Common use of Application of Voluntary Prepayments Clause in Contracts

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates.

Appears in 20 contracts

Samples: Credit Agreement (Townsquare Media, LLC), Credit Agreement (Westwood One Inc /De/), Credit Agreement (Assisted Living Concepts Inc)

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Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower (including optional prepayments pursuant to Section 2.7) shall be applied to repay the Obligations as the Borrower designates.

Appears in 6 contracts

Samples: Guaranty and Security Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 2.6 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower Borrowers shall be applied to repay the Obligations the Borrower designatesBorrowers designate, and shall be paid pro rata by the Administrative Agent to the Lenders.

Appears in 4 contracts

Samples: Credit Agreement (Emeritus Corp\wa\), Credit Agreement (Emeritus Corp\wa\), Credit Agreement (Emeritus Corp\wa\)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any U.S. Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower pursuant to Section 2.7 shall be applied to repay the U.S. Secured Obligations the Borrower designatesdesignates or, if no such direction is given, applied as provided in Section 2.12(d) hereto.

Appears in 3 contracts

Samples: Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent Lenders from or for the benefit of the Borrower shall be applied to repay the such Obligations as the Borrower designates.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Clearlake Capital Partners, LLC), Second Lien Credit Agreement (Goamerica Inc)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 2.9 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent Purchasers from or for the benefit of the Borrower Issuer shall be applied to repay the Obligations the Borrower Issuer designates.

Appears in 2 contracts

Samples: Senior Subordinated Note Purchase Agreement (Princeton Review Inc), Bridge Note Purchase Agreement (Princeton Review Inc)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 2.10 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower Borrowers shall be applied to repay the Obligations the Borrower designatesBorrowers so designate.

Appears in 1 contract

Samples: Loan and Security Agreement (MMC Energy, Inc.)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 2.9 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower Borrowers shall be applied to repay the Obligations the Borrower designatesBorrowers designate.

Appears in 1 contract

Samples: Credit Agreement (Palm Harbor Homes Inc /Fl/)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Financing Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates.

Appears in 1 contract

Samples: Credit Agreement (DynaVox Inc.)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designatesObligations.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates, and in the case of optional prepayments of the Term Loans, absent any designation, to installments of the Term Loans in direct order of maturity.

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations as the Borrower designates.

Appears in 1 contract

Samples: Credit Agreement (SXC Health Solutions Corp.)

Application of Voluntary Prepayments. Unless otherwise provided in Section 2.6(b), this Section 2.12 2.9 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent Lender from or for the benefit of the Borrower shall be applied to repay the Obligations Obligation of the Borrower designatesBorrower.

Appears in 1 contract

Samples: Credit Loan Agreement (First Trinity Financial CORP)

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Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower Borrowers shall be applied to repay the Obligations the Borrower Representative designates.

Appears in 1 contract

Samples: Credit Agreement (Princeton Review Inc)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower pursuant to Section 2.7 shall be applied to repay the Obligations the Borrower designates.; provided that all prepayments pursuant to this Section 2.12(a) that are to be applied to the Term Loans shall be applied pro 66 [[3883514]]

Appears in 1 contract

Samples: Execution Version First (White Mountains Insurance Group LTD)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates; provided, however that in no event shall any interest (other than interest paid in kind) or principal of any Initial Term Loans be paid prior to payment in full of the Supplemental Loans.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Dial Global, Inc. /De/)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates.. CREDIT AGREEMENT DUFF & XXXXXX, LLC

Appears in 1 contract

Samples: Credit Agreement (Duff & Phelps Corp)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of Borrower as a voluntary prepayment of the Borrower Term Loan shall be applied to repay the Obligations the Borrower designatesas directed by Borrower.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (PROS Holdings, Inc.)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the such Obligations as the Borrower designates.

Appears in 1 contract

Samples: Credit Agreement (Goamerica Inc)

Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates. CREDIT AGREEMENT WESTWOOD ONE, INC.

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

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