Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (ii) through and including (vi) above, the Borrower shall promptly deliver notice thereof to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section shall be applied as follows:
Appears in 3 contracts
Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust)
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (iii) through and including (viv) above, the Borrower shall promptly deliver a notice thereof of prepayment to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section shall be applied as follows:: first, to reduce the Term Loans and (ii) second, to the extent of any excess, to repay the Revolver Loans pursuant to Section 2.07.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp), Credit and Term Loan Agreement (Atlas Pipeline Holdings, L.P.)
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (ii) through and including (vi) above, the Borrower shall promptly deliver notice thereof to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section shall be applied as follows:to repay, on a pro rata basis, the Term Loans until the outstanding principal balance of the Term Loans has been reduced to $0.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust)
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (iii) through and including (viiv) above, the Borrower shall promptly deliver notice thereof a Notice of Prepayment to the Administrative Agent and and, upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section shall be applied in the same manner as follows:provided in Section 2.4(b) for mandatory prepayments due to overadvances.
Appears in 1 contract
Samples: Credit Agreement (Fossil Inc)
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (iiA) through and including (viE) above, the Borrower shall promptly deliver notice thereof a Notice of Prepayment to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans Advances under this Section shall be applied as follows:to the Facility.
Appears in 1 contract
Samples: Second Lien Credit Agreement (Landrys Restaurants Inc)
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (iii) through and including (viv) above, the Borrower shall promptly deliver notice thereof a Notice of Prepayment to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section shall be applied as follows:
Appears in 1 contract
Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) and (ii) through and including (vi) above, the Borrower shall promptly deliver notice thereof a Notice of Prepayment to the Administrative Agent and upon receipt of such notice, the Administrative Agent shall promptly so notify the Lenders. Each prepayment of the Loans under this Section 2.4(b) shall be applied as follows:on a pro rata basis with respect to Loans of all Lenders.
Appears in 1 contract
