Common use of Order of Payments Clause in Contracts

Order of Payments. Subject to adjustment for Declining Lenders pursuant to Section 2.05(c), in connection with any prepayment of any Class of Term Loans pursuant to this Section 2.05(b), such prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant to Section 3.05.

Appears in 3 contracts

Samples: Amendment No. 2 (TGPX Holdings I LLC), First Lien Credit Agreement (TGPX Holdings I LLC), First Lien Credit Agreement (TGPX Holdings I LLC)

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Order of Payments. Subject to adjustment for If there are no Declining Lenders pursuant to Section 2.05(c), 2.03(c) in connection with any prepayment of any Class of Term Loans pursuant to this Section 2.05(b2.03(b), such prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant to Section 3.05.

Appears in 1 contract

Samples: First Lien Credit Agreement (Aleris Corp)

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Order of Payments. Subject to adjustment for Declining Lenders pursuant to Section 2.05(c), in connection with any prepayment of any Class of Term Loans pursuant to this Section 2.05(b), such prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Eurocurrency Rate Loans, in each case in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant to Section 3.05.

Appears in 1 contract

Samples: First Lien Credit Agreement (TGPX Holdings I LLC)

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