Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans and Tranche B Term Loans and the Scheduled Installments of Principal Thereof. Except as provided in subsection 2.4D, any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the Tranche B Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, set forth in subsection 2.4A(i) or 2.4A(ii) that is unpaid at the time of such prepayment. Notwithstanding the foregoing, in the case of any mandatory prepayment of the Tranche B Term Loans, so long as there are Tranche A Term Loans outstanding, Lenders of the Tranche B Term Loans may waive the right to receive the amount of such mandatory prepayment of the Tranche B Term Loans. If any Lender or Lenders elect to waive the right to receive the amount of such mandatory prepayment, all of the amount that otherwise would have been applied to mandatorily prepay the Tranche B Term Loans of such Lender or Lenders shall be applied instead to the further prepayment of the Tranche A Term Loans and any amount remaining after such further prepayment of the Tranche A Term Loans may be retained by Company.
Application of Mandatory Prepayments of Term Loans. TO TRANCHE A TERM LOANS, TRANCHE B TERM LOANS AND TRANCHE C TERM LOANS AND THE SCHEDULED INSTALLMENTS OF PRINCIPAL THEREOF. Any mandatory prepayments of Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans and the Tranche C Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans or the Tranche C Term Loans as set forth in subsections 2.4A(i), 2.4A(ii) and/or 2.4A(iii) in such order as Company shall elect.
Application of Mandatory Prepayments of Term Loans. TO TRANCHE A TERM LOANS, TRANCHE B TERM LOANS AND THE SCHEDULED INSTALLMENTS OF PRINCIPAL THEREOF. Any mandatory prepayments of Borrower's Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the Tranche B Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof). Any mandatory prepayment of the Tranche A Term Loans or the Tranche B Term Loans shall be applied to scheduled installments of principal of such Tranche A Term Loans or the Tranche B Term Loans, as the case may be, set forth in subsection 2.4A(i) or 2.4A(ii), respectively, that are unpaid at the time of such prepayment in the forward order of maturity.
Application of Mandatory Prepayments of Term Loans. Any mandatory prepayments of the Term A Loans and Term B Loans (i) pursuant to subsection 2.4B(iii)(b), (c), (d) or (e) shall be applied to reduce the scheduled installments of principal of the Term A Loans and Term B Loans, as the case may be, set forth in subsection 2.4A(i) and 2.4A(ii), respectively, in inverse order of 41 48 maturity and (ii) pursuant to subsection 2.4B(iii)(a) shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled installment of principal of the Term A Loans and Term B Loans, as the case may be, set forth in subsection 2.4A(i) and 2.4A(ii), respectively, that is unpaid at the time of such prepayment.
Application of Mandatory Prepayments of Term Loans. Any mandatory prepayments of any Term Loans pursuant to subsection 2.4B(iii) shall be applied first to reduce the amount due on the Term Loan Maturity Date until such amount has been reduced to zero and, thereafter, pro rata to reduce the scheduled installments of principal of such Term Loans (other than the amount due on the Term Loan Maturity Date) set forth in subsection 2.4A until all such Term Loans have been paid in full.
Application of Mandatory Prepayments of Term Loans. Each mandatory prepayment of Term Loans pursuant to clause (a) or (c) of Section 6.3.2 shall be applied to the outstanding Term Loans on a pro rata basis with respect to each remaining installment thereof until such Term Loans shall have been fully prepaid. Each mandatory prepayment of Term Loans pursuant to clause (b) of Section 6.3.2 shall be applied first, to the next scheduled quarterly repayment of the outstanding Term Loans up to an aggregate of $6,250,000, and second, to the remaining quarterly repayments of the outstanding Term Loans in the inverse order of maturity until such Term Loans shall have been fully prepaid; provided that any Net Cash Proceeds from the sale of Clean Earth, Inc. shall be applied to the outstanding Term Loans on a pro rata basis with respect to each remaining installment thereof until such Term Loans shall have been fully prepaid. Prepayments shall be applied pro rata to the applicable Term Loans of all Banks in accordance with their Percentages."
Application of Mandatory Prepayments of Term Loans and the Scheduled Installments of Principal Thereof Except as provided in Section 2.4(d), any mandatory prepayments of the Term Loans pursuant to Section 2.4(b)(iii) shall be applied to reduce the remaining scheduled installments of the Term Loans set forth in Section 2.4(a) on a pro rata basis.
Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans and Tranche B Term Loans and the Scheduled Installments of Principal Thereof. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to prepay the Tranche A Term Loans and the Tranche B Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof). Any such mandatory prepayments applied to the Tranche A Term Loans or the Tranche B Term Loans shall be applied to reduce the scheduled installments of principal of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, set forth in subsection 2.4A(i) or 2.4A(ii), respectively, as follows:
Application of Mandatory Prepayments of Term Loans to Tranche A Term Loans and Tranche B Term Loans and the Scheduled Installments of Principal Thereof.
Application of Mandatory Prepayments of Term Loans. Any mandatory prepayments of the Tranche A Term Loans and the Tranche B Term Loans pursuant to subsection 2.4B(iii) in accordance with subsection 2.4B(iv) (b) shall be applied to reduce the scheduled installments of principal of such Tranche A Term Loans and Tranche B Term Loans (as the case may be) set forth in subsection 2.4A on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each such scheduled installment that is unpaid at the time of such prepayment, except as applied to the Tranche A Term Loan Prepayment Amount in accordance with the definition thereof.
