Common use of Application of Mandatory Prepayments by Type of Loans Clause in Contracts

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f) shall be applied FIRST to prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRD, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Appears in 1 contract

Samples: Company Credit Agreement (Wj Communications Inc)

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Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied FIRST first to prepay the Term Loans to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDthird, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Optel Inc)

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNTApplied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied FIRST applied: first to prepay the Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Swing Line Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDthird, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.prepay

Appears in 1 contract

Samples: Security Agreement (Aurora Foods Inc /Md/)

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNTApplied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f) shall be applied FIRST first to prepay the Term Loans to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, third to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDfourth, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.of

Appears in 1 contract

Samples: Credit Agreement (Mitel Corp)

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f) shall be applied FIRST first to prepay the Term Loans to the full extent thereof, SECONDsecond, to the extent of any remaining portion of such amount, to prepay the Applied AmountSwing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDfourth, to the extent of any remaining portion of the Applied Amountsuch amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Appears in 1 contract

Samples: Security Agreement (Ackerley Group Inc)

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Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNTApplied Amount") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(j) shall be applied FIRST to first prepay the Term Loans to the full extent thereof, SECONDsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDthird, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof. Any amount required to be applied as a mandatory repayment of Revolving Loans pursuant to subsection 2.4B(iii)(m) shall be applied to prepay Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNTApplied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(d) shall be applied FIRST to first prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the and Revolving Loans then outstanding on a pro rata basis to the full extent thereof (and to further permanently reduce the Revolving Loan Commitments by the amount of such prepaymentprepayment of Revolving Loans), and THIRDsecond, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(fSection 4.02(c)(i) shall be applied FIRST first to prepay the Term Swing Line Loans to the full extent thereof, SECONDthereof and to permanently reduce the Revolving Loan Commitments by the amount of such prepayment and second, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and THIRDthird, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Capstone Pharmacy Services Inc)

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