Common use of Application to Loans Clause in Contracts

Application to Loans. With respect to each prepayment of Loans required by Section 5.2(a) or Section 5.2(b), the Borrower may, if applicable, designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided that subject to Section 2.16, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages in respect of the relevant Facility. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.

Application to Loans. With respect to each prepayment of Term Loans required by this Section 5.2(a) or Section 5.2(b)5.02, the Borrower may, if applicable, may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided provided, that subject the Borrower pays any amounts, if any, required to be paid pursuant to Section 2.16, each such prepayment shall be applied 2.11 with respect to prepayments of Eurodollar Loans made on any date other than the Loans last day of the Lenders in accordance with their respective Applicable Percentages in respect of the relevant Facilityapplicable Interest Period. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.