Application of Term Loan Prepayments. All Term Loan prepayments shall, to the extent possible, be first applied to prepay Base Rate Portions and then if any funds remain, to prepay LIBOR Portions.
Application of Term Loan Prepayments. Each prepayment of Loans pursuant to the foregoing subclauses (i) and (ii) of this Section 2.05(b) shall be applied to the remaining scheduled installments of principal thereof in direct order of maturity unless otherwise directed by the Borrower, and the Borrower may elect to apply such prepayments of Term Loans to one or more Class or Classes of Term Loans selected by the Borrower in its sole discretion (provided that such prepayments may not be directed to a later maturing Class without at least a pro rata repayment of any earlier maturing Classes). Subject to Section 2.15, such prepayments shall be paid to the Term Lenders in accordance with their respective Applicable Percentages in respect of the Term Facilities.
Application of Term Loan Prepayments. All optional prepayments on any of the Term Loans pursuant to Section 2.8(a) shall be applied pro rata to reduce principal then outstanding.
Application of Term Loan Prepayments. All prepayments which are applied to reduce the principal amount of the Term Loans shall reduce the aggregate principal amount payable by the Borrowers on the then remaining Term Loan Installment Dates on a pro rata basis. Without modifying the order of application of Term Loan prepayments set forth in the preceding sentence, all such prepayments shall, to the extent possible, be first applied to prepay Base Rate Portions and then if any funds remain, to prepay LIBOR Portions.
Application of Term Loan Prepayments. Subject to Section 2.08(d), all prepayments of the Term Loans shall be applied as follows: first, to reduce the principal amount payable by the Borrowers on the most remote scheduled Term Loan Installment Date and all accrued but unpaid interest thereon until such scheduled payment (and unpaid interest) is reduced to zero and second, to reduce the aggregate principal amount payable by the Borrowers on the then remaining Term Loan Installment Dates in the inverse order of their due dates. If after giving effect to such application of a prepayment, the Term Loans have been paid in full, any unapplied portion thereof shall be applied as follows: (A) to prepay the Swing Line Loans to the extent Swing Line Loans are then outstanding, (B) then to prepay the Revolving Loans to the extent Revolving Loans are then outstanding and (C) otherwise, to Cash Collateralize the Obligations in an amount equal to 107% of the then Effective Amount of the L/C Obligations. Without modifying the order of application of prepayments set forth in the preceding sentence, all such prepayments shall, to the extent possible, be first applied to prepay Base Rate Loans and Base Rate Portions and then if any funds remain, to prepay LIBOR Loans and LIBOR Portions.
Application of Term Loan Prepayments. All prepayments which are applied to reduce the principal amount of the Term Loans shall (i) be applied to the Term Loan A Loans and the Term Loan B Loans on a pro rata basis, (ii) reduce the aggregate principal amount payable by the Borrower on the then remaining Term Loan Installment Dates on a pro rata basis. Without modifying the order of application of Term Loan prepayments set forth in the preceding sentence, all such prepayments shall, to the extent possible, be first applied to prepay Base Rate Portions and then if any funds remain, to prepay LIBOR Portions.
Application of Term Loan Prepayments. All prepayments which are applied to reduce the principal amount of the Term Loans shall reduce the aggregate principal amount payable by Borrower on the then remaining Term Loan Installment Dates in inverse order commencing with the Term Loan Maturity Date. Without modifying the order of application of Term Loan prepayments set forth in the preceding sentence, all such prepayments shall, to the extent possible, be first applied to prepay Base Rate Portions and then if any funds remain, to prepay LIBOR Portions.
Application of Term Loan Prepayments. Prepayments of the Term ------------------------------------ Loans made pursuant to: (A) Section 2.4(a) shall be applied to the remaining Mandatory Scheduled Payments in inverse order of maturity, (B) Section 2.4(b) shall be applied to the applicable Mandatory Scheduled Payment(s) being paid, (C) Section 2.4(d) or 2.4(e) shall be applied to the remaining Mandatory Scheduled Payments in inverse order of maturity, (D) Section 2.4(f) shall be applied to the remaining Mandatory Scheduled Payments in accordance with the Asset Sales Application Method, and (E) Section 2.4(g) shall be applied on a pro rata weighted basis among the remaining Mandatory Scheduled Payments.
Application of Term Loan Prepayments. Prepayments of the Term ------------------------------------ Loans made pursuant to: (A) Section 2.4(a) shall be applied to the remaining Mandatory Scheduled Payments in inverse order of maturity, (B) Section 2.4(b) shall be applied to the applicable Mandatory Scheduled Payment(s) being paid,
Application of Term Loan Prepayments. Any optional or mandatory partial prepayment of the Term Loans shall be applied to the Term Loans on a first made, first paid basis and the partial prepayments applied to any Term Loan shall be applied against the installments due thereon in the inverse order of maturities.
