Application of Prepayments Reductions. Unless otherwise specified by the applicable Credit Party in a notice of prepayment, (a) any amount to be applied pursuant to Section 2.7A or C shall be applied as follows: first, to prepay outstanding reimbursement obligations with respect to Letters of Credit; second, to prepay Loans to the full extent thereof; and
Appears in 3 contracts
Sources: Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)