Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds in accordance with Section 5.4(c) shall be applied as follows: insurance proceeds from casualties or losses to cash or Inventory shall be applied first to the Swing Line Loans and second to the Revolving Credit Advances; insurance proceeds from casualties or losses to Equipment, Fixtures and Real Estate shall be applied ratably to scheduled installments of the Equipment Advances and the Term Loan in inverse order of maturity. Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments. If the precise amount of insurance proceeds allocable to Inventory as compared to Equipment, Fixtures and Real Estate are not otherwise determined, the allocation and application of those proceeds shall be determined by Agent, subject to the approval of Requisite Lenders.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds in accordance with Section 5.4(c) shall be applied as follows: insurance proceeds from casualties or losses shall be applied first, to the Swing Line Loans, second, to the Tranche A Revolving Credit Advances; and last to the Tranche B Revolving Credit Advances. Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds in accordance with Section 5.4(b) shall be applied to the Revolving Credit Advances. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds in accordance with Section 5.4(3) shall be applied as follows: (a) insurance proceeds from casualties or losses to cash or Inventory shall be applied to the Revolving Credit Advances; and (b) insurance proceeds from casualties or losses to Equipment, Fixtures and Real Estate shall be applied to scheduled installments of the Term Loan in inverse order of maturity. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments. If the precise amount of insurance proceeds allocable to Inventory as compared to Equipment, Fixtures and Real Estate are not otherwise determined, the allocation and application of those proceeds shall be determined by Lender, acting reasonably.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds received by Agent in accordance with Section ------- 5.4(c) shall be applied as follows: insurance proceeds from casualties or losses ------ to cash or Inventory shall be applied first, to the Swing Line Loans and, second, to the Revolving Credit Advances; and insurance proceeds from casualties or losses to Equipment, Fixtures and Real Estate shall be applied to scheduled principal installments of the Term Loan, in inverse order of maturity. Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments, except to the extent that the failure to reduce such Commitment would result in a contractual requirement that any portion of that prepayment amount be applied to repurchase or prepay Subordinated Debt. If the precise amount of insurance proceeds allocable to Inventory as compared to Equipment, Fixtures and Real Estate are not otherwise determined, the allocation and application of those proceeds shall be as reasonably determined by Agent.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance with respect to the Collateral in accordance with Section 4.2, business interruption insurance in respect of events occurring after the Closing Date or condemnation proceeds with respect to any Collateral shall be applied first to the Revolving Credit Advances of the Borrower that incurred such casualties. None of the US Tranche A Loan Commitment, the US Tranche A1 Loan Commitment, the Canadian Tranche A Loan Commitment or the Canadian Tranche A1 Loan Commitment shall be permanently reduced by the amount of any such prepayments. If such insurance or condemnation proceeds received by a particular Borrower exceed the outstanding principal balances of the Loans to that Borrower or if the precise amount of insurance proceeds allocable to Inventory as compared to Equipment, Fixtures and Real Estate are not otherwise determined, the allocation and application of those proceeds shall be determined by Applicable Agent acting reasonably and in good faith, provided that no Canadian Credit Parties shall make any payments to any persons other than Canadian Lenders or Canadian L/C Issuers.
Application of Prepayments from Insurance Proceeds. To the extent not reinvested in the business, prepayments from insurance in accordance with Section 2.2 or condemnation proceeds shall be applied in accordance with Section 1.5(e).
Application of Prepayments from Insurance Proceeds. Prepayments from -------------------------------------------------- insurance proceeds in accordance with Section 5.4(c) shall be applied first, to --------------- the Swing Line Loans and, second, to the Revolving Credit Advances. Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance proceeds in accordance with Section 5.4(c) shall be applied as follows: insurance proceeds from casualties or losses to cash or Inventory shall be applied first, to the Swing Line Loans; second, to the Revolving Credit Advances consisting of Index Rate Loans; and third, to the Revolving Credit Advances consisting of LIBOR Loans; insurance proceeds from casualties or losses to Equipment, Fixtures and Real Estate shall be applied to scheduled installments of the Term Loan in inverse order of maturity. Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments. If the precise amount of insurance proceeds allocable to Inventory as compared to Equipment, Fixtures and Real Estate are not otherwise determined, the allocation and application of those proceeds shall be determined by Agent, subject to the approval of Requisite Lenders.
Application of Prepayments from Insurance Proceeds. Prepayments from insurance in accordance with Section 2.2 or condemnation proceeds shall be applied as follows: insurance proceeds from casualties or losses to cash, Parts and Supplies, Equipment, Fixtures and Real Estate shall be applied first, to the Swing Line Loans and second to the Revolving Credit Advances of the Borrower that incurred such casualties with losses and then to the Swing Line Loans and last to the Revolving Credit Advances of the other Borrowers (pro rata in each case). Neither the Revolving Loan Commitment nor the Swing Line Loan Commitment shall be permanently reduced by the amount of any such prepayments.
