Common use of Application of Prepayments to Base Rate Loans and LIBOR Loans Clause in Contracts

Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by Borrower, any prepayment of Loans shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to subsection 2.6D.

Appears in 1 contract

Samples: Credit Agreement (La Quinta Properties Inc)

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Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by Borrower, any Any prepayment of Revolving Loans shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which that minimizes the amount of any payments required to be made by Borrower Company pursuant to subsection 2.6D.

Appears in 1 contract

Samples: Superpriority Debtor in Possession Credit Agreement (Propex Inc.)

Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by BorrowerConsidering Term Loans and Revolving Loans being prepaid separately, any prepayment of Loans thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which minimizes the amount of any payments required to be made by a Borrower pursuant to subsection 2.6D.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by BorrowerConsidering Tranche B Term Loans and Revolving Loans being prepaid separately, any prepayment of Loans thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to subsection 2.6D.Subsection F.3.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Company)

Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by BorrowerConsidering Tranche B Term Loans and Revolving Loans being prepaid separately, any prepayment of Loans thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which that minimizes the amount of any payments required to be made by Borrower Company pursuant to subsection 2.6D.2.7D.

Appears in 1 contract

Samples: Credit Agreement (Propex Fabrics Inc.)

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Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by Borrower, any Any prepayment of Loans shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which that minimizes the amount of any payments required to be made by Borrower Company pursuant to subsection 2.6D.

Appears in 1 contract

Samples: Term Loan Agreement (Bare Escentuals Inc)

Application of Prepayments to Base Rate Loans and LIBOR Loans. Unless the application of such prepayment is otherwise designated by BorrowerConsidering Term Loans and Revolving Loans being prepaid separately, any prepayment of Loans thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to subsection 2.6D.2.6D;

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

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