Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12 shall be applied to prepay Term Loans on a pro rata basis to the remaining scheduled Installments of principal of the Term Loans.
Appears in 5 contracts
Samples: Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12 2.10 shall be applied to the principal repayment installments thereof as specified by the Borrower in the applicable notice of prepayment (and absent such direction in direct order of maturity); provided, any such prepayment of the Term Loans shall be applied to prepay the Term Loans of each of the Lenders on a pro rata basis to (in accordance with the remaining scheduled Installments of respective outstanding principal of the Term Loansamounts thereof).
Appears in 4 contracts
Samples: Credit and Guaranty Agreement (2U, Inc.), Term Loan Credit and Guaranty Agreement (2U, Inc.), First Lien Credit and Guaranty Agreement (Airbnb, Inc.)
Application of Voluntary Prepayments. Any prepayment of any Term Loan pursuant to Section 2.12 2.10(a) shall be applied to prepay the Term Loans on a pro rata basis to in direct order of maturity of the scheduled remaining scheduled Installments of principal of the Term Loans.
Appears in 3 contracts
Samples: Credit Agreement (New Fortress Energy LLC), Credit Agreement (New Fortress Energy LLC), Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)
Application of Voluntary Prepayments. Any Subject to Section 2.13(f), any prepayment of any Loan pursuant to Section 2.12 2.10 shall be applied to prepay Term Loans on a pro rata basis to across all Classes of Term Loans (in accordance with the remaining scheduled Installments of respective outstanding principal of the Term Loansbalances thereof).
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Ascend Wellness Holdings, LLC), Credit and Guaranty Agreement
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12 2.10 shall be applied to the principal repayment installments thereof as specified by the Borrower in the applicable notice of prepayment (and absent such direction in direct order of maturity); provided, any such prepayment of the Loans shall be applied to prepay Term the Loans of each of the Lenders on a pro rata basis to (in accordance with the remaining scheduled Installments of respective outstanding principal of the Term Loansamounts thereof).
Appears in 2 contracts
Samples: Debt and Guaranty Agreement (2U, Inc.), Restructuring Support Agreement (2U, Inc.)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12 shall be applied to prepay Term Loans as directed by the Borrower to the remaining scheduled Installments of principal of the Term Loans, or in the absence of such direction on a pro rata basis to the remaining scheduled Installments of principal of the Term Loans.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Hydrofarm Holdings Group, Inc.), Amendment and Restatement Agreement (Douglas Dynamics, Inc)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12 2.13(a) shall be applied applied, at a Borrower’s sole discretion, to prepay Revolving Loans or the Term Loans on a pro rata basis to (in accordance with the remaining scheduled Installments of respective outstanding principal of the Term Loansamounts thereof).
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)
Application of Voluntary Prepayments. Any prepayment of any Term Loan pursuant to Section 2.12 2.13 shall be applied to prepay the Term Loans on a pro rata basis to (in accordance with the remaining scheduled Installments of respective outstanding principal of the Term Loansamounts thereof).
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)
Application of Voluntary Prepayments. Any prepayment of any Loan Term Loans pursuant to (i) Section 2.12 shall be applied to prepay Term Loans on a among the remaining scheduled installments thereof as directed by Borrower in the applicable notice of prepayment and (ii) Section 2.13 shall be applied pro rata basis to the remaining scheduled Installments of principal of the Term Loansinstallments thereof.
Appears in 1 contract
Samples: Term Loan and Guaranty Agreement (Fedders Corp /De)
Application of Voluntary Prepayments. Any prepayment of any Term Loan pursuant to Section 2.12 2.10 shall be applied 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 scheduled Installments of principal of the Term Loans.
Appears in 1 contract
