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

Application of Voluntary Prepayments of Loans. Any prepayment of any Revolving Loan pursuant to Section 2.13 shall be applied to repay outstanding Revolving Loans to the full extent thereof. Any prepayment of any Term Loan pursuant to Section 2.13 shall be applied as directed by Borrower.

Application of Voluntary Prepayments of Loans. Any prepayment of any Revolving Loan pursuant to Section 2.13 2.12 shall be applied to repay the applicable outstanding Revolving Loans to the full extent thereof; provided, that, all such prepayments of the Revolving Loans shall be applied first, to the principal amount of Revolving A Loans outstanding at such time, and second, to the principal amount of Revolving B Loans outstanding at such time. Any voluntary prepayment of any Tranche A Term Loan pursuant to Section 2.13 2.12 shall be applied as directed by Borrowerto repay the Tranche A Term Loans.

Application of Voluntary Prepayments of Loans. Any prepayment of any Revolving Loan pursuant to Section 2.13 2.12 shall be applied to repay outstanding Revolving Loans to the full extent thereof. Any voluntary prepayment of any Term Loan pursuant to Section 2.13 2.12 shall be applied as directed by Borrowerto repay outstanding Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); provided, however, that no Term Loan may be voluntarily prepaid at any time when any Revolving Loans are outstanding.

Application of Voluntary Prepayments of Loans. Any prepayment of any Revolving Loan pursuant to Section 2.13 2.12 shall be applied to repay outstanding Revolving Loans to the full extent thereof; provided that no Revolving Loans may be voluntarily prepaid at any time when the principal amount of any Working Capital Loan is outstanding. Any voluntary prepayment of any Term Loan pursuant to Section 2.13 2.12 by or on behalf of the Borrowers shall be applied as directed by Borrowerto repay the Tranche A Term Loans until paid in full, and then the Tranche B Term Loans.