Common use of Order of Applications Clause in Contracts

Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b) shall be applied, first, to Revolving Loans, second, after all Revolving Loans have been repaid, to Swing Line Loans, and third, after all Swing Line Loans have been repaid, to Cash Collateralize or pay the L/C Obligations; provided that any balance of such amounts remaining after all L/C Obligations have been Cash Collateralized or paid shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments thereof). Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Loans in direct order of Interest Period maturities. All prepayments under this Section 2.09(b) shall be subject to Section 3.05. All prepayments under this Section 2.09(b) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 2 contracts

Samples: Credit Agreement (Central Credit, LLC), Credit Agreement (Global Cash Access, Inc.)

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Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b) shall be applied, first, to Revolving Swing Line Loans, second, after all Revolving Swing Line Loans have been repaid, to Swing Line Revolving Loans, and third, after all Swing Line Revolving Loans have been repaid, to Cash Collateralize or pay the L/C Obligations; provided that any balance of such amounts remaining after all L/C Obligations have been Cash Collateralized or paid shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments thereof) and to the Second Lien Loans in the priority set forth clause (vii)(B). Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then then, subject to subsection (ix) below, to Eurodollar Loans in direct order of Interest Period maturities. All prepayments under this Section 2.09(b) shall be subject to Section 3.053.05 and to paragraph (c) below. All prepayments under this Section 2.09(b) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (VeriFone Holdings, Inc.)

Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b) shall be applied, first, to Revolving Swingline Loans, second, after all Revolving Swingline Loans have been repaid, to Swing Line Revolving Loans, and third, after all Swing Line Revolving Loans have been repaid, to Cash Collateralize or pay the L/C LC Obligations; provided that any balance of such amounts remaining after all L/C Revolving Loans have been repaid and, if applicable, all LC Obligations have been Cash Collateralized or paid shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments thereof)of all Term Loans. Within the parameters of the applications set forth above, prepayments of Revolving Loans and Term Loans shall be applied first to Base Rate Loans and then then, subject to subsection (vii) below, to Eurodollar Loans in direct order of Interest Period maturities. All prepayments under this Section 2.09(b) shall be subject to Section 3.05. All prepayments under this Section 2.09(b) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b) shall be applied, first, to Revolving Swingline Loans, second, after all Revolving Swingline Loans have been repaid, to Swing Line Revolving Loans, and third, after all Swing Line Revolving Loans have been repaid, to Cash Collateralize or pay the L/C LC Obligations; provided that any balance of such amounts remaining after all L/C Revolving Loans have been repaid and, if applicable, all LC Obligations have been Cash Collateralized or paid shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments thereof). Within the parameters of the applications set forth above, prepayments of Revolving Loans and Term B Loans shall be applied first to Base Rate Loans and then then, subject to subsection (ix) below, to Eurodollar Loans in direct order of Interest Period maturities. All prepayments under this Section 2.09(b) shall be subject to Section 3.05. All prepayments under this Section 2.09(b) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b) shall be applied, first, to Revolving Swingline Loans, second, after all Revolving Swingline Loans have been repaid, to Swing Line Revolving Loans (ratably to R-1 Revolving Loans and R-2 Revolving Loans), and third, after all Swing Line Revolving Loans have been repaid, to Cash Collateralize or pay the L/C LC Obligations; provided that any balance of such amounts remaining after all L/C Revolving Loans have been repaid and, if applicable, all LC Obligations have been Cash Collateralized or paid shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments thereof)of all Classes of Term B Loans. Within the parameters of the applications set forth above, prepayments of Revolving Loans and Term B Loans shall be applied first to Base Rate Loans and then then, subject to subsection (ix) below, to Eurodollar Loans in direct order of Interest Period maturities. All prepayments under this Section 2.09(b) shall be subject to Section 3.05. All prepayments under this Section 2.09(b) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Order of Applications. All amounts allocated to Revolving Outstandings as provided in this Section 2.09(b2.09(c) shall be applied, first, to Revolving Swing Line Loans, second, after all Revolving Swing Line Loans have been repaid, to Swing Line Revolving Loans, and third, after all Swing Line Revolving Loans have been repaid, to Cash Collateralize or pay the L/C Obligations; provided that any balance of such . All amounts remaining after all L/C Obligations have been Cash Collateralized or paid allocated to Term B Loans shall be applied to the Term B Loans (in each case ratably to the remaining Principal Amortization Payments; provided that the Borrower may elect to cause all or a portion of any such prepayment to be applied in direct order against the next four (4) Principal Amortization Payments thereof)and thereafter pro rata to the remaining amortization payments of the Term B Loans. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then then, subject to subsection (ix) below, to Eurodollar Loans in direct order of Interest Period maturities. All prepayments of Eurodollar Loans under this Section 2.09(b2.09(c) shall be subject to Section 3.05. All prepayments under this Section 2.09(b2.09(c) shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Sbarro Express LLC)

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