Common use of Application of Prepayments by Type of Loans Clause in Contracts

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. Any voluntary prepayments of Term Loans pursuant to Section 2.12 2.11 and any mandatory prepayment of any Loans Loan pursuant to Section 2.13 2.12 shall be applied as follows: first, to the payment of all feesfees other than any premium, and all expenses specified in Section 10.2 and all other amounts payable pursuant to the Fee Letter10.2, 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, if any, on any Loan or Commitment; fifth, except in connection with any Waivable Mandatory Prepayment as provided in Section 2.13(c), 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 of principal of the Term LoansLoans and to further permanently reduce the Term Loan Commitments by the amount of such prepayment; fifthand sixth, 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. Any voluntary prepayments of Term Loans pursuant to Section 2.12 and any mandatory prepayment of any Loans Loan pursuant to Section 2.13 shall be applied as follows: first, to the payment of all fees, and all expenses specified in Section 10.2 and all other amounts payable pursuant to the Fee Letter10.02, in each case to the full extent thereofthereof then due and payable; second, to the payment of Protective Advances, if any; third, to the payment of any accrued interest at the Default Rate, if any; thirdfourth, to the payment of any accrued interest (other than Default Rate interest)) with respect to the principal amount prepaid; fourthfifth, to the payment of any prepayment premium, if any, on any Loan; sixth, to prepay the Term Loans (which payments shall be applied in inverse order of maturity on a pro rata basis to reduce each of the remaining scheduled Installments of principal installments of the Term Loans); fifthseventh, to prepay the Revolving Loans and outstanding reimbursement obligations with respect to Letters of Credit to the full extent thereof and and, after the Term Loans have been paid in full, 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 pay any remaining Obligations then due and payableObligations.

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 subsection 2.4B(i) shall be applied as followsapplied: first, 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 repay outstanding Swing Line Loans to the full extent thereof; second, second to repay outstanding Term Loans and/or Revolving Loans. Any amount required to be applied as a mandatory prepayment or Commitment reduction pursuant to subdivisions (a), (b), (c), (d) or (f) of subsection 2.4B(iii) shall be applied first to ratably prepay the Term A Loans, the Term B Loans and the Term C Loans to the payment of any accrued interest at the Default Ratefull extent thereof, if any; third, to the payment of any accrued interest (other than Default Rate interest); fourth, second to prepay Term Swing Line 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 Loan Commitment by the amount of such prepayment; sixth, third, to Cash Collateralize Letters of Credit in an amount not less than prepay Revolving Loans to the Minimum Collateral Amount full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such Cash Collateralization; seventhprepayment, fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit, fifth, to cash collateralize Letters of Credit as provided in the Collateral Account Agreement and sixth, to the extent of any remaining amount, to further permanently reduce the Revolving Commitments to the full extent thereof; eighth, to payment of any remaining Obligations then due and payableLoan Commitments.

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 Loan pursuant to Section 2.13 shall be applied as follows: first, to the payment of all fees, all expenses specified in Section 10.2 including any fees and all other amounts payable pursuant to the Fee Letter, and all expenses specified in each case Section 10.2, 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; sixthfifth, to Cash Collateralize Letters 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 Credit in an amount not less than the Minimum Collateral Amount and maturity to further permanently reduce the Revolving Loan Commitments by remaining scheduled installments of principal of the amount of such Cash CollateralizationTerm Loans; seventhsixth, to further permanently reduce the Revolving Commitments to the full extent thereof; eighthand seventh, to payment further permanently reduce the Term Loan Commitments to the full extent thereof. Notwithstanding the foregoing, no amounts received from any Credit Party (or proceeds of any remaining such Credit Party’s property) shall be applied to any Obligations then due and payableunder any Interest Rate Agreement the guaranty of which by such Credit Party is an Excluded Swap Obligation.

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 ofpro rata across 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.