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 (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 to repay, on a pro rata basis, the Term Loans until the outstanding principal balance of the Term Loans has been reduced to $0.

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 repay, on a pro rata basis, reduce the Term Loans until and (ii) second, to the outstanding principal balance extent of any excess, to repay the Term Revolver Loans has been reduced pursuant to $0Section 2.07.

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (iii) through and including (viiii) 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 ratably to repay, on a pro rata basis, reduce the Term Loans until the outstanding principal balance of the Term Loans has been reduced to $0Loans.