Common use of Application of Release Price Clause in Contracts

Application of Release Price. The Release Price of each Approved Parcel shall be applied, in the Administrative Agent's sole discretion, first to any amounts due hereunder other than interest or principal then due and payable, then to interest then due, and then to the prepayment of principal (first to any Reference Rate Loans then outstanding and then to LIBOR Rate Loans with the shortest Interest Periods remaining). 2.17

Application of Release Price. The Release Price of each Approved Parcel shall be applied, in the Administrative Agent's sole discretion, first to any amounts due hereunder other than interest or principal then due and payable, then to interest then due, and then to the prepayment of principal (first to any Reference Rate Loans then outstanding and then to LIBOR Rate Loans with the shortest Interest Periods remaining). 2.172.16

Application of Release Price. The Release Price of each Approved Parcel shall be applied, in the Administrative Agent's ’s sole discretion, first to any amounts due hereunder and under the other Loan Documents, other than interest or principal then due and payable, then to interest then due, and then to the prepayment of principal (first to any Reference Base Rate Loans then outstanding and then to LIBOR Rate Loans with the shortest Interest Periods remaining). 2.17.

Application of Release Price. The Release Price of each Approved Parcel shall be applied, in the Administrative Agent's sole discretion, first to any amounts due hereunder other than interest or principal then due and payable, then to interest then due, and then to the prepayment of principal (first to any Reference Prime Rate Loans then outstanding and then to LIBOR Rate Loans with the shortest Interest Periods remaining). 2.172.16