Common use of Application of Certain Mandatory Prepayments Clause in Contracts

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line Loans; third, to the principal balance of the Swing Line Loans until the same has been repaid in full; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and last, to any Letter of Credit Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments shall be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), ) or (b)(iii) above or Section 5.4(c) shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansTerm Loan; third, to prepay the scheduled principal balance installments of the Swing Line Loans Term Loan on a pro rata basis, until the same Term Loan has been repaid prepaid in full; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and last, to any Letter of Credit Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), or (b)(iii1.3(b) above or 5.4(b) shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansLoan; third, to the principal balance of the Swing Line Loans Loan until the same has been repaid in full; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and lastsixth, to any Letter of Credit Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments shall be permanently reduced by the amount B; and seventh, to all other Obligations, including expenses of any such prepaymentsLenders reimbursable under Section 11.3.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(iiclauses (b)(ii), (b)(iii) or (b)(iiib)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent Lender then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansTerm Loan; third, to prepay the principal balance scheduled installments of the Swing Line Loans Term Loan in inverse order of maturity, until the same has such Loan shall have been repaid prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has shall have been paid in full; and lastsixth, until all such letter of Credit Obligations have been fully cash collateralized, to any Letter of Credit Obligations Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line Acquisition Loans; third, to prepay the scheduled principal balance installments of the Swing Line Acquisition Loans in inverse order of maturity, until the same has such Acquisition Loans shall have been repaid prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and lastsixth, to any Letter of Credit Obligations Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), ) or (b)(iii) above and any prepayments from insurance or condemnation proceeds in accordance with Section 5.4(f) shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansTerm Loan; third, to prepay the scheduled principal balance installments of the Swing Line Loans Term Loan in inverse order of maturity, until the same has such Term Loan shall have been repaid prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and lastsixth, to any Letter of Credit Obligations Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. The Revolving Loan Commitments Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower Borrowers pursuant to Sections 1.3(b)(ii), ) or (b)(iii) above shall be applied as followsin the following order: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansRevolving Credit Advances; third, to the principal balance of the Swing Line Loans until the same has been repaid in full; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and lastfourth, to any Letter of Credit Obligations Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B. B; and fifth, to pay any other Obligations that may be then due and owing. The Revolving Loan Commitments Commitment shall not be permanently reduced by the amount of any such prepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii), ) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Swing Line LoansRevolving Credit Advances; third, to the principal balance of the Swing Line Loans until the same has been repaid in full; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the outstanding principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and lastfourth, to any Letter of Credit Obligations Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitments Commitment shall be permanently reduced by the amount of any such prepaymentsprepayments at the option of the Requisite Lenders in their sole discretion.