Common use of Application of Prepayments Reductions Clause in Contracts

Application of Prepayments Reductions. (a) APPLICATION OF VOLUNTARY PREPAYMENTS BY TYPE OF LOANS. Any prepayment of any Loan pursuant to Section 2.12(a) shall be applied as specified by Company in the applicable notice of prepayment; PROVIDED, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

Application of Prepayments Reductions. (a) APPLICATION OF VOLUNTARY PREPAYMENTS BY TYPE OF LOANSApplication of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.11(a) shall be applied as specified by Company in the applicable notice of prepayment; PROVIDEDprovided, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:: first, to repay outstanding Swing Line Loans to the full extent thereof; and second, to repay outstanding Revolving Loans to the full extent thereof.

Application of Prepayments Reductions. (a) APPLICATION OF VOLUNTARY PREPAYMENTS BY TYPE OF LOANSApplication of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by the Company in the applicable notice of prepayment; PROVIDEDprovided, in the event the Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

Application of Prepayments Reductions. (a) APPLICATION OF VOLUNTARY PREPAYMENTS BY TYPE OF LOANSApplication of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by Company in the applicable notice of prepayment; PROVIDEDprovided, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: