Common use of Application to Loans Clause in Contracts

Application to Loans. Upon receipt of the amount payable to the Lenders pursuant to Section 5.1, 5.2(a) or 9.15, the Administrative Agent shall distribute such amount in the following order: First, to the payment of all expenses due and payable to the Agents under Section 13.5; Second, to the payment of all expenses due and payable to the Lenders under Section 13.5, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of such payments owed to each such Lender; Third, to the payment of interest (other than PIK Interest Amount added to the principal amount of the Extended Loans) then due and payable on the Loans, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of interest owed to each such Lenders; and Fourth, to the payment of the principal amount of the Loans that is then due and payable, ratably among such Lenders in accordance with the Dollar Equivalent of the aggregate principal amount owed to each such Lender.

Application to Loans. Upon receipt of the amount payable to the Lenders pursuant to Section 5.12.09, 5.2(a2.10(a) or 9.1510.05, the Administrative Agent shall distribute such amount in the following order: First, to the payment of all expenses due and payable to the Agents Administrative Agent under Section 13.510.05; Second, to the payment of all expenses due and payable to the Lenders under Section 13.510.05, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of such payments owed to each such Lender; Third, to the payment of interest (other than PIK Interest Amount added to the principal amount of the Extended Loans) then due and payable on the Loans, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of interest owed to each such Lenders; and Fourth, to the payment of the principal amount of the Loans that is then due and payable, ratably among such Lenders in accordance with the Dollar Equivalent of the aggregate principal amount owed to each such Lender.

Application to Loans. (i) Upon receipt of the any amount payable to the Lenders pursuant to Section 5.12.07(a), 5.2(a2.07(b) or 9.155.17, the Administrative Agent shall distribute such amount in the following order: First, to the payment of all expenses due and payable to the Agents under Section 13.510.05; Second, to the payment of all expenses due and payable to the Lenders under Section 13.510.05, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of such payments owed to each such Lender; Third, to the payment of interest (other than any PIK Interest Amount added to the principal amount of the Extended LoansAmount) then due and payable on the Loans, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of interest owed to each such LendersLender; and Fourth, to the payment of the principal amount of the Loans (including all amounts paid as a PIK Interest Amount) that is then due and payable, ratably among such Lenders in accordance with the Dollar Equivalent of the aggregate principal amount owed to each such Lender.

Application to Loans. (i) Upon receipt of the any amount payable to the Lenders pursuant to Section 5.12.07(a), 5.2(a2.07(b) or 9.155.17, the Administrative Agent shall distribute such amount in the following order: First, to the payment of all expenses due and payable to the Agents under Section 13.510.05; Second, to the payment of all expenses due and payable to the Lenders under Section 13.510.05, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of such payments owed to each such Lender; Third, to the payment of interest (other than any PIK Interest Amount added to the principal amount of the Extended LoansAmount) then due and payable on each Tranche of the Loans, ratably among the Lenders in accordance with the Dollar Equivalent of the aggregate amount of interest owed to each such LendersLender; and Fourth, to the payment of the principal amount of each Tranche of the Loans (including all amounts paid as a PIK Interest Amount) that is then due and payable, ratably among such Lenders in accordance with the Dollar Equivalent of the aggregate principal amount owed to each such Lender.