Common use of Application of Voluntary Prepayments and Repurchases Clause in Contracts

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts of such Installments)); provided that any prepayment of Borrowings of any Class as contemplated by Section 2.21(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be. Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 with respect to Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 4 contracts

Samples: Credit and Guaranty Agreement, Credit and Guaranty Agreement (Alon USA Energy, Inc.), Credit and Guaranty Agreement (Alon USA Energy, Inc.)

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Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Term Borrowings of any Class pursuant to Section 2.10(a2.12(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Term Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Term Borrowings of any Class as contemplated by Section 2.21(b2.25(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Term Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be2.25(c). Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Term Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Entegris Inc), Counterpart Agreement (Fusion Connect, Inc.), Pledge and Security Agreement (Fusion Connect, Inc.)

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a2.12(a) shall (i) be allocated among the Classes of Borrowings as directed by the Borrower and within each Class of Borrowings on a pro rata basis and (ii) be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Borrowings of any Class as contemplated by Section 2.21(b2.25(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be2.25(c). Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (PetIQ, Inc.), Term Credit and Guaranty Agreement (PetIQ, Inc.)

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a2.13(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Borrowings of any Class as contemplated by Section 2.21(b2.26(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be2.26(b). Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Entegris Inc)

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Term Borrowings of any Class pursuant to Section 2.10(a2.13(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Term Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Term Borrowings of any Class as contemplated by Section 2.21(b2.26(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Term Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be2.26(c). Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Term Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tivity Health, Inc.)

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Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a2.12(a) shall shall, in the case of Loans of any Class subject to scheduled amortization of principal, be applied to reduce the any subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Borrowings of any such Class as contemplated by Section 2.21(b2.25(b) or 2.22 shall be applied to reduce the any subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be2.25(c). Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i) shall shall, in the case of Loans of any Class subject to scheduled amortization of principal, be applied to reduce the any subsequent Installments to be paid pursuant to Section 2.9 2.11 with respect to Borrowings of such Class in the manner specified in Section 10.6(i).

Appears in 1 contract

Samples: Counterpart Agreement (Fusion Connect, Inc.)

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a2.13(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Borrowings of any Class as contemplated by Section 2.21(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be. Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i2.26(b) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified in Section 10.6(i2.26(b).. Any acquisition of Loans of any Class by Holdings, the Borrower or any Subsidiary as contemplated by Section 10.6(k) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.12 with respect to Borrowings of such Class in the manner specified in Section 10.6(k). Notwithstanding anything to the contrary contained herein, (x) the Amendment No. 3

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (QualTek Services Inc.)

Application of Voluntary Prepayments and Repurchases. Any voluntary prepayment of Borrowings of any Class pursuant to Section 2.10(a2.13(a) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such Class in the manner specified by the Borrower in the notice of prepayment relating thereto (or, if no such manner is specified in such notice, on a pro rata basis (in accordance with the principal amounts direct order of such Installments)maturity); provided that any prepayment of Borrowings of any Class as contemplated by Section 2.21(b) or 2.22 shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 with respect to Borrowings of such Class in the manner specified in Section 2.21(b) or 2.22, as the case may be. Any repurchase of Term Loans of any Class as contemplated by Section 10.6(i2.26(b) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.9 2.12 with respect to Borrowings of such ​ Class in the manner specified in Section 2.26(b). Any acquisition of Loans of any Class by Holdings, the Borrower or any Subsidiary as contemplated by Section 10.6(k) shall be applied to reduce the subsequent Installments to be paid pursuant to Section 2.12 with respect to Borrowings of such Class in the manner specified in Section 10.6(i10.6(k).

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (QualTek Services Inc.)

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