Common use of Application of Prepayments Reductions Clause in Contracts

Application of Prepayments Reductions. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Base Rate Loans to the full extent thereof; and second, to repay outstanding LIBOR Rate Loans to the full extent thereof.

Application of Prepayments Reductions. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as Unless otherwise specified by the Borrower in the applicable a notice of prepayment; provided that in the event the Borrower fails , (a) any amount to specify the Loans be applied pursuant to which any such prepayment shall be applied, such prepayment Section 2.7A or C shall be applied as follows: firstto prepay Loans to the full extent thereof. (b) considering each Type of Loan being prepaid separately, any prepayment thereof shall be applied first to repay outstanding Base Rate Loans to the full extent thereof; and second, thereof before application to repay outstanding LIBOR Rate Loans Loans, in each case in a manner which minimizes the amount of any payments required to be made by the full extent thereof.Borrower pursuant to Section 2.9C.

Application of Prepayments Reductions. Any prepayment of any Loan pursuant to Section 2.13(a) 2.11 shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Base Rate Loans to the full extent thereof; and second, to repay outstanding LIBOR Rate Term SOFR Loans to the full extent thereof, as the Administrative Agent may determine.