Common use of Application of Prepayments Clause in Contracts

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 4 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Deed of Amendment and Restatement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 7.5 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 3 contracts

Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 9.1 (Illegality and Illegality), Clause 9.2 (Sanctions affecting a LenderPrepayment Events) or Clause 7.7 8.3 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 2 contracts

Sources: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.4 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 2 contracts

Sources: Syndication and Amendment Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.4 (Right of cancellation and repayment and cancellation in relation to a single Lender) or Clause 9.9 (Application of prepayments)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 2 contracts

Sources: Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.), Facility Agreement (Giant Interactive Group Inc.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.4 (Right of cancellation and repayment and cancellation in relation to a single Lender) or sub-paragraph (B) of paragraph (a) of Clause 37.6 (Replacement of Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 2 contracts

Sources: Facility Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender)) or Clause 7.7 7.5 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 2 contracts

Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender)) or Clause 7.7 7.6 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 8.8 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.. 63 ‌ EUROPE/73091764v9 ​

Appears in 2 contracts

Sources: Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 9.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 9.8 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (InterXion Holding N.V.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 8.8 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.. 63 ‌ EUROPE/75083879v5 ​

Appears in 1 contract

Sources: Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 10.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 10.5 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Senior Facilities Agreement (OpSec Holdings)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment to a single Lender pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality), Clause 7.2 (Change of control) or Clause 7.7 7.6 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facilities Agreement

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 ‎9.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 ‎9.5 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Senior Facilities Agreement (Inspired Entertainment, Inc.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.4 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facilities Agreement (Lesaka Technologies Inc)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions Laws affecting a Lender)) or Clause 7.7 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender)) or Clause 7.7 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.. 39 EUROPE/78925568v7

Appears in 1 contract

Sources: Term Loan Facility (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.9 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.. ​

Appears in 1 contract

Sources: Facility Agreement (Okeanis Eco Tankers Corp.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Illegality), Clause 7.7 7.4 (Right of replacement or repayment and cancellation in relation to a single Lender)) or Clause 7.5 (Right of cancellation and repayment in relation to a Defaulting Lender) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (GSK PLC)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.6 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Castor Maritime Inc.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions Laws affecting a Lender)) or Clause 7.7 7.6 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.. 38 EUROPE/79885433v3

Appears in 1 contract

Sources: Term Loan Facility (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 8.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 8.9 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Loan Agreement (International Seaways, Inc.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 7.5 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.6 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (Globus Maritime LTD)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 7.6 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (Taylor Maritime Investments LTD)

Application of Prepayments. Any In case of any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 7.6 (Right of repayment and cancellation in relation to a single Lender)) , shall be applied pro rata to each Lender's ’s participation in that part of the Loan.. ​

Appears in 1 contract

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 7.6 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility (Navios South American Logistics Inc.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality), Clause 7.3 (Change of Control) or Clause 7.7 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Bridge Facility Agreement

Application of Prepayments. Any prepayment of any part of the a Loan pursuant to this Agreement (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 (Right of Replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Bridge Loan Facility Agreement (Lifezone Metals LTD)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment to a single Lender pursuant to Clause Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality), Clause 7.2 (Change of control) or Clause 7.7 (Right of replacement or repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a LenderIllegality)) or Clause 7.7 7.10 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the a Loan (other than a prepayment pursuant to Clause 7.1 clause 9.1 (Illegality and Sanctions affecting a LenderIllegality) or Clause 7.7 clause 9.7 (Right of cancellation and repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's participation in that part of the Loan.

Appears in 1 contract

Sources: Facilities Agreement

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Term Loan Facility (Navios Maritime Partners L.P.)

Application of Prepayments. Any prepayment of any part of the Loan (other than a prepayment pursuant to Clause 7.1 (Illegality and Sanctions affecting a Lender) or Clause 7.7 7.6 (Right of repayment and cancellation in relation to a single Lender)) shall be applied pro rata to each Lender's ’s participation in that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Partners L.P.)