Common use of Application of Mandatory Prepayments Clause in Contracts

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers to Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay the outstanding principal balance of the Revolving Loans and, thereafter, any excess shall be retained by Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an a Trigger Event of Default, any payment made by Borrowers the Issuer to Administrative Agent the Purchasers pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay the outstanding principal balance of the Revolving Loans and, thereafter, Obligations ratably and any excess shall be retained by Borrowerthe Issuer.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to Administrative Agent the Lenders pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans andLoans, thereafterand then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrowers to Administrative an Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the Revolving Loans anduntil paid in full, thereafterand second, any the excess (if any) shall be retained by Borrowerthe Borrowers.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans Supplemental Loans, second, to repay the outstanding principal balance of the Initial Term Loans, and third, to repay all other Obligations due and payable hereunder and, thereafterthen, with any excess shall to be retained by distributed to the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans Term Loans, second, to repay all other Obligations due and payable hereunder and, thereafterthen, with any excess shall to be retained by distributed to the Borrower. SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to Administrative an Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the Revolving Loans anduntil paid in full in accordance with Section 2.14(h), thereafterand second, any the excess (if any) shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans Loans, second, to provide cash collateral to the extent required hereunder and, thereafterthen, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Acceleration Event of Default, any payment made by Borrowers to Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay the outstanding principal balance of the Revolving Loans (in such order as Administrative Agent may from time to time elect) and, thereafter, any excess shall be retained by Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to Administrative Agent the Lender pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay accrued and unpaid interest on the Loan, second to repay the outstanding principal balance of the Revolving Loans and, thereafterLoan and then, any excess shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay to the outstanding principal balance of the Revolving Loans Loans, second, to repay ratably the outstanding principal balance of the Term Loans, and, thereafterthen, any excess shall be retained by the Borrower.. CREDIT AGREEMENT FOR REGENT BROADCASTING, LLC

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay reduce the remaining outstanding principal balance of amounts under the Revolving Loans and, thereafter, any excess shall be retained by BorrowerFacility.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers any Borrower to the Administrative Agent pursuant to Section 2.8 2.4 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay the outstanding principal balance of the Revolving Loans and, thereafter, any excess shall be retained by BorrowerTerm Loans.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Company to Administrative the Subordinated Notes Agent pursuant to Section 2.8 2.4 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay ratably the outstanding principal balance of the Revolving Loans Subordinated Notes, and, thereafterthen, any excess shall be retained by Borrowerthe Company.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers to Administrative Agent pursuant to Section 2.8 2.5(c) or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans Delayed Draw Term Loans, second, to pay any other Obligations then due and payable, and, thereafterthen, any excess shall be retained by Borrowerreturned to Borrowers.

Application of Mandatory Prepayments. Subject to the provisions of clause (cg) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 6.4 and Section 6.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (bf) shall be applied applied: first, to repay the outstanding principal balance of the Revolving Loans andof the Lenders on a pro rata basis until paid in full, thereafterand second, any the excess (if any) shall be retained by the Borrower.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 2.8(a) or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied to repay the outstanding principal balance Principal Balance of the Revolving Term Loans and, thereafter, and any excess partial prepayment shall be retained by Borrowerapplied to the remaining installments of the Term Loans in the inverse order of their amortization.

Application of Mandatory Prepayments. Subject to the provisions of clause (cSection 2.9(c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrowers to the Administrative Agent pursuant to Section 2.8 2.6 or any other prepayment of the Obligations required to be applied in accordance with this clause (bSection 2.9(b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans and, thereafterthen, any excess shall be retained by Borrowerthe Borrowers.

Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by Borrowers the Borrower to the Administrative Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to repay the outstanding principal balance of the Revolving Loans Loans, second, in the case of any payment required pursuant to Section 2.8(c), and, thereafterthen, any excess shall be retained by the Borrower. CREDIT AGREEMENT PARLUX LTD.