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 Parent Borrower 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 ratably between the Initial Term Loans and any Incremental Term Loans which such prepayment to be applied to reduce the remaining scheduled principal installments of the Initial Term Loans and any Incremental Term Loans (including the bullet payment due at maturity) on a pro rata basis).

Appears in 1 contract

Samples: Credit Agreement (Ubiquiti Networks, Inc.)

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Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses clause (i), (ii) through and including or (iviii) above, the Parent 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 Term Loan Lenders. Each prepayment of the Term Loans under this Section shall be applied ratably between among the Initial then outstanding Term Loans (unless otherwise agreed by the Term Loan Lenders) and any Incremental Term Loans which such prepayment to be applied to shall reduce the remaining scheduled principal installments of the Initial applicable Term Loans and any Incremental Term Loans (including the bullet payment due at maturity) on a pro rata basis).

Appears in 1 contract

Samples: Credit Agreement (RealPage, Inc.)

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including (iv) above, the Parent Borrower 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 ratably between the Initial Term Loans and any Incremental Term Loans which such prepayment to be applied to reduce the remaining scheduled principal installments of the Initial Term Loans and any Incremental Term Loans (including the bullet payment due at maturity) on a pro rata basis).

Appears in 1 contract

Samples: Credit Agreement (Ubiquiti Inc.)

Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including or (ivii) above, the Parent Borrower 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: subject to the Intercreditor Agreement, ratably between the Initial Term Loans, the Additional Term Loans and any Incremental Term Loans which such prepayment to be applied to reduce on a pro rata basis the remaining scheduled principal installments of the Initial Term Loans and any Incremental Term Loans (including the bullet payment due at maturity) on a pro rata basis).the

Appears in 1 contract

Samples: Credit Agreement (Copart Inc)

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Notice; Manner of Payment. Upon the occurrence of any event triggering the prepayment requirement under clauses (i) through and including (iv) above, the Parent Borrower 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 ratably between the Initial Term Loans and any Incremental Term Loans which such prepayment to be applied to reduce the remaining scheduled principal installments of the Initial Term Loans and any Incremental Term Loans (including the bullet payment due at maturity) on a pro rata basis).

Appears in 1 contract

Samples: Credit Agreement (Ubiquiti Networks, Inc.)

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