Common use of Other Prepayments Clause in Contracts

Other Prepayments. In the event of a prepayment or mandatory repurchase of the Mortgage Notes or other Parity Debt not governed by Section 2.7(a) after the Acquisition Loan Termination Date, the Loans shall be prepaid in a pro rata amount, such pro rata amount based upon the maximum commitment amount of Mortgage Notes and Parity Debt plus the Commitments hereunder. Such prepayment shall be applied first to the installments of the Acquisition Loans then to the Revolving Loans (with a concurrent reduction of the Revolving Commitments).

Appears in 2 contracts

Samples: Credit Agreement (Amerigas Finance Corp), Credit Agreement (Amerigas Finance Corp)

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Other Prepayments. In the event of a prepayment or mandatory repurchase of the First Mortgage Notes or other Parity Debt not governed by Section 2.7(a) after the Acquisition Loan Termination Date, the Loans shall be prepaid in a pro rata amount, such pro rata amount based upon the maximum commitment amount of Mortgage Notes and Parity Debt plus the Commitments hereunder. Such prepayment shall be applied first to the installments of outstanding amounts under the Acquisition Loans Loans, then to outstanding amounts under the Revolving Loans (with a concurrent permanent reduction of the Revolving Commitments).

Appears in 1 contract

Samples: Credit Agreement (Amerigas Eagle Finance Corp)

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Other Prepayments. In the event of a prepayment or mandatory repurchase of the First Mortgage Notes or other Parity Debt not governed by Section 2.7(a) after the Acquisition Loan Termination DateDate (as defined in the Existing Credit Agreement), the Loans shall be prepaid in a pro rata amount, such pro rata amount based upon the maximum commitment amount of Mortgage Notes and Parity Debt plus the Commitments hereunder. Such prepayment shall be applied first to the installments of the Acquisition Loans then to the Revolving Loans (with a concurrent reduction of the Revolving Commitments)Debt.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

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