Common use of Notice; Manner of Payment Clause in Contracts

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including (iv) above, the Borrowers shall promptly deliver 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: (i) first, to reduce in inverse order of maturity the remaining scheduled principal installments of the Refinancing Term Loan, (ii) second, to reduce in inverse order of maturity the remaining scheduled principal installments of the Additional Term Loan, and (iii) third, to the extent of any excess, to repay the Revolving Credit Loans pursuant to Section 2.4(d).

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including (iv) above, the Borrowers Borrower shall promptly deliver 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 mandatory prepayment of the Loans under this Section hereunder shall be applied on a pro rata basis, to the outstanding scheduled principal installments of the Initial Loan and each Incremental Loan as follows: (i) first, to reduce the next four (4) scheduled principal installments of the Loans in inverse direct order of maturity and second, to reduce on a pro rata basis the remaining scheduled principal installments of the Refinancing Term Loan, (ii) second, to reduce in inverse order of maturity Loans. Amounts prepaid under the remaining scheduled principal installments of the Additional Term Loan, and (iii) third, to the extent of any excess, to repay the Revolving Credit Loans pursuant to this Section 2.4(d)may not be reborrowed. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 3.9.

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including (iv) above, the Borrowers Borrower shall promptly deliver 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 ratably between the Initial Term Loans as follows: (iA) firstfirst to the next four (4) scheduled quarterly principal installments of the Initial Term Loans in direct order of maturity, (B) second, to reduce in inverse order of maturity on a pro rata basis the remaining scheduled principal installments of the Refinancing Initial Term Loan, (ii) second, to reduce in inverse order of maturity Loans as determined by the remaining scheduled principal installments of the Additional Term Loan, Borrower and (iiiC) third, to the extent of any excess, to repay the Revolving Credit Loans pursuant to Section 2.4(d), without a corresponding reduction in the Revolving Credit Commitment and (D) fourth, to Cash Collateralize any L/C Obligations then outstanding.