Common use of Interest and Other Charges on Prepayment Clause in Contracts

Interest and Other Charges on Prepayment. If the Loans are prepaid, in whole or in part, pursuant to Section 2.4(4) or 2.4(5), each such prepayment shall be made on the prepayment date specified in the notice to Administrative Agent pursuant to Section 2.8(5), and (in every case) together with (a) the accrued and unpaid interest on the principal amount prepaid to the date of such prepayment and (b) any of the Breakage Costs payable to a Lender pursuant to Section 2.9(5) as a result of such prepayment while a LIBOR Rate is in effect; provided, however, that any such prepayment shall be applied first, to the prepayment of any portions of the outstanding principal amount that are Base Rate Loans and, second, to the prepayment of any portions of the outstanding principal amount that are LIBOR Loans applying such sums first to LIBOR Loans of the shortest maturity so as to minimize Breakage Costs; provided further, however, that if an Event of Default exists, Administrative Agent may distribute such payment to the Lenders for application in such manner as it or the Required Lenders, subject to Section 2.8(2), may determine to be appropriate.

Interest and Other Charges on Prepayment. If the Loans are prepaid, in whole or in part, pursuant to Section 2.4(4) or 2.4(5), each such prepayment shall be made on the prepayment date specified in the notice to the Administrative Agent pursuant to Section 2.8(52.7(5), and (in every case) together with (a) the accrued and unpaid interest on the principal amount prepaid to the date of such prepayment and (b) any of the Breakage Costs amounts payable to a Lender pursuant to Section 2.9(52.8(5) as a result of such prepayment while a LIBOR an Adjusted Libor Rate is in effect; provided, however, that any such prepayment shall be applied first, to the prepayment of any portions of the outstanding principal amount that are Base Rate Loans and, second, to the prepayment of any portions of the outstanding principal amount that are LIBOR Eurodollar Loans applying such sums first to LIBOR Eurodollar Loans of the shortest maturity so as to minimize Breakage Costsbreakage costs; provided further, however, that if an Event of Default exists, the Administrative Agent may distribute such payment to the Lenders for application in such manner as it or the Required Majority Lenders, subject to Section 2.8(22.7(2), may determine to be appropriate.

Interest and Other Charges on Prepayment. If the Loans are prepaid, in whole or in part, pursuant to Section 2.4(4) or 2.4(5), each such prepayment shall be made on the prepayment date specified in the notice to Administrative Agent pursuant to Section 2.8(5), and (in every case) together with (a) the accrued and unpaid interest on the principal amount prepaid to the date of such prepayment and (b) any of the Breakage Costs payable to a Lender pursuant to Section 2.9(5) as a result of such prepayment while a an Adjusted LIBOR Rate is in effect; provided, however, that any such prepayment shall be applied first, to the prepayment of any portions of the outstanding principal amount that are Base Rate Loans and, second, to the prepayment of any portions of the outstanding principal amount that are LIBOR LIBOR-based Loans applying such sums first to LIBOR LIBOR-based Loans of the shortest maturity so as to minimize Breakage Costs; provided further, however, that if an Event of Default exists, Administrative Agent may distribute such payment to the Lenders for application in such manner as it or the Required Majority Lenders, subject to Section 2.8(2), may determine to be appropriate.