Application to Repayment Amounts. Subject to Section 5.2(h), each prepayment of Senior Interim Loans required by Section 5.2(a)(i) (except for Debt Incurrence Prepayment Events resulting from the incurrence of Senior Notes) shall be applied on a pro rata basis based on the aggregate principal amount of Senior Interim Loans and Senior Subordinated Interim Loans outstanding at such time. Subject to Section 5.2(h), each prepayment of Senior Interim Loans required by Section 5.2(a)(i) solely resulting from the incurrence of Senior Notes shall be applied on a pro rata basis based on the aggregate principal amount of Senior Interim Loans. Subject to Section 5.2(h), with respect to each such prepayment, the Borrower will, not later than the date specified in Section 5.2(a) for making such prepayment, give the Administrative Agent telephonic notice (promptly confirmed in writing) requesting that the Administrative Agent provide notice of such prepayment to each Lender.
Appears in 1 contract
Sources: Senior Unsecured Interim Loan Agreement (First Data Corp)
Application to Repayment Amounts. Subject to Section 5.2(h), each prepayment of Senior Subordinated Interim Loans required by Section 5.2(a)(i) (except for Debt Incurrence Prepayment Events resulting from the incurrence of Senior Subordinated Notes) shall be applied on a pro rata basis based on the aggregate principal amount of Senior Interim Loans and Senior Subordinated Interim Loans outstanding at such time. Subject to Section 5.2(h), each prepayment of Senior Subordinated Interim Loans required by Section 5.2(a)(i) solely resulting from the incurrence of Senior Subordinated Notes shall be applied on a pro rata basis based on the aggregate principal amount of Senior Subordinated Interim Loans. Subject to Section 5.2(h), with respect to each such prepayment, the Borrower will, not later than the date specified in Section 5.2(a) for making such prepayment, give the Administrative Agent telephonic notice (promptly confirmed in writing) requesting that the Administrative Agent provide notice of such prepayment to each Lender.
Appears in 1 contract
Sources: Senior Subordinated Interim Loan Agreement (First Data Corp)
Application to Repayment Amounts. Subject to Section 5.2(h), each prepayment of Senior Subordinated Interim Loans required by Section 5.2(a)(i) (except for Debt Incurrence Prepayment Events resulting ), the proceeds of which are derived from the incurrence of Senior Subordinated Notes) , shall be applied on a pro rata basis based on to the aggregate principal amount of Senior Interim Loans and outstanding Senior Subordinated Interim Loans outstanding at such timeLoans. Subject to Section 5.2(h), each prepayment of Senior Subordinated Interim Loans required by Section 5.2(a)(i) solely resulting ), the proceeds of which are derived from the any incurrence of Senior Notes Indebtedness pursuant to Section 9.7(a), shall be applied on a pro rata basis based on to the aggregate principal amount of the outstanding Senior Interim Loans and Senior Subordinated Interim Loans. Subject to Section 5.2(h), with respect to each such prepayment, the Borrower will, not later than the date specified in Section 5.2(a) for making such prepayment, give the Administrative Agent telephonic notice (promptly confirmed in writing) requesting that the Administrative Agent provide notice of such prepayment to each Lender.
Appears in 1 contract
Sources: Senior Subordinated Interim Loan Agreement (First Data Corp)