Application of Proceeds of Prepayments. Prepayments made pursuant to clause (i) above shall be applied to the Revolving Loans without any reduction in the Revolving Loan Commitments. Prepayments made pursuant to clause (ii) above shall be applied pro rata to all of the Loans (which, with respect to the Term Loans, shall be applied in the inverse order of maturity), with a permanent reduction of the Revolving Loan Commitments in the amount of the prepayment applied to the Revolving Loans. Prepayments made pursuant to clause (iii) and (iv) above, except for the Equity Investment and Equity Investment Surplus, shall be applied pro rata to all of the Loans (which, with respect to the Term Loans, shall be applied in the inverse order of maturity) with a permanent reduction of the Revolving Loan Commitments in the amount of the prepayment applied to the Revolving Loans. Prepayments made pursuant to the Equity Investment (less the Permitted Expenses) shall be applied to the Term Loans on a pro rata basis in the inverse order of maturity. Prepayments made pursuant to the Equity Investment Surplus (which prepayment is understood to be limited to fifty percent (50%) of (A) the gross proceeds of the Equity Investment Surplus less (B) the Excess Permitted Expenses) shall be applied pro rata to all of the Loans (which, with respect to the Term Loans, shall be applied in the inverse order of maturity), with a permanent reduction of the Revolving Loan Commitments in the amount of the prepayment applied to the Revolving Loans. Prepayments made pursuant to clause (vi) shall be applied pro rata to all of the Loans (which, with respect to the Term Loans, shall be applied in the inverse order of maturity), with a permanent reduction of the Revolving Loan Commitments in the amount of the prepayment applied to the Revolving Loans. Anything herein to the contrary notwithstanding, so long as any Tranche A Term Loan or Tranche B Term Loan is outstanding, any holder of a Tranche C Term Loan shall have the right to refuse to be prepaid its portion of any prepayment pursuant to this Section 2.07(b). In such event, the prepayment refused by such holder of a Tranche C Term Loan shall be allocated as provided in this clause (v) to Loans other than Tranche C Term Loans.
Application of Proceeds of Prepayments. All prepayments of the Secured Obligations pursuant to this SECTION 4.9 shall be applied to the outstanding Revolving Credit Loans, to the extent thereof, then to the other Secured Obligations, PROVIDED that payments shall be first applied to Prime Rate Loans to the extent thereof and then to LIBOR Loans and any payments received which would otherwise result in the prepayment of LIBOR Loans prior to the end of the Interest Period applicable thereto may, upon the request of the Borrowers' Agent, in the absence of an Event of Default, be applied to the Cash Collateral Account, with any excess to be deposited with the Agent to be held as Cash Collateral for the Secured Obligations and applied by the Agent from time to time to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or, after the Termination Date, to any of the Secured Obligations as set forth in SECTION 4.8(D).
Application of Proceeds of Prepayments. All prepayments of -------------------------------------- Loans pursuant to this Section 5.4(a) shall be accompanied by an -------------- appropriate notice of prepayment in accordance with Section 5.3 and, ----------- except to the extent otherwise provided in clause (i), shall be ---------- applied to the Term Loans, pro rata with respect to each remaining installment of principal, until the Term Loans are paid in full. Upon payment of the Term Loans in full, the prepayments made pursuant to this Section 5.4(a) shall be applied to permanently reduce the -------------- Revolving Commitments.
Application of Proceeds of Prepayments. All prepayments pursuant to this SECTION 5.9 shall be applied first to the outstanding principal of the Term Loan, to the extent thereof, and then to the outstanding Revolving Credit Loans and other Secured Obligations to the extent thereof, PROVIDED that payments shall be first applied to Prime Rate Loans to the extent thereof and then to LIBOR Loans and any payments received which would otherwise result in the prepayment of LIBOR Loans prior to the end of the Interest Period applicable thereto may, upon the request of the Borrowers' Agent, in the absence of an Event of Default, be deposited with the Agent to be held as Cash Collateral for the Secured Obligations and applied by the Agent from time to time to the repayment of such LIBOR Loans at the end of the Interest Period applicable thereto, to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or, after the Termination Date, to any of the Secured Obligations in such manner as the Agent shall determine in its sole discretion. All prepayments of the Term Loan shall be applied to the principal installments payable thereon in inverse order of maturity. All proceeds of the sale of the PVH Inventory pursuant to the PVH Inventory Purchase Contract, and all proceeds of the sale of the Andalusia Equipment, shall be applied to outstanding Revolving Credit Loans to the extent thereof.
