Applications of Certain Prepayment Proceeds Sample Clauses

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Sections 5.1(c)(iv), (v), (vi), (vii) or (viii) above shall be applied as a mandatory prepayment of principal of first, the outstanding Term Loans, with such amounts being applied to the Scheduled Repayments thereof in the inverse order of their maturity; provided, however, such prepayment shall first apply to Term Loans that do not constitute the Hedged Portion and secondly, to the Hedged Portion, second, after no Term Loans are outstanding, the outstanding Swing Loans, and third, the outstanding Revolving Loans, and the Total Revolving Commitment shall be permanently reduced on the date of any such prepayment of the Swing Loans or the Revolving Loans, as applicable, by an amount equal to such prepayment in accordance with Section 4.2(b).

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Sections 2.16(c)(v), (vi), or (vii) above shall be applied, except as may otherwise be set forth in any Incremental Joinder with respect to any Incremental Term Loan, first, ratably to the scheduled principal payment installments set forth in Section 2.16(c)(i)(B) on a pro rata basis, second, after payment in full of the Term Facility, to repay the outstanding principal balance of the Swing Loans, and third, to repay the outstanding principal balance of the Revolving Loans (with an accompanying permanent Dollar for Dollar reduction of Revolving Commitments).

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to ‎Section 2.13(c)(iv), (v), (vii) or (viii), above shall be applied as a mandatory prepayment of principal of first, the outstanding Term Loans, with such amounts being applied to the Scheduled Repayments (excluding the final payment), thereof in the inverse order of their maturity, second, to the final payment of the Term Loans, third, after no Term Loans are outstanding, the outstanding Swing Loans, and fourth, the outstanding Revolving Loans, and the Total Revolving Commitment shall not be permanently reduced on the date of any such prepayment by an amount equal to such prepayment in accordance with ‎Section 2.12(b) and the LC Outstandings shall be Cash Collateralized to the extent required by ‎Section 2.12(b).

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Section 2.12(c)(iii), (iv) or (v) above or Section 7.07(c) shall be applied as a mandatory prepayment of principal of first, the outstanding Term Loans, with such amounts being applied pro rata to the Scheduled Repayments thereof (and pro rata to the Closing Date Term Loans and the Incremental Term Loans), and second, after no Term Loans are outstanding, the outstanding Revolving Loans.

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Section 2.13(c)(v), (vi)(A) or (viii) above shall be applied, first, as a mandatory prepayment of principal to the outstanding Classes of Term Loans (if any) as the Parent Borrower shall designate (provided that the Parent Borrower may not designate that any Term Loans other than the Initial Term Loans be repaid unless such prepayment is accompanied by a pro rata repayment of Initial Term Loans (or that the Initial Term Loans have otherwise been paid in full)),, with such amounts being applied to the scheduled installments thereof as directed by the Parent Borrower (and if not so directed, in direct order of maturity), second, to prepay the Swing Loans to the full extent thereof (and to the extent such prepayment is made pursuant to Section 2.13(c)(v) or (viii) (and, solely with respect to clause (viii), to the extent related to Foreign Dispositions or Foreign Events of Loss), to permanently reducefor the avoidance of doubt, without any reduction of the Revolving Commitments by the amount of such prepayment ratably to the remaining respective installments thereof), third, to prepay the Revolving Loans to the full extent thereof (and to the extent such prepayment is made pursuant to Section 2.13(c)(v) or (viii) (and, solely with respect to clause (viii), to the extent related to Foreign Dispositions or Foreign Events of Loss), to further permanently reducefor the avoidance of doubt, without any reduction of the Revolving Commitments by the amount of such prepayment), fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit (and to the extent such prepayment is made pursuant to Section 2.13(c)(v) or (viii) (and, solely with respect to clause (viii), to the extent related to Foreign Dispositions or Foreign Events of Loss), to further permanently reducefor the avoidance of doubt, without any reduction of the Revolving Commitments by the amount of such prepayment), fifth) and last, to Cash Collateralize Letters of Credit (and to the extent such prepayment is made pursuant to Section 2.13(c)(v) or (viii) (and, solely with respect to clause (viii), to the extent related to Foreign Dispositions or Foreign Events of Loss), to further permanently reducefor the avoidance of doubt, without any reduction of the Revolving Commitments by the amount of such cash collateralization), and last, to the extent such prepayment is made pursuant to Section 2.13(c)(v) or (viii) (and, solely with respe...

