Common use of Application of Certain Mandatory Prepayments Clause in Contracts

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition Loans; third, to prepay the scheduled principal installments of the Acquisition Loans in inverse order of maturity, until such Acquisition Loans shall have been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and sixth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition Loans; third, to prepay the scheduled principal installments of the Acquisition Loans Term Loan in inverse order of maturity, until such Acquisition Loans shall have paid in full; second, to the principal balance of the Swing Line Loan outstanding until the same has been prepaid repaid in full; third, to the principal balance of Revolving Credit Advances outstanding until the same has been paid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Export-Related Advances outstanding until the same has been paid in full; and sixthfifth, to any Letter of Credit Obligations, Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The None of the Revolving Loan Commitment, the Export-Related Loan Commitment nor the Swing Line Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition Swing Line Loans; third, to prepay the scheduled principal installments balance of the Acquisition Swing Line Loans in inverse order of maturity, until such Acquisition Loans shall have the same has been prepaid repaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and sixthlast, to any Letter of Credit Obligations, Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitment Commitments shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent Agents then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition LoansTerm Loan; third, to prepay the scheduled principal installments of the Acquisition Loans Term Loan in inverse order of maturity, until such Acquisition Loans shall have the same has been prepaid in full; fourth, to interest then due and payable on the Revolving Credit AdvancesAdvances made to Borrower; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding to Borrower until the same has been paid in full; and sixth, to any Letter of Credit Obligations, Obligations of Borrower to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition Loans; third, to prepay the scheduled principal installments of the Acquisition Loans in inverse order of maturity, until such Acquisition Loans shall have been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifththird, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and sixthfourth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepaymentsprepayments at the option of the Requisite Lenders in their sole discretion.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower with respect to any or all Obligations pursuant to Sections 1.3(b)(ii) or (b)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition LoansSwing Line Loan; third, third to prepay the scheduled principal installments balance of the Acquisition Loans in inverse order of maturity, Swing Line Loan until such Acquisition Loans shall have the same has been prepaid repaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and sixth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Neither the Revolving Loan Commitment nor the Swing Line Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to (x) Sections 1.3(b)(ii1.3(b) (ii), (iii) or (iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition LoansSwing Line Loan outstanding; third, to prepay the scheduled principal installments balance of the Acquisition Loans in inverse order of maturity, Swing Line Loan outstanding until such Acquisition Loans shall have the same has been prepaid repaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances until outstanding, applied first, to Index Rate Loans and second, to LIBOR Loans, until, in each case, the same has been paid in full; and sixthlast, if a Default or Event of Default has occurred and is continuing at the time of such prepayment, to any Letter of Credit Obligations, Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized therefore in the manner set forth in Annex B. The Neither the Revolving Loan Commitment nor the Swing Line Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(iiclauses (b)(ii), (b)(iii) or (b)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent Lender then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition LoansTerm Loan; third, to prepay the scheduled principal installments of the Acquisition Loans Term Loan in inverse order of maturity, until such Acquisition Loans Loan shall have been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances until the same has shall have been paid in full; and sixth, until all such letter of Credit Obligations have been fully cash collateralized, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above or Section 5.4(c) shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition LoansTerm Loan; third, to prepay the scheduled principal installments of the Acquisition Loans in inverse order of maturityTerm Loan on a pro rata basis, until such Acquisition Loans shall have the Term Loan has been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and sixthlast, to any Letter of Credit Obligations, Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitment Commitments shall not be permanently reduced by the amount of any such prepayments.