Applications of Prepayments Sample Clauses

Applications of Prepayments. So long as no Event of Default has occurred and is then continuing, all prepayments permitted pursuant to this Section 2.03 shall be applied to the remaining unpaid installments of principal of the Committed Loans as directed by the Borrower; provided that, if the Borrower fails to direct the application of any such prepayments, such prepayments shall be applied to the unpaid installments of principal of the Committed Loans in the inverse order of scheduled maturities.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Applications of Prepayments. Prepayments made under this clause 10 shall be applied as follows:
Sample 1Sample 2
Applications of Prepayments. All prepayments permitted pursuant to this Section 2.03 shall be applied to the remaining unpaid principal of the Committed Loans.
Sample 1
Applications of Prepayments. (i) Each prepayment shall be applied ratably to the respective Loans of all of the Lenders.
Sample 1
Applications of Prepayments. (i) Each prepayment of Term Loans shall be applied ratably to the respective Term Loans of all of the Banks.
Sample 1
Applications of Prepayments. All prepayments of the Notes under this SECTION 1.06 shall be made without set-off, deduction or counterclaim, shall (unless otherwise determined by the Lenders) be applied to the Lenders' Notes pro rata as provided in SECTION 1.15 and, unless otherwise specified in this SECTION 1.06, shall be applied first to unpaid fees and interest due and payable under this Agreement or the Notes and then to pay principal of the Notes, provided that applications of prepayments to principal shall be made first to Base Rate Loans and then to LIBOR Loans.
Sample 1
Applications of Prepayments. All amounts required to be paid pursuant to Section 3.2(b)(i) shall be applied to Revolving-A Loans or Revolving-B Loans, as
Sample 1
AutoNDA by SimpleDocs
Applications of Prepayments. (i) All voluntary prepayments of the Notes under Sections 1.07(b) and (c) (A) shall be made without set-off, deduction or counterclaim, and (B) unless otherwise specified in this Section 1.07, shall be applied first, to overdue interest, fees and expenses hereunder, and second, to pay principal of the Revolver Notes and the Term Notes ratably as provided in Section 1.07(a) (in each case pro rata among the respective Lenders as provided in Section 1.15).
Sample 1
Applications of Prepayments. All prepayments of the Notes under this Section 1.06 shall be made without set-off, deduction or counterclaim, (ii) shall (unless otherwise determined by the Lenders) be applied to the Lenders' Notes pro rata as provided in Section 1.14 and (iii) unless otherwise specified in this Section 1.06, shall be applied first, to overdue interest, fees and expenses hereunder, second, to pay principal of the Reducing Revolver Notes, and third, to pay principal of the Revolving Credit Notes, provided that applications of prepayments to principal shall be made first to Prime Rate Loans and then to LIBOR Loans, and provided further that, so long as no Default then exists, the Borrower may, at or prior to the time said payment is made, elect to allocate all or any portion of the application of voluntary prepayments of principal pursuant to Section 1.06(a) to the Revolving Credit Notes.
Sample 1

Related to Applications of Prepayments

  • Application of Prepayments Amounts to be applied pursuant to this Section 2.03 to the prepayment of Loans shall be applied first to reduce outstanding Base Rate Loans. Any amounts remaining after each such application shall be applied to prepay Eurodollar Rate Loans. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.03 shall be in excess of the amount of the Base Rate Loans at the time outstanding (an “Excess Amount”), only the portion of the amount of such prepayment as is equal to the amount of such outstanding Base Rate Loans shall be immediately prepaid and, at the election of the Borrower, the Excess Amount shall be either (A) deposited in an escrow account on terms reasonably satisfactory to the Administrative Agent and the Borrower and applied to the prepayment of Eurodollar Rate Loans on the last day of the then next-expiring Interest Period for Eurodollar Rate Loans; provided that (i) interest in respect of such Excess Amount shall continue to accrue thereon at the rate provided hereunder for the Loans which such Excess Amount is intended to repay until such Excess Amount (and any returns on investment relating thereto) shall have been used in full to repay such Loans and (ii) at any time while an Event of Default has occurred and is continuing, the Administrative Agent may, and upon written direction from the Required Lenders shall, apply any or all proceeds then on deposit to the payment of such Loans in an amount equal to such Excess Amount or (B) prepaid immediately, together with any amounts owing to the Lenders under Section 3.05.

  • Application of prepayment The provisions of Clause 8 shall apply in relation to the prepayment.

  • Application of Prepayments Reductions (a) Any prepayment of any Loan pursuant to Section 2.11 shall be applied as specified by the Borrower in the applicable notice of prepayment; provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

  • Notice of Prepayments The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.07, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.07; provided further that, the Borrower may deliver a conditional prepayment notice subject to the proviso in Section 2.07(c). Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof.

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

Time is Money Join Law Insider Premium to draft better contracts faster.