Common use of Application of Payments and Prepayments Clause in Contracts

Application of Payments and Prepayments. (1) Each prepayment pursuant to Section 2.05(1), Section 2.05(2), Section 2.05(3), or Section 2.06 shall be applied ratably to the repayments pursuant to Section 2.04.

Appears in 3 contracts

Samples: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

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Application of Payments and Prepayments. (1) Each prepayment pursuant to Section 2.05(12.06(2), Section 2.05(22.06(3), Section 2.05(32.06(4), or or, in the case of the Term Loan Facility, Section 2.06 2.07 shall be applied ratably to the repayments pursuant to Section 2.042.05(3).

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

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