Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and 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: (i) first, to repay outstanding Revolving Loans to the full extent thereof (without a corresponding reduction of the Revolving Commitments); and (ii) second, to prepay the Term Loans, on a pro rata basis. Any prepayment of any Term Loan pursuant to Section 2.12(a) shall be further applied on a pro rata basis to reduce the scheduled remaining Installments of principal on such Term Loan.
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Samples: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)
Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and 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:
(i) first, to repay outstanding Swingline Loans to the full extent thereof;
(ii) second, to repay outstanding Revolving Loans to the full extent thereof (without a corresponding reduction of the Revolving Commitments); and
(iiiii) secondthird, to prepay the Term Loans, on a pro rata basis. Any prepayment of any Term Loan pursuant to Section 2.12(a2.13(a) shall be further applied on a pro rata basis to reduce the scheduled remaining Installments of principal on such Term Loan.
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Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.10(a) shall be applied as specified by Borrower in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and provided thatprovided, in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:
(i) applied, first, to repay outstanding Incremental Revolving Loans (if any, including any swing line loans made thereunder in the order set forth in the Incremental Amendment) to the full extent thereof (without a corresponding reduction of in the Incremental Revolving Commitments); and
(ii) , and second, to prepay the Term Loans, on a pro rata basis. Any prepayment of any Term Loan pursuant to Section 2.12(a) shall be further applied Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied to reduce the scheduled remaining Installments of principal on such Term Loanof the Loans in direct order of maturity.
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Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a) shall be applied as specified by Borrower Company in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and provided thatprovided, in the event Borrower Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:
(i) : first, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans to the full extent thereof (without a corresponding reduction of the Revolving Commitments)thereof; and
(ii) secondand third, to prepay repay the Term Loans, Loans on a pro rata basisbasis (in accordance with the outstanding principal amounts) and shall be further applied on a pro rata basis to each scheduled Installment of principal of the Term Loans. Any prepayment of any Term Loan pursuant to Section 2.12(a) shall be further applied on a pro rata basis to reduce the scheduled remaining Installments installments of principal on such Term LoanLoans.
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Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by the applicable Borrower in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and provided thatprovided, in the event such Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:
(i) : first, with respect to the U.S. Borrower, to repay outstanding Swing Line Loans to the full extent thereof; second, to repay outstanding Revolving Loans of the applicable Borrower, on a pro rata basis (in accordance with the respective outstanding principal amounts thereof), to the full extent thereof (without a corresponding reduction of the Revolving Commitments)thereof; and
(ii) secondand third, to prepay the Term LoansLoans of the applicable Borrower, on a pro rata basis. Any prepayment of any Term Loan pursuant to Section 2.12(a) shall be 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 on such of the Term LoanLoans.
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Samples: First Lien Credit and Guaranty Agreement (Solera Holdings LLC)