Common use of Application to Revolving Credit Loans Clause in Contracts

Application to Revolving Credit Loans. With respect to each prepayment of Revolving Loans, the Borrower 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 no prepayment of Revolving Loans shall be applied to the Revolving Loans of any Defaulting Lender unless otherwise agreed in writing by the Borrower. In the absence of a designation by the Borrower as described in the preceding sentence, the Revolver 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 Revolving Credit Loans. With respect to each mandatory prepayment of Revolving Credit Loans, the Borrower may designate (i) the Types of Revolving Credit Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid, made; provided that no each prepayment of any Revolving Credit Loans shall be applied to pro rata among the Lenders based on the amount by which such Xxxxxx’s Revolving Loans Credit Exposure of any Defaulting Lender unless otherwise agreed in writing by the Borrowerapplicable Class exceeds the applicable Revolving Credit Commitments for such Class. In the absence of a designation by the Borrower as described in the preceding sentence, the Revolver 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.