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Sections 2.13(c)(iv), (v), (vi) or (vii) above shall be applied: (i) with respect to prepayments by the U.S. Borrower, as a mandatory prepayment of principal of first, the applicable Class of outstanding U.S. Term Loans (in the case of a prepayment required by Section 2.13(c)(vi), to each Class of U.S. Term Loans on a pro rata basis, and, in each other case, to the Class of U.S. Term Loans specified in such clause), with such amounts being applied to the next eight (8) Scheduled Repayments thereof in direct order and thereafter to the remaining Scheduled Repayments on a pro rata basis, and second the outstanding Revolving Loans (but without any corresponding reduction in Revolving Commitments), and the LC Outstandings shall be cash collateralized to the extent required by Section 2.12(b); and (ii) with respect to prepayments by the EMEA Borrower, as a mandatory prepayment of principal of the applicable Class of outstanding EMEA Term Loans (in the case of a prepayment required by Section 2.13(c)(vi), to each Class of EMEA Term Loans on a pro rata basis, and, in each other case, to the Class of EMEA Term Loans specified in such clause), with such amounts being applied to the next eight (8) Scheduled Repayments thereof in direct order and thereafter to the remaining Scheduled Repayments on a pro rata basis.

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Section 2.13(c)(iv), (v), (vi), or (vii) above shall be applied as a mandatory prepayment of principal of first, the outstanding Term Loans with such amounts being allocated ratably between the Term Loans and the Other Term Loans, if any, with such amounts being applied pro rata to the Scheduled Repayments thereof (other than the Scheduled Repayment due on the Term Loan Maturity Date), second, the Scheduled Repayment due on the Term Loan Maturity Date, third, after no Term Loans are outstanding, the outstanding Swing Loans, and fourth, the outstanding Revolving Loans without a reduction of the Total Revolving Commitment, and fifth, the LC Outstandings shall Cash Collateralize to the extent required by Section 2.12(c).

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Section 2.13(c)(iv), (v) or (vi) above shall be applied as a mandatory prepayment of principal of first, the outstanding Term Loans, with such amounts being applied to the next four Scheduled Installments thereof in direct order of maturity, second, the outstanding Term Loans, with such amounts being applied to the remaining Schedule Installments on a pro rata basis, and third, after no Term Loans are outstanding, to the outstanding Revolving Loans, without a concurrent permanent reduction of the Total Revolving Commitment. To the extent any Incremental Term Loans are outstanding, prepayments may be applied, on a no greater than pro rata basis, to such Incremental Term Loans if the Incremental Term Loan Assumption Agreement so requires.

Applications of Certain Prepayment Proceeds. Each prepayment required to be made pursuant to Section 2.12(b)(iv), 2.12(b)(v) or 2.12(b)(vi) shall be applied as a mandatory prepayment of the Loans as follows: (i) if, at the time of any such prepayment, no Default or Event of Default has occurred and is continuing, such prepayment shall be applied to the outstanding principal amount of the Revolving Loans (with no reduction in the Revolving Commitments), or (ii) if, at the time of any such prepayment or after giving effect thereto, any Default or Event of Default exists, such prepayment shall be applied, on a pro rata basis, to the principal amount of the Revolving Loans of all Lenders and to reduce permanently on such basis the Revolving Commitments and the Total Revolving Commitment in accordance with Section 2.12(b)(ii). Any reduction of the Revolving Commitments and the Total Revolving Commitment shall automatically, without further action, reduce by the same percentage the LC Commitment Amount and shall be accompanied by prepayment of the Revolving Loans to the extent, if any, that the Aggregate Credit Facility Exposure exceeds the amount of the Total Revolving Commitment as so reduced, and if the aggregate principal amount of Revolving Loans then outstanding is less than the amount of such excess, the Borrower shall, to the extent of such excess, or cash collateralize Letters of Credit pursuant to Section 2.12(b)(iii).