Common use of Application to Repayment Amounts Clause in Contracts

Application to Repayment Amounts. Each prepayment of Term Loans required by Section 5.2(a) shall be applied to reduce Tranche A Repayment Amounts and Tranche E Repayment Amounts in such order as the Borrower may determine up to an amount equal to the aggregate amount of the applicable Tranche A Repayment Amounts and Tranche E Repayment Amounts required to be made by the Borrower pursuant to Section 2.5(b) during the two year period immediately following the date of the prepayment (such amount being, the “Amortization Amount”); provided that to the extent that the amount of the prepayment exceeds the Amortization Amount, such excess shall be applied ratably to reduce the then remaining