Common use of Application of Prepayments Clause in Contracts

Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series pursuant to paragraphs 4A or 4B, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 4 contracts

Samples: Amended and Restated Note Purchase and Private Shelf Agreement (Oil-Dri Corp of America), Note Purchase and Private Shelf Agreement (Nordson Corp), Note Purchase and Private Shelf Agreement (Nordson Corp)

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Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series the series to be prepaid pursuant to paragraphs 4A or 4B, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 3 contracts

Samples: Master Note Purchase Agreement (Nordson Corp), Master Note Purchase Agreement, Master Note Purchase Agreement (Nordson Corp)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series pursuant to paragraphs 4A 4A(1), 4A(2) or 4B, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Centerspace), Private Shelf Agreement (Advanced Drainage Systems, Inc.)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding unpaid principal amount of all outstanding Notes of any Series pursuant to paragraphs 4A paragraph 4A, 4B or 4B4C, the principal amount so to be prepaid shall be allocated applied pro rata to all outstanding Notes of such Series at the time outstanding in proportion according to the respective outstanding unpaid principal amounts thereof.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Varian Medical Systems Inc), Note Purchase and Private Shelf Agreement (Varian Inc)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series the series to be prepaid pursuant to paragraphs 4A or 4B4B hereof, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 2 contracts

Samples: Master Note Purchase Agreement (Nordson Corp), Master Note Purchase Agreement (Nordson Corp)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding unpaid principal amount of all outstanding Notes of any Series pursuant to paragraphs 4A paragraph 4A(2) (if partial prepayments are required for any Series) or 4B, the principal amount so to be prepaid shall be allocated applied pro rata to all outstanding Notes of such Series at the time outstanding in proportion according to the respective outstanding unpaid principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Alexander & Baldwin, Inc.)

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Application of Prepayments. In the case of each Upon any partial prepayment of less than the entire outstanding principal amount of all Notes of any Series pursuant to paragraphs 4A paragraph 4A, 4B or 4B4C, the principal amount so to be prepaid shall be allocated applied pro rata to all outstanding Notes of such Series at the time outstanding in proportion according to the respective outstanding unpaid principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (American Biltrite Inc)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series pursuant to paragraphs 4A 4A(3) or 4B, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Spartan Motors Inc)

Application of Prepayments. In the case of each prepayment of less than the entire outstanding principal amount of all Notes of any Series pursuant to paragraphs 4A 4A(2) or 4B, the principal amount so prepaid shall be allocated pro rata to all Notes of such Series at the time outstanding in proportion to the respective outstanding principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Nordson Corp)

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