Common use of Prepay Term Loans Pro Rata Clause in Contracts

Prepay Term Loans Pro Rata. Any prepayment made hereunder (including, without limitation, those made pursuant to Sections 5.3 and 5.4, but excluding a prepayment under Section 9.3) or under the Related Credit Agreement shall be applied against the Term Loan and the Related Term Loan, pro rata.

Appears in 2 contracts

Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)

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Prepay Term Loans Pro Rata. Any prepayment made hereunder (including, without limitation, those made pursuant to Sections 5.3 and 5.4, but excluding a prepayment under Section Sections 5.7 and 9.3) or under the Related Credit Agreement shall be applied against the Term Loan and the Related Term Loan, pro rata.

Appears in 2 contracts

Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)

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