Application of Voluntary Prepayments of Loans. Any voluntary prepayment of any Loan pursuant to Section 2.9 shall be applied, first, to the payment of all expenses and fees (other than the Payment Premium) then due and owing to the full extent thereof, second, to the payment of the Payment Premium, if any, on any Loan, and third to repay outstanding Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof).
Appears in 3 contracts
Samples: Collateral Agreement (Cit Group Inc), Lease Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)
Application of Voluntary Prepayments of Loans. Any voluntary prepayment of any Loan pursuant to Section 2.9 shall be applied, first, to the payment of all expenses and fees (other than the Payment Premium) then due and owing to the full extent thereof, second, to the payment of the Payment Premium, if any, on any Loan, and third applied to repay all outstanding Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof)) to reduce ratably the remaining installments of principal of such Loans.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Kv Pharmaceutical Co /De/), Credit and Guaranty Agreement (Kv Pharmaceutical Co /De/)
Application of Voluntary Prepayments of Loans. Any voluntary prepayment of any Loan pursuant to Section 2.9 shall be applied, first, to the payment of all expenses and fees (other than the Payment Premium) then due and owing to the full extent thereof, second, to the payment of the Payment Premium, if any, on any Loan, and third applied to repay all outstanding Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof).
Appears in 1 contract
Samples: Guaranty and Security Agreement (Kv Pharmaceutical Co /De/)
Application of Voluntary Prepayments of Loans. Any voluntary prepayment of any Loan of any Tranche pursuant to Section 2.9 shall be applied, first, to the payment of all expenses and fees (other than the Payment Premium) then due and owing to the full extent thereof, second, to the payment of the Payment Premium, if any, on any LoanLoan of such Tranche, and third to repay outstanding Loans of such Tranche on a pro rata basis (in accordance with the respective outstanding principal amounts thereof).
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