Application of Prepayments. Any prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.17.
Appears in 5 contracts
Samples: Credit Agreement (FreightCar America, Inc.), Credit Agreement (Pacific Investment Management Co LLC), Credit Agreement (Pacific Investment Management Co LLC)
Application of Prepayments. Any Each prepayment shall be applied first to outstanding Base Rate Loans until paid in full and thereafter to the full extent thereof before application to outstanding Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.17.
Appears in 3 contracts
Samples: Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp)
Application of Prepayments. (a) Any prepayment shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.17.
Appears in 2 contracts
Samples: Security Agreement (X Rite Inc), Credit and Guaranty Agreement (X Rite Inc)
Application of Prepayments. Any prepayment of Term Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower the Company pursuant to Section 2.172.15(c).
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Tesoro Petroleum Co Inc), Credit Agreement (Calpine Corp)
Application of Prepayments. Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans. Any prepayment of Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower Company pursuant to Section 2.172.18(c).
Appears in 1 contract
Samples: Pledge and Security Agreement (American Reprographics CO)
Application of Prepayments. Any prepayment of Loans shall be applied first to Alternate Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower Company pursuant to Section 2.17.subsection 2.6D.
Appears in 1 contract
Application of Prepayments. (a) Any prepayment of the Term Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.172.15(c).
Appears in 1 contract
Samples: Credit and Guaranty Agreement (California Coastal Communities Inc)
Application of Prepayments. Any prepayment of Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by the Borrower pursuant to Section 2.172.15(c).
Appears in 1 contract
Application of Prepayments. Any Each prepayment of the Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower the Company pursuant to Section 2.17.subsection 2.7D.
Appears in 1 contract
Application of Prepayments. Any prepayment All pre payments of the Revolving Loans required by Section 2.11 shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Loans, in each case in a manner which minimizes the amount of any payments required to be made by the Borrower pursuant to Section 2.172.16.
Appears in 1 contract
Samples: Credit Agreement (Stage Stores Inc)
