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 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

Appears in 1 contract

Samples: Credit and Guaranty Agreement (REVA Medical, Inc.)

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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 Loans pursuant to Section 2.13 shall be applied as follows: fifthfirst, to prepay Term Loans on a pro rata basis (the payment of all fees, all expenses specified in accordance with Section 10.2 and all other amounts payable pursuant to the respective outstanding principal amounts Fee Letter, in each case to the full extent 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;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

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:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.)

Application of Prepayments by Type of Loans. Any voluntary prepayments of Term Loans pursuant to Section 2.12 2.13 and any mandatory prepayment of any Loan pursuant to Section 2.13 2.14 shall be applied as follows: fifthfirst, to prepay Term Loans on a pro rata basis (the payment of all fees, and all expenses specified in accordance with Section 10.2, to the respective outstanding principal amounts full extent 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;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (GPB Holdings II, LP)

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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: fifthfirst, to prepay Term Loans on a pro rata basis (the payment of all fees, including any fees and amounts payable pursuant to the Fee Letter, and all expenses specified in accordance with Section 10.2, to the respective outstanding principal amounts full extent 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;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Primo Water Corp)

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