Common use of Application of Voluntary Prepayments Clause in Contracts

Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.13 shall be applied to prepay Loans of the Lenders in accordance with their respective Pro Rata Shares.

Appears in 3 contracts

Sources: Third Lien Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Second Lien Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Third Lien Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.)

Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.13 2.10 shall be applied to prepay the Term Loans of each of the Lenders on a pro rata basis (in accordance with their the respective Pro Rata Sharesoutstanding principal amounts thereof).

Appears in 2 contracts

Sources: Second Lien Credit and Guaranty Agreement (Airbnb, Inc.), Second Lien Credit and Guaranty Agreement (Airbnb, Inc.)

Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.13 shall be applied applied, on a pro rata basis, to prepay the Loans of the Lenders in accordance with their respective Pro Rata SharesTerm Loan Exposure.

Appears in 1 contract

Sources: Bridge Credit and Guaranty Agreement (Leonardo DRS, Inc.)