Interest; Application of Prepayments. Each prepayment of Term Loans or Capital Expenditure Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section 3.9, and shall be applied to the remaining principal installments of the Term Loans or the Capital Expenditure Loans, as applicable, pro rata against all such scheduled installments based upon the respective amounts thereof; provided, however, optional prepayments of Term Loans or Capital Expenditure Loans shall be applied to the next four scheduled amortization payments, with any additional amounts to be applied pro rata against all subsequent scheduled installments based upon the respective amounts thereof.
Appears in 5 contracts
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Interest; Application of Prepayments. Each prepayment of the Term Loans Loan or Capital Expenditure Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section 3.9, and shall be applied to the remaining principal installments of the Term Loans Loan or the Capital Expenditure Loans, as applicable, pro rata against all such scheduled installments based upon the respective amounts thereof; provided, however, optional prepayments of the Term Loans Loan or Capital Expenditure Loans shall be applied to the next four scheduled amortization payments, with any additional amounts to be applied pro rata against all subsequent scheduled installments based upon the respective amounts thereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Bespoke Capital Acquisition Corp)
