Application of Prepayments by Type of Loans. So long as no Default or Event of Default has occurred and is continuing, each voluntary and mandatory prepayment of Loans pursuant to Section 2.03(a) and Section 2.03(b) shall be applied as follows: first, to the payment of all fees and all expenses specified in Section 8.03, to the full extent thereof;
Application of Prepayments by Type of Loans. Any voluntary prepayments of Term Loans pursuant to Section 2.12 and any mandatory prepayment of any Loans pursuant to Section 2.13 shall be applied as follows: first, to the payment of all fees, all expenses specified in Section 10.2 and all other amounts payable pursuant to the Fee Letter, in each case to the full extent thereof; second, to the payment of any accrued interest at the Default Rate, if any; third, to the payment of any accrued interest (other than Default Rate interest); fourth, to prepay Term Loans applied in inverse order of maturity to reduce the remaining scheduled Installments of principal of the Term Loans; fifth, to prepay the Revolving Loans and outstanding reimbursement obligations with respect to Letters of Credit to the full extent thereof and to further permanently reduce the Revolving Commitments by the amount of such prepayment; sixth, to Cash Collateralize Letters of Credit in an amount not less than the Minimum Collateral Amount and to further permanently reduce the Revolving Loan Commitments by the amount of such Cash Collateralization; seventh, to further permanently reduce the Revolving Commitments to the full extent thereof; eighth, to payment of any remaining Obligations then due and payable.
Application of Prepayments by Type of Loans. Each voluntary and mandatory prepayment of the Term Loan pursuant to Section 2.02(a) and Section 2.02(b) shall be applied as follows: first, to the payment of all fees, and all expenses specified in Section 10.04, to the full extent thereof;
Application of Prepayments by Type of Loans. Any voluntary prepayments of Term Loans pursuant to Section 2.12 and any mandatory prepayment of any Loan pursuant to Section 2.13 shall be applied as follows: fifth, to prepay Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be further applied in inverse order of maturity to reduce the remaining scheduled installments (if any) of principal of the Multi Draw Term Loans; and
Application of Prepayments by Type of Loans. Any voluntary prepayments of Term Loans pursuant to SECTION 2.10 and any mandatory prepayment of any Term Loan pursuant to SECTION 2.11 shall be applied as follows: first, to the payment of all due and unpaid expenses and fees to the full extent thereof; second, to the payment of any accrued interest at the Current Rate; third, to the payment of any accrued interest at the Default Rate, if any; fourth, to the payment of the Prepayment Premium and Yield Maintenance Premium, if either is applicable, on any Term Loan; fifth, except in connection with any Waivable Mandatory Prepayment in SECTION 2.12(b), to prepay the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be further applied in inverse order of maturity to reduce the remaining scheduled Installments of principal of the Term Loan; and sixth, to the payment of any other amounts due to the Agent or the Lenders under the Credit Documents.
Application of Prepayments by Type of Loans. Any voluntary ------------------------------------------- prepayments pursuant to subsection 2.4B(i) shall be applied as specified by Company in the applicable notice of prepayment; provided that in the event -------- Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing ----- Line Loans to the full extent thereof, second to repay outstanding ------ Revolving Loans to the full extent thereof, and third to repay outstanding ----- Term Loans to the full extent thereof. Any amount required to be applied as a prepayment of Loans or Revolving Loan Commitment reduction pursuant to any of subsections 2.4B(iii)(a) through (f) or this subsection 2.4C(i) shall be applied first, to repay Term Loans as selected by Company in an ----- amount not in excess of an amount equal to the scheduled amortization payments on such Term Loans selected for the immediately succeeding twelve- month period, second, to further prepay the Term Loans ratably to the full ------ extent thereof, third, to prepay Swing Line Loans to the full extent ----- thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, fourth, to prepay Revolving Loans to the full ------ extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, fifth, to prepay outstanding ----- reimbursement obligations with respect to Letters of Credit, sixth, to cash ----- collateralize Letters of Credit as provided in the Collateral Account Agreement and seventh, to the extent of any remaining amount, to further ------- reduce the Revolving Loan Commitments. Anything contained herein to the contrary notwithstanding, so long as any Term A Loans are outstanding, in the case of any voluntary or mandatory prepayments of Term Loans pursuant to subsections 2.4A or 2.4B or this subsection 2.4C, (a) Company shall use reasonable efforts to notify the Lenders of such prepayment in advance of payment to the Administrative Agent of such amount, (b) upon receipt of such payment, the Administrative Agent shall notify the Lenders of such payment, (c) in the event any Lender with Term B Loans elects to waive such Lender's right to receive such prepayment in respect of any such Loans, such Lender shall so advise the Administrative Agent in writing no later than the close of business on the date it receives such notice from the Administrative Agent and (d) up...
