Amounts; Application Clause Samples
The 'Amounts; Application' clause defines how monetary amounts are to be handled and applied under the agreement. It typically specifies the types of payments involved, such as fees, reimbursements, or other sums, and outlines the order or manner in which these amounts are to be allocated or credited. For example, it may state that payments received will first be applied to outstanding interest before principal, or that certain amounts must be used for specific purposes. This clause ensures transparency and consistency in financial transactions, reducing the risk of disputes over how payments are processed or applied.
Amounts; Application. Each partial prepayment of any Borrowing made pursuant to Section 2.05(a) shall be in an amount that would be permitted in the case of a Borrowing as provided in Section 2.02. Each prepayment shall be applied ratably to the outstanding Loans and to each Lender on a pro rata basis. All prepayments pursuant to Section 2.05(a) and (b) shall be accompanied by interest accrued but unpaid interest up to, but not including, the date of the applicable repayment with respect to the applicable Loans being prepaid, to the extent required by Section 2.08.
Amounts; Application. Each partial prepayment of any Borrowing shall be in an amount not less than $1,000,000. Each prepayment of a Borrowing shall be applied ratably to the Loans included in such Borrowing. Prepayments shall be accompanied by accrued and unpaid interest to the extent required by Section 2.12, together with any additional amounts required pursuant to Section 2.17.
Amounts; Application. Each prepayment of the Borrowing shall be applied ratably to the Loans. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.05.
Amounts; Application. All prepayments shall be applied as directed by the Borrower and shall be accompanied by accrued interest to the extent required by Section 2.09.
Amounts; Application. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.09.
Amounts; Application. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.03(c). Each partial prepayment of the outstanding principal amount of the Term Loan pursuant to Section 2.05(b) shall be in an aggregate principal amount of at least $2,000,000.
Amounts; Application. All prepayments shall be applied as directed by the Borrower unless a Default or Event of Default shall have occurred and be continuing and shall be accompanied by accrued interest to the extent required by Section 2.09; provided, however, any prepayment of principal due under an Incremental Facility shall be accompanied by the accrued interest thereon.
Amounts; Application. Each partial prepayment of the Loans shall be in an aggregate amount equal to U.S.$5,000,000 or a larger multiple of U.S.$1,000,000; provided that a prepayment may be in an aggregate amount that is equal to the entire outstanding balance of the Loans. Each prepayment pursuant to this Section 2.8 shall be applied ratably to the Loans. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.7, together with any additional amounts required pursuant to Section 2.18, in the case of any such prepayment other than on an Interest Payment Date.
Amounts; Application. Each partial prepayment of Term Loans shall be in an amount that would be permitted in the case of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of outstanding Term Loans pursuant to this Section shall be applied to the principal balance thereof. Each prepayment of Term Loans shall be applied ratably to the outstanding Term Loans. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12, together with any additional amounts required pursuant to Section 2.17.
Amounts; Application. Prepayments shall be accompanied by accrued interest on the amount prepaid. Lender has the exclusive right to determine the order and manner in which all payments with respect to the Obligations may be applied. Borrower shall have no right to specify the order or the accounts to which Lender shall allocate or apply any payments required to be made by Borrower to Lender or otherwise received by Lender under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. All prepayments of the Term Loan shall be applied to principal installments on the Term Loan in the inverse order of maturity.