Common use of Application of Prepayments of Term Loans Clause in Contracts

Application of Prepayments of Term Loans. (i) Any prepayment of the Term Loan pursuant to Section 2.9 shall be applied as specified by Company pursuant to a written notice to Administrative Agent; provided that in the event Company fails to specify how such prepayment shall be applied, such prepayment shall be applied to prepay the Term Loans first, to reduce the scheduled remaining Installments in direct order of maturity. (ii) Except in connection with any Waivable Mandatory Prepayment provided for in Section 2.11(b), so long as no Application Event has occurred and is continuing, any mandatory prepayment of any Loan pursuant to Section 2.10 shall be applied first, to accrued interest and fees with respect to the Term Loans being prepaid and second, to reduce the scheduled remaining Installments on a pro rata basis. After application of mandatory prepayments of Term Loans described in this clause (ii) and to the extent there are mandatory prepayment amounts remaining after such application, such amounts shall be applied first, to the principal of the Term Loans until paid in full and second, to permanently reduce any undrawn Delayed Draw Term Loan Commitment.

Application of Prepayments of Term Loans. (i) Any prepayment of the Term Loan pursuant to Section 2.9 shall be applied as specified by Company Borrower pursuant to a written notice to Administrative Agent; provided that in the event Company Borrower fails to specify how such prepayment shall be applied, such prepayment shall be applied to prepay the Term Loans first, to reduce the scheduled remaining Installments in direct order of maturity. (ii) Except in connection with any Waivable Mandatory Prepayment provided for in Section 2.11(b), so long as no Application Event has occurred and is continuing, any mandatory prepayment of any Loan pursuant to Section 2.10 shall be applied first, to accrued interest and fees with respect to the Term Loans being prepaid and second, to reduce the scheduled remaining Installments on a pro rata basis. After application of mandatory prepayments of Term Loans described in this clause (ii) and to the extent there are mandatory prepayment amounts remaining after such application, such amounts shall be applied first, to the remaining principal of the Term Loans until paid in full and second, to permanently reduce any undrawn Delayed Draw Term Loan Commitmentfull.

Application of Prepayments of Term Loans. (i) Any prepayment of the Term Loan pursuant to Section 2.9 shall be applied as specified by Company Borrower pursuant to a written notice to Administrative Agent; provided that in the event Company Borrower fails to specify how such prepayment shall be applied, such prepayment shall be applied to prepay the Term Loans first, to reduce the scheduled remaining Installments in direct order of maturity. (ii) Except in connection with any Waivable Mandatory Prepayment provided for in Section 2.11(b), so long as no Application Event has occurred and is continuing, any mandatory prepayment of any Loan pursuant to Section 2.10 shall be applied first, to accrued interest and fees with respect to the Term Loans being prepaid and second, to reduce the scheduled remaining Installments on a | pro rata basis. After application of mandatory prepayments of Term Loans described in this clause (ii) and to the extent there are mandatory prepayment amounts remaining after such application, such amounts shall be applied first, to the remaining principal of the Term Loans until paid in full and second, to permanently reduce any undrawn Delayed Draw Term Loan Commitmentfull.