Common use of Mandatory Prepayments; Applications of Prepayments Clause in Contracts

Mandatory Prepayments; Applications of Prepayments. (i) Simultaneously with any mandatory automatic reduction of the Commitments under Section 1.02 or Section 1.06(b), (e) or (d), the Borrower (A) shall pay to the Agent, for the ratable account of each Lender, any then accrued unpaid Commitment Fee on the reduced portion of the respective Commitments, (B) shall repay such amount of the aggregate principal amount of the Notes as shall cause the outstanding principal balance thereunder to be less than or equal to the aggregate Commitments, after giving effect to such reduction, and (C) shall pay any indemnification payments due in accordance with Section 1.11 in respect of LIBOR Loans so prepaid. (ii) All voluntary and mandatory prepayments of the Notes under this Section 1.06 (A) shall be made without set-off (other than for final judgments for the payment of money against either Agent or any Lender), deduction or counterclaim, and (B) unless otherwise specified in this Section 1.06, shall be applied first, to overdue interest, fees, indemnification payments and expenses hereunder and second, to pay principal of the Notes, provided, in each case, that (A) payments of principal of the Notes shall be applied to the Lenders' respective Notes pro rata as provided in Section 1.14, unless otherwise agreed to by the Lenders (in which case the Agent will provide notice to the Borrower of such alternate application within a reasonable period of time thereafter), and (B) applications of prepayments to principal shall be made first to Base Rate Loans and then to LIBOR Loans.

Mandatory Prepayments; Applications of Prepayments. (i) Simultaneously with any mandatory automatic reduction of the Commitments under Section SECTION 1.02 or Section 1.06(bSECTION 1.06(B), (eC), (D), (E), (F) or (dG), the Borrower (A) shall pay to the Administrative Agent, for the ratable account of each Lender, any then accrued unpaid Commitment Fee on the reduced portion of the respective Commitments, (B) shall pay any indemnification payments due in accordance with SECTION 1.11 in respect of LIBOR Loans so prepaid and (C) shall repay such amount of the aggregate principal amount of the Notes as shall cause the outstanding principal balance thereunder to be less than or equal to the aggregate Available Commitments, after giving effect to such reduction, and (C) shall pay any indemnification payments due in accordance with Section 1.11 in respect of LIBOR Loans so prepaid. (ii) All voluntary and mandatory prepayments of the Notes under this Section SECTION 1.06 (A) shall be made without set-off (other than for final judgments for the payment of money against either Agent or any Lender), deduction or counterclaim, and (B) unless otherwise specified in this Section SECTION 1.06, shall be applied firstFIRST, to overdue interest, fees, indemnification payments and expenses hereunder and secondSECOND, to pay principal of the Notes, providedPROVIDED, in each case, that (A) payments of principal of the Notes shall be applied to the Lenders' respective Notes pro rata PRO RATA as provided in Section SECTION 1.14, unless otherwise agreed to by the Lenders (in which case the Agent will provide notice to the Borrower of such alternate application within a reasonable period of time thereafter)Lenders, and (B) applications of prepayments to principal shall be made first to Base Rate Loans and then to LIBOR Loans.

Mandatory Prepayments; Applications of Prepayments. (i) Simultaneously with the termination of the Commitments or any mandatory automatic reduction of the Commitments under Section 1.02 1.01(e) or Section 1.06(b), (e1.06(c) or (de), the Borrower (A) shall pay to the Agent, for the ratable account of each Lender, any then accrued unpaid Commitment Fee on the reduced portion of the respective Commitments, (B) shall repay such amount of the aggregate principal amount of the Notes as shall cause the outstanding principal balance thereunder Aggregate Exposure to be less than or equal to the aggregate Commitments, after giving effect to such reduction, termination or reduction and (C) shall pay any indemnification payments due in accordance with Section 1.11 in respect of LIBOR Loans so prepaid. (ii) If and to the extent that the repayment in full of all outstanding Loans is insufficient to cause the Aggregate Exposure to be less than or equal to the aggregate Commitments, the Borrower shall, without notice or demand, immediately make payment to the Agent, for deposit in the Collateral Account, as cover for the Letter of Credit Exposure, as described in Section 1.02(f). (iii) All voluntary and mandatory prepayments of the Notes under this Sections 1.06(a), (c), (d) and (e) and Section 1.06 1.06(g)(i) above (A) shall be made without set-off (other than for final judgments for the payment of money against either Agent or any Lender)off, deduction or counterclaim, and (B) unless otherwise specified in this Section 1.06, shall be applied first, to overdue interest, fees, indemnification payments fees and expenses hereunder and hereunder, second, to pay principal of the Notes, and third, to the extent of any excess remaining after application as provided above, to pay any outstanding Reimbursement Obligations and, thereafter, to cash collateralize the Letter of Credit Exposure as provided in Section 1.02(f), provided, in each case, that (A) payments of principal of the Notes shall be applied to the Lenders' respective Notes pro rata as provided in Section 1.14, unless otherwise agreed to by the Lenders (in which case the Agent will provide notice to the Borrower of such alternate application within a reasonable period of time thereafter)Lenders, and (B) applications of prepayments to principal shall be made first to Base Rate Loans and then to LIBOR Loans.