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

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(g) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, third, 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 and fourth, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (CFP Holdings Inc)

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Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(d) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, thirdsecond, 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 and fourthprepayment, 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 fourth, in an amount equal to 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 (Smiths Food & Drug Centers Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.5B(iv) or (v) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, third, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and and, in the case of prepayments pursuant to subsection 2.5(B)(v), to permanently reduce the Revolving Loan Commitments by the amount of such prepayment and fourthprepayment, 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: Credit Agreement (Prime Hospitality Corp)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) Unless an Event of Default has occurred and (h)is continuing, any amount (the "Applied 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)-(g2.4B(iii)(a) - 2.4B(iii)(g) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, third, 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 and fourthsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof.thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and is continuing, any amount required to be applied as a mandatory prepayment shall be applied as set forth in subsection 2.4D.

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(f) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, thirdsecond, 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 and fourthprepayment, 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 fourth, 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 (Digitas Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(e) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, thirdsecond, 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 and fourthprepayment, 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 fourth, in an amount equal to 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 (Bay Area Warehouse Stores Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(c) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amountsecond, to prepay Term Loans A to the full extent thereof, third, 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 and fourthprepayment, 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 fourth, 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 (Isle of Capri Casinos Inc)

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Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(e) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans AXELs to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, thirdsecond, 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 and fourthprepayment, 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 fourth, 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 (Prime Succession Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any Any amount (the "β€œApplied 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)-(g2.4B(iii)(a)-(c) shall be applied first applied, first, to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second second, to the extent of any remaining portion of the Applied Amount, to prepay Term the prepayment of the Swing Line Loans A to the full extent thereofthereof without any permanent reduction of the Revolving Loan Commitments, third, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line prepayment of the Revolving Loans and the cash collateralization of outstanding Letters of Credit to the full extent thereof and to permanently reduce thereof, without a permanent reduction of the Revolving Loan Commitments by the amount of such prepayment and Commitments, and, fourth, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereofBorrower.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Application of Mandatory Prepayments by Type of Loans. Except as otherwise set forth in subsection 2.4B(iii)(e) and (h), any 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)-(g2.4B(iii)(a)-(e) shall be applied first to prepay the Tranche A Term Loan and Tranche B Term Loans to the full extent thereof, second to the extent of any remaining portion of the Applied Amount, to prepay Term Loans A to the full extent thereof, thirdsecond, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans to the full extent thereof and thereby to permanently reduce the Revolving Loan Commitments by the amount of such prepayment and fourthprepayment, third, to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and thereby to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment, and fourth, 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: Security Agreement (Arterial Vascular Engineering Inc)

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