Application of Prepayments by Type of Loans. Any voluntary prepayments of Term Loans pursuant to Section 2.12 and any mandatory prepayment of any Loan pursuant to Section 2.13 shall be applied as follows: first, to the payment of all fees (other than any premium, including under the Fee Letter) and all expenses specified in Section 10.2, in each case, to the full extent thereof; second, to the payment of any accrued interest at the Default Rate, if any; third, to the payment of any accrued interest (other than Default Rate interest); fourth, to the payment of the applicable premium (including under the Fee Letter), if any, on any Loan or Commitment; fifth, to prepay Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof), which shall be applied to reduce the remaining scheduled Installments of principal of the Term Loans on a pro rata basis; and sixth, to payment of any remaining Obligations then due and payable.
Application of Prepayments by Type of Loans. Except for any prepayments during the continuance of an Event of Default, any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by the Borrower in the applicable notice of prepayment. Except for any prepayments during the continuance of an Event of Default, any prepayment of any Loan pursuant to Section 2.14 and any prepayment of a Loan pursuant to Section 2.13(a) for which the Borrower has not specified the Loans to which any such prepayment shall be applied shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; LA\4027402.11 LA\4027402.11 second, to repay outstanding Revolving Loans to the full extent thereof; and third, to Cash Collateralize any outstanding Letters of Credit.
Application of Prepayments by Type of Loans. Any voluntary prepayments of the Term Loan pursuant to Section 2.12 and any mandatory prepayment of any Loan pursuant to Section 2.13 shall be applied as follows: first, to the payment of all expenses and fees to the full extent thereof; second, to the payment of any accrued interest at the Default Rate, if any; third, to the payment of the Prepayment Premium, if any, on any Loan; fourth, to the payment of any accrued interest (other than Default Rate interest); fifth, except in connection with any Waivable Prepayment in Section 2.14(c), to prepay the Term Loan, which prepayments shall be applied on a pro rata basis to reduce the remaining scheduled Installments of principal of the Term Loan; and sixth, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Commitments by the amount of such prepayment.
Application of Prepayments by Type of Loans. (1) Any prepayment of any Term Loan pursuant to Section 2.12 and (2) except in connection with any Waivable Mandatory Prepayment provided for in Section 2.14(c), so long as no Application Event has occurred and is continuing, any mandatory prepayment of any Loan pursuant to Section 2.13 (other than Section 2.13(f)), in each case, shall be applied as follows:
(i) the Proceeds from any prepayment pursuant to (x) any Asset Sale of any Revolver Priority Collateral pursuant to Section 2.13(a), (y) any insurance policy or condemnation award with respect to any Revolver Priority Collateral pursuant to Section 2.13(b) and (z) any Extraordinary Receipts with respect to any Revolver Priority Collateral pursuant to Section 2.13(g) shall be applied (A) first, to prepay the principal of the Revolving Loan until paid in full, (B) second, if an Event of Default has occurred and is continuing, to Cash Collateralize Letters of Credit, and (C) third, to prepay the principal of the Term Loans in the inverse order of maturity until paid in full;
(ii) the proceeds from any prepayment pursuant to (x) any Asset Sale of any Term Priority Collateral pursuant to Section 2.13(a), (y) any insurance policy or condemnation award with respect to any Term Priority Collateral pursuant to Section 2.13(b) and (z) any Extraordinary Receipts with respect to any Term Priority Collateral pursuant to Section 2.13(g) shall be applied (A) first, to prepay the principal of the Term Loans in the inverse order of maturity until paid in full, (B) second, to prepay the principal of the Revolving Loan until paid in full, and (C) third, if an Event of Default has occurred and is continuing, to Cash Collateralize Letters of Credit;
(iii) the proceeds from any prepayment pursuant to an Asset Sale of all or substantially all of the assets or Capital Stock of any Person or any insurance which Asset Sale or proceeds of insurance includes both (x) Revolver Priority Collateral and (y) Term Priority Collateral, shall be applied in a manner mutually determined by the Agent and Service Agent acting reasonably and in good faith; and
(iv) the proceeds from any prepayment event set forth in Section 2.13(c), Section 2.13(d), Section 2.13(e) or Section 2.13(g) (other than any such proceeds applied pursuant to clauses (b)(i) or (b)(ii) above) shall be applied, (A) first, to prepay the principal of the Term Loans in the inverse order of maturity until paid in full, (B) second, to prepay the principal of the Revolving Loa...
