Common use of Application to Revolving Loans Clause in Contracts

Application to Revolving Loans. With respect to each prepayment of Revolving Loans elected by the Borrower pursuant to Section 2.6 or required by this Section 2.2, the Borrower may designate (i) the Types of Revolving Loans that are to be prepaid and the specific Advance(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided, that (x) Eurodollar Loans may be designated for prepayment pursuant to this Section 2.2 only on the last day of an Interest Period applicable thereto unless all Eurodollar Loans with Interest Periods ending on such date of required prepayment and all Floating Rate Loans have been paid in full; (y) each prepayment of any Revolving Loans made pursuant to an Advance shall be applied pro rata among such Revolving Loans; and (z) notwithstanding the provisions of the preceding clause (y), at the option of the Borrower, no prepayment made pursuant to Section 2.6 or this Section 2.2 of Revolving Loans shall be applied to Revolving Loans of any Defaulting Lender. In the absence of a designation by the Borrower as described in the preceding sentence, the Agent shall, subject to the above, make such designation in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant to Section 3.4.

Application to Revolving Loans. With respect to each prepayment of Revolving Loans elected to be made by the Borrower pursuant to Section 2.6 5.1 or required by this Section 2.25.2(a) or (b), the Borrower may designate (i) the Types of Revolving Loans that are to be prepaid and the specific Advance(sBorrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided, provided that (x) Eurodollar Loans may be designated for prepayment pursuant to this Section 2.2 only on the last day of an Interest Period applicable thereto unless all Eurodollar Loans with Interest Periods ending on such date of required prepayment and all Floating Rate Loans have been paid in full; (y) each prepayment of any Revolving Loans made pursuant to an Advance a Borrowing shall be applied pro rata among such Revolving Loans; and (zy) notwithstanding the provisions of the preceding clause (yx), at the option of the Borrower, no prepayment made pursuant to Section 2.6 5.1 or this Section 2.2 5.2(b) of Revolving Loans shall be applied to the Revolving Loans of any Defaulting Lender. 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 manner that minimizes view, but no obligation, to 161 minimize breakage costs owing under Section 2.11. The mandatory prepayments set forth in this Section 5.2 shall not reduce the aggregate amount of any payments required to Commitments and amounts prepaid may be made by reborrowed in accordance with the Borrower pursuant to terms hereof except as provided in Section 3.45.2(a)(iii).

Application to Revolving Loans. With respect to each prepayment of Revolving Loans elected to be made by the Borrower pursuant to Section 2.6 5.1 or required by this Section 2.25.2(a) or (b), the Borrower may designate (i) the Types of Revolving Loans that are to be prepaid and the specific Advance(sBorrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided, provided that (x) Eurodollar Loans may be designated for prepayment pursuant to this Section 2.2 only on the last day of an Interest Period applicable thereto unless all Eurodollar Loans with Interest Periods ending on such date of required prepayment and all Floating Rate Loans have been paid in full; (y) each prepayment of any Revolving Loans made pursuant to an Advance a Borrowing shall be applied pro rata among such Revolving Loans; and (zy) notwithstanding the provisions of the preceding clause (yx), at the option of the Borrower, no prepayment made pursuant to Section 2.6 5.1 or this Section 2.2 5.2(b) of Revolving Loans shall be applied to the Revolving Loans of any Defaulting Lender. In the absence of a designation by the Borrower as described in the 136 preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a manner that minimizes view, but no obligation, to minimize breakage costs owing under Section 2.11. The mandatory prepayments set forth in this Section 5.2 shall not reduce the aggregate amount of any payments required to Commitments and amounts prepaid may be made by reborrowed in accordance with the Borrower pursuant to terms hereof except as provided in Section 3.45.2(a)(iii).