Common use of Effect of Prepayments Clause in Contracts

Effect of Prepayments. Amounts of the Revolving Loans and Swing Line Loans prepaid prior to the Revolving Credit Maturity Date may be reborrowed as and to the extent provided in §2. Except as otherwise expressly provided herein, all payments shall be applied, (a) first to any fees or other charges then due and payable hereunder or under the other Loan Documents (other than amounts payable under any Hedge Agreements), (b) next to any Default Rate interest accrued and outstanding, (c) next to any interest accrued and outstanding on Swing Line Loans, (d) next to any interest accrued and outstanding on Base Rate Loans, (e) next to any interest accrued, outstanding, and payable on any LIBOR Rate Loans, (f) next to any Outstanding principal on any Swing Line Loans, (g) next to any Outstanding principal on any Revolving Loans that are Base Rate Loans, (h) next to any Outstanding principal on any Revolving Loans that are LIBOR Rate Loans, (i) next to any Outstanding principal on any Term Loans that are Base Rate Loans, and (j) next to any Outstanding principal on any Term Loans that are LIBOR Rate Loans. Amounts applied pursuant to clauses (d) and (e) of this Section shall be applied ratably and without preference or priority as between Revolving Loans and Term Loans.

Effect of Prepayments. Amounts of the Revolving Loans and Swing Line Loans prepaid prior to the Revolving Credit Maturity Date may be reborrowed as and to the extent provided in §2. Except as otherwise expressly provided herein, all payments shall be applied, (a) first to any fees or other charges then due and payable hereunder or under the other Loan Documents (other than amounts payable under any Hedge Agreements), (b) next to any Default Rate interest accrued and outstanding, (c) next to any interest accrued and outstanding on Swing Line Loans, (d) next to any interest accrued and outstanding on Base Rate Loans, (e) next to any interest accrued, outstanding, and payable on any LIBOR Rate Loans, (f) next to any Outstanding principal on any Swing Line Loans, (g) next to any Outstanding principal on any Revolving Loans that are Base Rate Loans, and (h) next to any Outstanding principal on any Revolving Loans that are LIBOR Rate Loans, (i) next to any Outstanding principal on any Term Loans that are Base Rate Loans, and (j) next to any Outstanding principal on any Term Loans that are LIBOR Rate Loans. Amounts applied pursuant to clauses (d) and (e) of this Section shall be applied ratably and without preference or priority as between Revolving Loans and Term Loans.

Effect of Prepayments. Amounts of the Revolving Loans and Swing Line Loans prepaid prior to the Revolving Credit Maturity Date may be reborrowed as and to the extent provided in §2. Except as otherwise expressly provided herein, all payments shall be applied, (a) first to any fees or other charges then due and payable hereunder or under the other Loan Documents (other than amounts payable under any Hedge Agreements), (b) next to any Default Rate interest accrued and outstanding, (c) next to any interest accrued and outstanding on Swing Line Loans, (d) next to any interest accrued and outstanding on Base Rate Loans, (e) next to any interest accrued, outstanding, and payable on any LIBOR Rate Loans, (f) next to any Outstanding principal on any Swing Line Loans, (g) next to any Outstanding principal on any Revolving Loans that are Base Rate Loans, (h) next to any Outstanding principal on any Revolving Loans that are LIBOR Rate Loans, (i) next to any Outstanding principal on any Term Loans that are Base Rate Loans, and (j) next to any Outstanding principal on any Term Loans that are LIBOR Rate Loans. Amounts applied pursuant to clauses (d) and (e) of this Section shall be applied ratably and without preference or priority as between Revolving Loans and Term Loans.