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

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(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 to prepay the 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.

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied to the remaining Installments of principal of the Loans as specified by Borrower Borrowers in the applicable notice of prepayment; provided, in the event Borrower fails Borrowers fail 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.

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied to the remaining Installments of principal of the Loans as specified by Borrower Borrowers in the applicable notice of prepayment; provided, in the event Borrower fails Borrowers fail 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 Revolving Loans to the full extent thereof; and second, to prepay the Loans Term Loans, if any, 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 installments of principal of the Tranche A Term Loans and Tranche B Term Loans.

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(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: 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 remaining scheduled remaining Installments of principal of the Tranche A Term Loans and Tranche B Term Loans.

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied to the remaining Installments of principal of the Loans as specified by Borrower in the applicable notice of prepayment; provided, provided that 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 Loanson a pro rata basis.