments and Repayments. All prepayments or repayments, as the case may be, made pursuant to clause (b) of this Section 2.06 shall be applied to the outstanding Advances as follows:
(i) first, to prepay Letter of Credit Advances then outstanding until all such Letter of Credit Advances are paid in full; and
(ii) second, to prepay Revolving Credit Advances then outstanding (whereupon the Revolving Credit Facility shall be permanently reduced to the extent set forth in Section 2.05(b)(iii) in the amount of such prepayment) until such Revolving Credit Advances are paid in full; and
(iii) third, deposited in the L/C Cash Collateral Account to cash collateralize 100% of the Available Amount of the Letters of Credit then outstanding.
Application of Prepayments and Repayments. Payment of Breakage -------------------------------------------------------------- Fees, Etc. All prepayment and repayments made pursuant to Subsections 1.6 and --------- 1.7 shall first be applied to such of the applicable type of Loans as Borrower shall direct in writing and, in the absence of such direction, shall first be applied to the Base Rate Loan and then to such LIBOR Loans and Quoted Rate Loans as Borrower and CoBank shall agree (in the absence of agreement, such prepayments and repayments shall be applied to the LIBOR Loans and Quoted Rate Loans on which the lowest amount of Breakage Fees would be due). All prepayments and repayments required or permitted hereunder shall be accompanied by payment of all applicable Breakage Fees and accrued interest on the amount repaid. All prepayments and repayments applied to the Term Loan shall be applied to principal installments in the inverse order of maturity.
Application of Prepayments and Repayments. Unless otherwise provided in this Agreement, repayments and prepayments shall be applied first to costs, indemnities and fees (to the extent then payable) then to principal applied first to any Base Rate Loans then outstanding, then to outstanding LIBOR Rate Loans, and finally to provide cash collateral for Letters of Credit. All mandatory prepayments under Section 2.4.5 shall be applied first to outstanding Loans under the Line of Credit (with a corresponding reduction in the Commitment) in the same order as the previous sentence.
