Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a) shall be applied as specified by Borrower Representative in the applicable notice of prepayment; provided, in the event Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:
Appears in 3 contracts
Samples: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)
Application of Voluntary Prepayments. Any Subject to Section 2.15(d), any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall will be applied as specified by the Borrower Representative in the applicable notice of prepayment; providedprepayment and absent any such direction as to the prepayment of such Loans, in the event Borrower Representative fails to specify the Loans to which direct order of maturity; provided that in any such prepayment shall be appliedevent, such any prepayment shall be applied as follows:ratably among holders of the same Class of Loans (or, in the case of any Obligations other than Loans, of the same type of such Obligations).
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (Artivion, Inc.), Credit and Guaranty Agreement (Bioventus Inc.), Credit and Guaranty Agreement (Cryolife Inc)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a) 2.13 shall be applied as specified by Borrower Representative Company in the applicable notice of prepayment; provided, in the event Borrower Representative Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:in the manner set forth in Section 2.15(b).
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Credit and Guaranty Agreement (Reliant Pharmaceuticals, Inc.)
Application of Voluntary Prepayments. Any prepayment of any Term Loan pursuant to Section 2.12(a2.14(a) shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, provided that in the event the Borrower Representative fails to specify the Term Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:to prepay the Term Loans in direct order of maturity of the scheduled remaining Installments of principal of the Term Loans.
Appears in 2 contracts
Samples: Senior Secured Delayed Draw Term Loan Credit Agreement (New Fortress Energy LLC), Senior Secured Delayed Draw Term Loan Credit Agreement (NFE Financial Holdings LLC)
Application of Voluntary Prepayments. Any prepayment of any Loan the Term Loans made pursuant to Section 2.12(a2.9(a) shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, provided that in the event the Borrower Representative fails to specify the Loans to which how any such prepayment shall be applied, such prepayment shall be applied as follows:to reduce the scheduled remaining Installments of the Term Loans in forward order of maturity.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Home Inns & Hotels Management Inc.)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a) 2.12 shall be applied as specified by Borrower Representative Company in the applicable notice of prepayment; provided, in the event Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:.
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Application of Voluntary Prepayments. Any prepayment or purchase of any Loan pursuant to Section 2.12(a) 2.06 shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, in the event Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:.
Appears in 1 contract
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, that in the event the Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:to prepay the Term Loans on a pro rata basis (if applicable and in accordance with the respective outstanding principal amounts thereof).
Appears in 1 contract
Samples: Second Lien Credit and Guaranty Agreement (RadNet, Inc.)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a) 2.11 shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, that in the event the Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:to prepay the Term Loans (in the inverse order of the maturity of the installments due thereunder).
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Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a2.9(a) shall be applied as specified by the Borrower Representative in the applicable notice of prepayment; provided, in the event the Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:to prepay the Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof).
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Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by such Borrower Representative in the applicable notice of prepayment; provided, in the event such Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:: first, subject to Section 2.14(h), to prepay the B Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and second, to repay outstanding Revolving Loans to the full extent thereof.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)
Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.12(a2.13(a) shall be applied as specified by such Borrower Representative in the applicable notice of prepayment; provided, in the event such Borrower Representative fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:: first, to prepay the B Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof); and second, to repay outstanding Revolving Loans to the full extent thereof.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)