Common use of Application of Mandatory Prepayments Clause in Contracts

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Loans, and then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower Borrowers to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the LoansRevolving Loans and, and thenthereafter, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an a Trigger Event of Default, any payment made by the Borrower Issuer to the Lenders Purchasers pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Loans, Obligations ratably and then, any excess shall be retained by the BorrowerIssuer.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 6.4 and Section 6.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the LoansLoans of the Lenders on a pro rata basis until paid in full, and thensecond, any the excess (if any) shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Term Loans, second, to repay all other Obligations due and payable hereunder and, then, with any excess shall to be retained by distributed to the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the any Borrower to the Lenders Administrative Agent pursuant to Section 2.8 2.4 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Term Loans, and then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower Company to the Lenders Subordinated Notes Agent pursuant to Section 2.8 2.4 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay ratably the outstanding principal balance of the LoansSubordinated Notes, and and, then, any excess shall be retained by the BorrowerCompany.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower Borrowers to the Lenders an Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the LoansLoans until paid in full, and thensecond, any the excess (if any) shall be retained by the BorrowerBorrowers.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay reduce the remaining outstanding principal balance of amounts under the Loans, and then, any excess shall be retained by the BorrowerFacility.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay to the outstanding principal balance of the Revolving Loans, and second, to repay ratably the outstanding principal balance of the Term Loans, and, then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans, and second, in the case of any payment required pursuant to Section 2.8(c), and, then, any excess shall be retained by the Borrower. PARLUX LTD.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans, and second, to provide cash collateral to the extent required hereunder and, then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Lender pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay accrued and unpaid interest on the Loan, second to repay the outstanding principal balance of the Loans, Loan and then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders an Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the LoansLoans until paid in full in accordance with Section 2.14(h), and thensecond, any the excess (if any) shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower Borrowers to the Lenders Administrative Agent pursuant to Section 2.8 2.5(c) or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Delayed Draw Term Loans, second, to pay any other Obligations then due and payable, and, then, any excess shall be retained by the Borrowerreturned to Borrowers.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Lenders Administrative Agent pursuant to Section 2.8 2.8(a) or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance Principal Balance of the Loans, Term Loans and then, any excess partial prepayment shall be retained by applied to the Borrowerremaining installments of the Term Loans in the inverse order of their amortization.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Acceleration Event of Default, any payment made by the Borrower Borrowers to the Lenders Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the LoansRevolving Loans (in such order as Administrative Agent may from time to time elect) and, and thenthereafter, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (cSection 2.9(c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower Borrowers to the Lenders Administrative Agent pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (bSection 2.9(b) shall be applied first, to repay the outstanding principal balance of the LoansLoans and, and then, any excess shall be retained by the BorrowerBorrowers.