Common use of Application to Loans Clause in Contracts

Application to Loans. (i) With respect to each prepayment of Term Loans elected by the Borrowers pursuant to Section 5.01 or required by (d), the Borrowers may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made. In the absence of a designation by the Borrowers 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. Subject to clause (g), each prepayment in respect of any Term Loans pursuant to this Section 5.02 shall be applied ratably to the outstanding Term Loans. (ii) With respect to each prepayment of Revolving Loans elected by the Borrowers pursuant to Section 5.01 or required by (d), the Borrowers may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided, that, subject to Section 2.15, each prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrowers 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. (i) With respect to each prepayment of Term Loans elected by the Borrowers pursuant to under Section 5.01 or required by (d)5.1, the Borrowers may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made. In the absence of a designation by the Borrowers 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. Subject to clause (g), each prepayment in respect of any Term Loans pursuant to this Section 5.02 shall be applied ratably to the outstanding Term Loans. (ii) With respect to each prepayment of Revolving Loans elected by the Borrowers pursuant to Section 5.01 or required by (d), the Borrowers Borrower may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made being repaid and (ii) the Revolving Loans to be prepaid; provided, that, subject prepaid (including whether such prepayment shall be applied to Section 2.15, the Revolving Loans or the Term Loans). provided that (A) each prepayment of any Revolving Loans made pursuant to a Borrowing shall be applied pro rata among such Revolving Loans and each prepayment of any Term Loans made pursuant to a Borrowing shall be applied in forward order of maturity among such Term Loans; provided that any prepayment of Term Loans made pursuant to Section 5.2(e) shall be applied in inverse order of maturity among such Term Loans and (B) notwithstanding the provisions of the preceding clause (A), no prepayment of Loans shall be applied to the Loans of any Defaulting Lender unless otherwise agreed in writing by the Borrower. In the absence of a designation by the Borrowers as described in the preceding sentenceBorrower under Section 5.2(h)(i), 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. Each prepayment of Loans elected under Section 5.1 or required by Section 5.2 shall be applied (i) first, to prepay the Initial Loans on a pro rata basis among such Initial Loans and (ii) second, if any other Class of Loans are outstanding at such time, to the extent the amount of such prepayment exceeds the then-outstanding principal amount of Initial Loans (plus all accrued and unpaid interest on the amount so prepaid or repaid and the Applicable Premium applicable thereto), to prepay such other Class or Classes of Loans on a pro rata basis or on a less than pro rata basis (but not on a greater than pro rata basis) among each such Class of Loans outstanding if agreed by the Lenders holding such Class of Loans; provided that (A) each prepayment of Loans shall be accompanied by the payment of all accrued and unpaid interest on the amount prepaid or repaid and the Applicable Premium applicable thereto, and (B) notwithstanding the provisions of the preceding clause (A), no prepayment of Loans shall be applied to the Loans of any Defaulting Lender except in accordance with Section 2.15(d). With respect to each prepayment of Term a Class of Loans elected by the Borrowers pursuant to under Section 5.01 5.1 or required by Section 5.2 in accordance with this clause (dc), the Borrowers Borrower may designate the Type or Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made. In being repaid within such Class; provided that in the absence of a designation of the Type or Types of a Class of Loans by the Borrowers Borrower as described in the preceding this 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. Subject to clause (g), each prepayment in respect of any Term Loans pursuant to this Section 5.02 shall be applied ratably to the outstanding Term Loans. (ii) With respect to each prepayment of Revolving Loans elected by the Borrowers pursuant to Section 5.01 or required by (d), the Borrowers may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided, that, subject to Section 2.15, each prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrowers 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.