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. Considering Tranche A Term Loans, Tranche B Term Loans and Revolving Loans being prepaid separately, any prepayment 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.

Appears in 4 contracts

Samples: Credit Agreement (Integrated Defense Technologies Inc), Credit Agreement (Vertex Aerospace Inc), Credit Agreement (Integrated Defense Technologies Inc)

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