Common use of Application of Prepayments Clause in Contracts

Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid pursuant to Section 3.3(b) shall be applied first to Loans and second to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.14.

Appears in 7 contracts

Samples: 364 Day Revolving Credit Agreement (Polaris Industries Inc/Mn), Multi Year Revolving Credit Agreement (Polaris Industries Inc/Mn), Credit Agreement (Polaris Industries Inc/Mn)

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Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid paid pursuant to Section 3.3(b) shall be applied first to Loans and second to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans. Amounts prepaid on account of Term Loans in direct order of Interest Period maturitiesmay not be reborrowed. All prepayments hereunder shall be subject to Section 3.143.13.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Brandywine Operating Partnership Lp /Pa), Term Loan Credit Agreement (Brandywine Operating Partnership Lp /Pa), Term Loan Credit Agreement (Brandywine Realty Trust)

Application of Prepayments. All amounts required to be paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid pursuant to Section 3.3(b3.3(b)(i) shall be applied first to Revolving Loans and second to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications application set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.14.

Appears in 2 contracts

Samples: Credit Agreement (Riddell Sports Inc), Credit Agreement (Varsity Spirit Corporation)

Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid paid pursuant to Section Sections 3.3(a) and 3.3(b) shall be applied first to Loans Revolving Loans, and second to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Eurocurrency Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.14.

Appears in 1 contract

Samples: Credit Agreement (Dispatch Management Services Corp)

Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid paid pursuant to this Section 3.3(b) shall be applied first to Revolving Loans, second to Swingline Loans and second third to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth aboveforegoing parameters, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.143.15 and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Appears in 1 contract

Samples: Credit Agreement (Ryans Family Steakhouses Inc)

Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid pursuant to Section 3.3(b) shall be applied first to Term Loans, second to Revolving Loans and second third to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.14.

Appears in 1 contract

Samples: Credit Agreement (Polaris Industries Inc/Mn)

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Application of Prepayments. All amounts required to be paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid pursuant to Section 3.3(b3.3(b)(i)(A) shall be applied first to Revolving-A Loans (first to Base Rate Loans and then to Eurocurrency Loans in direct order of Interest Period maturities), second to Swing Line Loans and third to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments All amounts required to be paid pursuant to Section 3.3(b)(i)(B) shall be applied first to Base Rate Loans and then to Eurodollar Eurocurrency Loans in direct order of Interest Period maturities. All prepayments hereunder shall be subject to Section 3.14.

Appears in 1 contract

Samples: Credit Agreement (Fruit of the Loom Inc /De/)

Application of Prepayments. All amounts paid pursuant to Section 3.3(a), if the Borrower has not otherwise elected an application of such amounts, and all amounts required to be prepaid paid pursuant to Section 3.3(b) shall be applied first to Revolving Loans and second to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications application set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturitiesLoans. All prepayments hereunder shall be subject to Section 3.14.

Appears in 1 contract

Samples: Credit Agreement (Integrated Living Communities Inc)

Application of Prepayments. All amounts paid pursuant to Section 3.3(a)3.3(b)(i) and, solely if the Borrower has not otherwise elected an application of such amountsamounts as contemplated in Section 3.3(a), and all amounts required to be prepaid paid pursuant to Section 3.3(b3.3(a) shall be applied first to Swing Line Loans, second, to Revolving Loans (first to Base Rate Loans and second then to Eurocurrency Rate Loans in direct order of Interest Period maturities) and third, to a cash collateral account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments hereunder under this Section 3.3 shall be subject to Section 3.14.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

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