Prior Application to First Lien Loans. Notwithstanding any other provision of this Section 1.8, any mandatory prepayment of the Term Loans that is otherwise required to be made pursuant to Section 1.8(b), 1.8(c) or 1.8(d) above shall (until all interest and principal under the Loans (as defined in the First Lien Credit Agreement) has been paid in full and no Revolving Loans (as defined in the First Lien Credit Agreement) or commitments therefor are outstanding) be deemed satisfied to the extent that the amount of such mandatory prepayment has been applied to prepay the Term Loans (as defined in the First Lien Credit Agreement) and thereafter Revolving Loans (as defined in the First Lien Credit Agreement).
Appears in 4 contracts
Samples: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)
