Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans in inverse order of maturity.
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Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans in inverse order of maturitythereof.
Appears in 2 contracts
Samples: Credit Agreement (Jones Financial Companies LLLP), Credit Agreement (Unitrin Inc)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i2.4B(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans (but without any reduction in inverse order of maturitythe Revolving Loan Commitments).
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Samples: Credit Agreement (Joy Global Inc)
Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection Subsection 2.4A(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans in inverse order of maturitythereof.
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Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by the Borrower Company in the applicable notice of prepayment; provided that in the event the Borrower Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans in inverse order of maturitythereof.
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Application of Voluntary Prepayments. Any voluntary prepayments pursuant to subsection 2.4A(i2.4B(i) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans (but without any reduction in inverse order of maturity.the Revolving Loan Commitments). (b)
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Samples: Credit Agreement (Joy Global Inc)
Application of Voluntary Prepayments. (1) Any voluntary prepayments pursuant to subsection 2.4A(i2.4A(i)(a) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Revolving Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and second to repay outstanding Revolving Loans to the full extent thereof and third to repay outstanding Term Loans in inverse order of maturitythereof.
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