Withdrawals from the Prepayment Account Clause Samples

Withdrawals from the Prepayment Account. Prior to the occurrence of a Repayment Event, all amounts in the Prepayment Account shall be disbursed by the Borrower within one (1) Business Day upon deposit into such Prepayment Account to the Administrative Agent, or if not so disbursed by the Borrower, applied directly by the Administrative Agent, for ultimate application to the prepayment of (x) first, outstanding Term A Loans and Term B Loans, together with any interest, Yield Maintenance, Call Premium, Exit Fee or other amounts then due and payable in connection therewith, in accordance with the applicable provisions of Section 2.04(b); and (y) following the occurrence of the TLA/TLB Repayment Event, second, outstanding Term C Loans, together with any interest, call premium or other amounts then due and payable in connection therewith, in accordance with the applicable provisions of Section 2.04(b);

Withdrawals from the Prepayment Account. Prior to the occurrence of a Repayment Event, all amounts in the Prepayment Account shall be disbursed by the Borrower within one (1) Business Day upon deposit into such Prepayment Account to the Administrative Agent, or if not so disbursed by the Borrower, applied directly by the Administrative Agent, for ultimate application to the prepayment of outstanding Term A Loans and Term B Loans, together with any interest, Yield Maintenance, Call Premium, Exit Fee or other amounts then due and payable in connection therewith, in accordance with the applicable provisions of Section 2.04(b);