Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied as specified by Borrower in the applicable notice of prepayment; provided that in the event Borrower fails to specify the Loans to which any prepayment shall be applied, such prepayment shall be applied to repay outstanding Revolving Loans to the full extent thereof (but without any reduction in the Revolving Loan Commitments).
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Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4B(i2.4A(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, second to repay outstanding Revolving Loans to the full extent thereof (but without any reduction and third to repay outstanding Term Loans in the Revolving Loan Commitments)inverse order of maturity.
Appears in 2 contracts
Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4B(i2.4A(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 (but without any reduction in the Revolving Loan Commitments)thereof.
Appears in 2 contracts
Samples: Credit Agreement (Jones Financial Companies LLLP), Credit Agreement (Unitrin Inc)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4B(i2.4A(i) shall be applied as specified by Borrower Company in the applicable notice of prepayment; provided that in the event 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 (but without any reduction in the Revolving Loan Commitments)thereof.
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Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4B(iSubsection 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 (but without any reduction in the Revolving Loan Commitments)thereof.
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