Common use of Prepayments Generally Clause in Contracts

Prepayments Generally. Any prepayment of Advances pursuant to this Section 2.05 shall be applied first to Base Rate Advances, if any, then outstanding under the Facility, second to LIBOR Advances for which the date of prepayment is the last day of the applicable Interest Period, if any, outstanding under the Facility and third to LIBOR Advances with the shortest remaining Interest Periods outstanding under the Facility.

Prepayments Generally. Any prepayment of Advances pursuant to this Section 2.05 2.06 shall be applied first to Base Rate Advances, if any, then outstanding under the FacilityLoan, second to LIBOR Advances for which the date of prepayment is the last day of the applicable Interest Period, if any, outstanding under the Facility Loan and third to LIBOR Advances with the shortest remaining Interest Periods outstanding under the FacilityLoan.