Common use of Application of Voluntary Prepayments by Type of Loans Clause in Contracts

Application of Voluntary Prepayments by Type of Loans. Subject to Section 2.17(h), any prepayment of any Loan pursuant to Section 2.14(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided, in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof; and third, to prepay the Term Loans on a pro rata basis to reduce the scheduled remaining Installments of principal of the Term Loans.

Application of Voluntary Prepayments by Type of Loans. Subject to Section 2.17(h), any Any prepayment of any Loan pursuant to Section 2.14(a2.13(a) shall be applied as specified by Borrower Borrowers in the applicable notice of prepayment; provided, in the event Borrower fails Borrowers fail to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof; and thirdsecond, to prepay Term Loans, if any, on a pro rata basis (in accordance with the Term Loans respective outstanding principal amounts thereof); and further applied on a pro rata basis to reduce the scheduled remaining Installments installments of principal of the Term Loans.

Application of Voluntary Prepayments by Type of Loans. Subject to Section 2.17(h), any Any prepayment of any Loan pursuant to Section 2.14(a2.13(a) shall be applied as specified by Borrower Borrowers in the applicable notice of prepayment; provided, in the event Borrower fails Borrowers fail to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof; and third, to prepay the Term Loans on a pro rata basis to reduce the scheduled remaining Installments of principal of the Term Loans.

Application of Voluntary Prepayments by Type of Loans. Subject to Section 2.17(h), any Any prepayment of any Loan pursuant to Section 2.14(a2.13(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided, provided that in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof; and third, to prepay the Term Loans on a pro rata basis to and reduce the scheduled remaining Installments of principal of the Term LoansLoans on a pro rata basis.

Application of Voluntary Prepayments by Type of Loans. Subject to Section 2.17(h), any Any prepayment of any Loan pursuant to Section 2.14(a2.13(a) shall be applied to the remaining Installments of principal of the Loans as specified by Borrower in the applicable notice of prepayment; provided, in the event Borrower fails to specify the Installments of principal of the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof; and third, to prepay the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied on a pro rata basis to reduce the scheduled remaining Installments of principal of the Tranche A Term Loans and Tranche B Term Loans.