Application of Proceeds of Prepayments. All prepayments of the Secured Obligations pursuant to this SECTION 4.9 shall be applied to the outstanding Revolving Credit Loans, to the extent thereof, then to the other Secured Obligations, PROVIDED that payments shall be first applied to Prime Rate Loans to the extent thereof and then to LIBOR Loans and any payments received which would otherwise result in the prepayment of LIBOR Loans prior to the end of the Interest Period applicable thereto may, upon the request of the Borrowers' Agent, in the absence of an Event of Default, be applied to the Cash Collateral Account, with any excess to be deposited with the Agent to be held as Cash Collateral for the Secured Obligations and applied by the Agent from time to time to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or, after the Termination Date, to any of the Secured Obligations in such manner as the Agent shall determine in its sole discretion.
Application of Proceeds of Prepayments. All prepayments pursuant to this SECTION 5.11 shall be accompanied by an appropriate Notice of Borrowing and, except as provided otherwise by SECTION 5.11(a), shall be applied first to the outstanding Revolving Credit Loans to the extent thereof, with any excess to be deposited with Agent to be held as Cash Collateral for the Secured Obligations and applied by Agent from time to time to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or other Secured Obligations in such manner as Agent shall determine in its discretion.
Application of Proceeds of Prepayments. Prepayments made in accordance with this Section 2.5 shall be applied in the following order: first, at all times, to the prepayment of the outstanding principal amount of the Loans and any other amounts then due and payable under this Agreement ratably in accordance with Section 2.12(b) until paid in full and second, at all times, to cash collateralize the remaining Letter of Credit Obligations then outstanding under this Agreement in full.
Application of Proceeds of Prepayments. All prepayments of Loans pursuant to this Section 4.3(a) shall be accompanied by an appropriate notice of prepayment in accordance with Section 4.2 and shall be applied (A) to the outstanding principal of the Loans until the Loans are paid in full, then (B) to the outstanding accrued interest on the Loans, and then (C) to the other Obligations outstanding under this Agreement and the other Loan Documents; provided that unless the aggregate outstanding principal of the Loans is equal to or less than the aggregate remaining principal installments required by Section 2.3(a), prepayments pursuant to this Section 4.3(a) shall be applied to the Loans without any reduction in the remaining principal installments required by Section 2.3(a); provided further that if the aggregate outstanding principal of the Loans is equal to or less than the aggregate remaining principal installments required by Section 2.3(a), prepayments pursuant to this Section 4.3(a) shall be applied to the remaining principal installments in inverse order of due date of such installments.
Application of Proceeds of Prepayments. All prepayments pursuant to this SECTION 4.9 shall be applied to the outstanding Revolving Credit Loans to the extent thereof, PROVIDED that payments shall be first applied to Prime Rate Loans to the extent thereof and then to Eurodollar Rate Loans and any payments received which would otherwise result in the prepayment of Eurodollar Rate Loans prior to the end of the Interest Period applicable thereto may, upon the request of the Borrowers, in the absence of an Event of Default, be applied to the Cash Collateral Account, with any excess to be deposited with the Agent to be held as Cash Collateral for the Secured Obligations and applied by the Agent from time to time to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or, after the Termination Date, to any of the Secured Obligations in such manner as the Agent shall determine in its sole discretion.
Application of Proceeds of Prepayments. All prepayments pursuant to this SECTION 5.8 shall be applied in the manner described in SECTION 4.6, with any excess to be deposited with the Agent to be held as Cash Collateral for the Secured Obligations and applied by the Agent from time to time to outstanding Revolving Credit Loans promptly upon the making of such Revolving Credit Loans or, after the Termination Date, to any of the Secured Obligations in such manner as the Agent shall determine in its sole discretion.
