Application of Prepayments and Reductions of Commitments. (a) Application of Voluntary Prepayments by Type of Loans and Maturity. Any voluntary prepayments pursuant to subsection 2.4D(i) shall be applied as specified by Company in the applicable notice of prepayment. In the event Company fails to specify the Loans to which prepayment shall be applied, such prepayment shall be applied first, to outstanding Revolving Loans to the full extent thereof, second to outstanding 5-Year Term Loans and third to outstanding Other Term Loans. Any voluntary prepayments of the 5-Year Term Loans or the Other Term Loans pursuant to subsection 2.4D(i) shall be applied to reduce the scheduled installments of principal of the 5-Year Term Loans or the Other Term Loans set forth in subsection 2.4A or in the related Incremental Assumption Agreement, as applicable, as specified by Company or, if no such order is specified, in direct order of maturity. (b) Application of Prepayments to Alternate Base Rate Loans and Eurodollar Rate Loans. Considering 5-Year Term Loans, Other Term Loans and Revolving Loans being prepaid separately, any prepayment thereof shall be applied first to Alternate Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Company pursuant to subsection 2.6D.
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Application of Prepayments and Reductions of Commitments. (a) Application of Voluntary Prepayments by Type of Loans and Maturity. Any voluntary prepayments pursuant to subsection 2.4D(i2.4B(i) shall be applied as specified by Company in the applicable notice of prepayment. In the event Company fails to specify the Loans to which prepayment shall be applied, such prepayment shall be applied first, to outstanding Revolving Swing Line Loans to the full extent thereof, second to outstanding 5-Year Term Revolving Loans to the full extent thereof and third to outstanding Other Term Loans. Any voluntary prepayments of the 5-Year Term Loans or the Other Term Loans pursuant to subsection 2.4D(i2.4B(i) shall be applied to reduce the scheduled installments of principal of the 5-Year Term Loans or the Other Term Loans set forth in subsection 2.4A or in the related Incremental Assumption Agreement, as applicable2.4A, as specified by Company or, if no such order is specified, in direct order of maturity.
(b) Application of Prepayments to Alternate Base Rate Loans and Eurodollar Rate Loans. Considering 5-Year Term Loans, Other Term Loans and Revolving Loans being prepaid separately, any prepayment thereof shall be applied first to Alternate Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Company pursuant to subsection 2.6D.
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