Common use of Adjustment of Amortization Schedule Clause in Contracts

Adjustment of Amortization Schedule. Any prepayment of a Term Borrowing of any Class, shall be applied to reduce the subsequent scheduled repayments of the applicable Term Borrowings to be made pursuant to this Section 2.09 (i) in the case of any optional prepayment of Term Loans pursuant to Section 2.10(a), as directed by GEO and (ii) in the case of any mandatory prepayment of Term Loans pursuant in Section 2.10(b), in direct order of maturity.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

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Adjustment of Amortization Schedule. Any prepayment of a Term Borrowing of any ClassClass (including, in the case of any Incremental Term Borrowing, any Series thereof) shall be applied to reduce the subsequent scheduled repayments principal installments of the applicable Term Borrowings to be made pursuant to this Section 2.09 (i) ratably, in the case of a prepayment made pursuant to Section 2.09(b), or (ii) in direct order of maturity, in the case of any optional prepayment of other prepayment. To the extent not previously paid, all Term Loans pursuant to Section 2.10(a), as directed by GEO shall be due and (ii) in payable on the case of any mandatory prepayment of respective Term Loans pursuant in Section 2.10(b), in direct order of maturityLoan Maturity Dates.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

Adjustment of Amortization Schedule. Any prepayment of a Term Borrowing of any Class, shall be applied to reduce the subsequent scheduled repayments principal installments of the applicable Credit Agreement Term Borrowings to be made pursuant to this Section 2.09 (i) ratably, in the case of a prepayment made pursuant to Section 2.09(b), or (ii) in direct order of maturity, in the case of any optional prepayment of other prepayment. To the extent not previously paid, all Term Loans pursuant to Section 2.10(a), as directed by GEO shall be due and (ii) in payable on the case of any mandatory prepayment of Term Loans pursuant in Section 2.10(b), in direct order of maturityLoan Maturity Date.

Appears in 1 contract

Samples: Security Agreement (Pacificare Health Systems Inc /De/)

Adjustment of Amortization Schedule. Any optional or mandatory prepayment of a Term Borrowing of any Class, shall be applied ratably to reduce the subsequent scheduled repayments of the applicable Term Borrowings to be made pursuant to this Section 2.09 (i) in Section. To the case of any optional prepayment of extent not previously paid, all Term Loans pursuant to Section 2.10(a), as directed by GEO shall be due and (ii) in payable on the case of any mandatory prepayment of Term Loans pursuant in Section 2.10(b), in direct order of maturityLoan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Baldor Electric Co)

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Adjustment of Amortization Schedule. Any prepayment of a Term Loan Borrowing of any Class, shall be applied to reduce the subsequent scheduled repayments of the applicable Term Borrowings to be made pursuant to this Section 2.09 (i) in the case of any optional prepayment of Term Loans pursuant to Section 2.10(a), as directed by GEO and (ii) in the case of any mandatory prepayment of Term Loans pursuant in Section 2.10(b), in direct order of maturity.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

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