Common use of Application of Term B Loan Payments Clause in Contracts

Application of Term B Loan Payments. Subject to Section 2.06(i), any payment made on Term B Loans pursuant to this Section 2.07, Section 2.05 or Section 2.06 shall be applied pro rata to each Lender’s Term B Loans in accordance with such Lender’s Term B Facility Percentage (and, in the case of a Lender with both Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans, allocated ratably among such Lender’s Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Mission Broadcasting Inc)

AutoNDA by SimpleDocs

Application of Term B Loan Payments. Subject to Section 2.06(i2.07(i), any payment made on Term B Loans pursuant to this Section 2.072.08, Section 2.05 2.06 or Section 2.06 2.07 shall be applied pro rata to each Lender’s Bank's Term B Loans in accordance with such Lender’s Bank's Term B Facility Percentage (and, in the case of a Lender Bank with both Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans, allocated ratably among such Lender’s Bank's Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Nexstar Finance Inc)

Application of Term B Loan Payments. Subject to Section 2.06(i2.07(j), any payment made on Term B Loans pursuant to this Section 2.072.08, Section 2.05 2.06 or Section 2.06 2.07 shall be applied pro rata to each Lender’s Bank's Term B Loans in accordance with such Lender’s Bank's Term B Facility Percentage (and, in the case of a Lender Bank with both 57 Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans, allocated ratably among such Lender’s Bank's Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Nexstar Finance Inc)

AutoNDA by SimpleDocs

Application of Term B Loan Payments. Subject to Section 2.06(i2.06(k), any payment made on Term B Loans pursuant to this Section 2.07, Section 2.05 or Section 2.06 shall be applied pro rata to each Lender’s Term B Loans in accordance with such Lender’s Term B Facility Percentage (and, in the case of a Lender with both Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans, allocated ratably among such Lender’s Incremental Term Loans that are Term B Loans and Term B Loans that are not Incremental Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.