Common use of Prepayment mechanism Clause in Contracts

Prepayment mechanism. Any prepayment pursuant to Clause 27.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (payment and Cancellation) but ignoring any restriction as to prepayments being made on the last day of the Interest Period and shall be applied pro rata to each Tranche or against a particular Tranche, at the Facility Agent’s discretion, in inverse order of maturity.

Prepayment mechanism. Any prepayment pursuant to Clause 27.2 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (payment Prepayment and Cancellation) but ignoring any restriction as to prepayments being made on the last day of the Interest Period and shall be applied on a pro rata to each Tranche or against a particular Tranche, at basis towards the Facility Agent’s discretion, in inverse order Advances of maturitythe Term Loan Facility.

Prepayment mechanism. Any prepayment pursuant to Clause 27.2 (Provision of additional security; prepayment) shall be be: (a) made in accordance with the relevant provisions of Clause 7 (payment Payment and Cancellation) but ignoring any restriction as to prepayments being made on the last day of the Interest Period and shall be Period; (b) applied pro rata to each Tranche or against a particular Tranche, at the Facility Agent’s discretion, in inverse order of maturity.as follows:

Prepayment mechanism. Any prepayment pursuant to Clause 27.2 29.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 Clause8 (payment Payment and Cancellation) but ignoring any restriction as to prepayments being made on the last day of the Interest Period and shall be applied pro rata to each Tranche or against a particular Tranche, at the Facility Agent’s discretion, in inverse order of maturity.