Common use of Application of Voluntary Prepayments Clause in Contracts

Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.

Appears in 2 contracts

Samples: Credit Agreement (Jones Financial Companies LLLP), Credit Agreement (Unitrin Inc)

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Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereofthereof and third to repay outstanding Term Loans in inverse order of maturity.

Appears in 2 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)

Application of Voluntary Prepayments. (1) Any voluntary prepayments pursuant to subsection 2.4A(i2.4A(i)(a) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Revolving Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Unified Grocers, Inc.)

Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection Subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies LLLP)

Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied to the Revolving Loans as specified by the Borrower Company in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc /New/)

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Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i2.4B(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.thereof (but without any reduction in the Revolving Loan Commitments). (b)

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i2.4B(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereofthereof (but without any reduction in the Revolving Loan Commitments).

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower Company in the applicable notice of prepayment; provided that in the event the Borrower Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

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