Common use of Application Among Loans and Interest Rate Options Clause in Contracts

Application Among Loans and Interest Rate Options. All prepayments pursuant to this Section 5.5 shall first be applied to the Term Loans pro rata to the remaining scheduled amortization payments thereunder, and then to the Revolving Credit Loans outstanding, if any, and the excess, if any, shall be returned to the Borrower. All prepayments required pursuant to this Section 5.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a Euro-Rate Option. In accordance with Section 5.6.2 [Indemnity], the Borrower shall indemnify the Banks for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Loans and Interest Rate Options. All prepayments pursuant to this Section 5.5 5.8 shall first be applied to the Term Loans pro rata to the remaining scheduled amortization payments thereunder, and then to the Revolving Credit Loans outstanding, if any, and/or the Term Loans, as applicable, and the excess, if any, shall be returned to the Borrower. All prepayments required pursuant to this Section 5.5 5.8 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans denominated in Dollars and subject to a Euro-Rate Option, then to the Optional Currency Loans. In accordance with Section 5.6.2 5.11 [Indemnity], the Borrower shall indemnify the Banks Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Loans and Interest Rate Options. All prepayments pursuant to this Section 5.5 5.7 shall first be applied to the Term Loans pro rata to the remaining scheduled amortization payments thereunder, and then to the Revolving Credit Loans outstanding, if any, and the excess, if any, shall be returned to the Borrower. All prepayments required pursuant to this Section 5.5 5.7 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans denominated in Dollars and subject to a Euro-Rate Option, then to the Optional Currency Loans. In accordance with Section 5.6.2 5.10 [Indemnity], the Borrower shall indemnify the Banks Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

Application Among Loans and Interest Rate Options. All prepayments pursuant to this Section 5.5 5.7 shall be first be applied to the Term Loans pro rata to the remaining scheduled amortization payments thereunder, and then to the Revolving Credit Loans outstanding, if any, and the excess, if any, shall be returned to the Borrower. All prepayments required pursuant to this Section 5.5 5.7 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans denominated in Dollars and subject to a the Euro-Rate Option, then to Optional Currency Loans. In accordance with Section 5.6.2 5.10 [Indemnity], the Borrower shall indemnify the Banks Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.