Mandatory Prepayments for a Prepayment Event. If at any time a Prepayment Event occurs, the Borrower shall immediately pay to the Bank the net proceeds realized by such Prepayment Event. Each such payment shall be applied first to any outstanding Revolving Loans, second to the Term Loan B, and third to the Term Loan A. All prepayments applied to a Term Loan shall be applied to the scheduled principal payments on such Term Loan in the inverse order of their maturities.
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Samples: Credit Agreement (Electromed, Inc.), Credit Agreement (Electromed, Inc.)
Mandatory Prepayments for a Prepayment Event. If at any time a Prepayment Event occurs, the Borrower shall immediately pay to the Bank the net proceeds realized by such Prepayment Event. Each Any such payment prepayments shall be applied first to any outstanding Revolving Loansfirst, second to the Term Loan B, and third second, to the Term Loan A. A, and third, to any outstanding Revolving Loan. All prepayments applied to a Term Loan shall be applied to the scheduled principal payments on such Term Loan in the inverse order of their maturities.
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Samples: Credit Agreement (Electromed, Inc.)
Mandatory Prepayments for a Prepayment Event. If at any time a Prepayment Event occurs, the Borrower Borrowers shall immediately pay to the Bank Lender the net cash proceeds realized by such Prepayment Event. Each Any such payment shall be applied first to any outstanding Revolving Loans, second to the Term Loan B, and third to the Term Loan A. All prepayments applied to a Term Loan shall be applied to the scheduled principal payments on such Term Loan Loans in the inverse order of their maturitiesaccordance with Section 2.6(d).
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