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

Application of Prepayments of Term Loans. to Tranche A Term Loans and Tranche B Term Loans and the Scheduled Installments of Principal Thereof. Any prepayments of the Term Loans pursuant to subsection 2.4B(i) or 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the Tranche B Term Loans on a pro rata basis in accordance with the respective outstanding principal amounts thereof. Any mandatory prepayments applied to the Tranche A Term Loans or the Tranche B Term Loans pursuant to this subsection shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, set forth in subsection 2.4A(i) or 2.4A(ii), respectively, that is unpaid at the time of such prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Account Portfolios Gp Inc), Security Agreement (Outsourcing Solutions Inc)

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Application of Prepayments of Term Loans. to Tranche A Term Loans and Tranche B Term Loans and the Scheduled --------------------------------------------------------- Installments of Principal Thereof. Any prepayments of the Tranche A Term Loans --------------------------------- or Tranche B Term Loans pursuant to subsection 2.4B(i) or 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the or Tranche B Term Loans on a pro rata basis in accordance with the respective outstanding principal amounts thereof. Any mandatory prepayments applied to the Tranche A Term Loans or the Tranche B Term Loans pursuant to this subsection shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, Loans set forth in subsection subsections 2.4A(i) or 2.4A(ii), respectively, that is unpaid at the time of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

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Application of Prepayments of Term Loans. to Tranche A Term Loans and Tranche B Term Loans and the ----------------------------------------------- Scheduled Installments of Principal Thereof. Any prepayments of the ------------------------------------------- Tranche A Term Loans or Tranche B Term Loans pursuant to subsection 2.4B(i) or 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the or Tranche B Term Loans on a pro rata basis in accordance with the respective outstanding principal amounts thereof. Any mandatory prepayments applied to the Tranche A Term Loans or the Tranche B Term Loans pursuant to this subsection shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, Loans set forth in subsection subsections 2.4A(i) or 2.4A(ii), respectively, that is unpaid at the time of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

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