Common use of Mandatory Payments Generally Clause in Contracts

Mandatory Payments Generally. Unless otherwise designated by Borrower, each Mandatory Prepayment made with respect to a Specific Commitment pursuant to subsection (a) or (c) hereof shall be applied in the following order (i) first, to the outstanding Base Rate Loans, and (B) second, to the outstanding Eurodollar Loans, provided that if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.9 hereof as a result of such prepayment, then such Eurodollar Loan shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan or Swing Loan pursuant to this Section 2.15 shall be subject to the prepayment provisions set forth in Article III hereof.

Mandatory Payments Generally. Unless otherwise designated by Borrower, each Mandatory Prepayment made with respect to a Specific Commitment prepayment pursuant to subsection (a) or (c) hereof shall be applied in the following order (i) first, to the outstanding Base Rate Loans, and (Bii) second, to the outstanding Eurodollar Loans, provided that if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.9 2.6 hereof as a result of such prepayment, then such Eurodollar Loan shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan or Swing Loan pursuant to this Section 2.15 2.12 shall be subject to the prepayment provisions set forth in Article III hereof.

Mandatory Payments Generally. Unless otherwise designated by Administrative Borrower, each Mandatory Prepayment made with respect to a Specific Commitment prepayment pursuant to subsection (a) or (c) hereof shall be applied in the following order (i) first, to the outstanding Base Rate Loans, and (Bii) second, to the outstanding Eurodollar Loans, provided that that, in each case, if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.9 2.5(c) hereof as a result of such prepayment, then such Eurodollar Loan shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan or Swing Loan pursuant to this Section 2.15 2.11 shall be subject to the prepayment provisions set forth in Article III hereof.

Mandatory Payments Generally. Unless otherwise designated by Borrower, each Mandatory Prepayment made with respect to a Specific Commitment prepayment pursuant to subsection (a) or (c) hereof above shall be applied in the following order (i) first, to the outstanding Base Rate Loans, and (Bii) second, to the outstanding Eurodollar Loans, provided that if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.9 2.6(d) hereof as a result of such prepayment, then such Eurodollar Loan shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan or Swing Loan pursuant to this Section 2.15 2.12 shall be subject to the prepayment provisions set forth in Article III hereof.