Common use of Applications of Prepayments and Reductions Clause in Contracts

Applications of Prepayments and Reductions. (i) (1) Each payment or prepayment of 2026 Revolving Loans pursuant to this Section 2.09 shall be applied ratably to the respective 2026 Revolving Loans of all of the 2026 Revolving Lenders and (2) each payment or prepayment of 2027 Revolving Loans pursuant to this Section 2.09 shall be applied ratably to the respective 2027 Revolving Loans of all of the 2027 Revolving Lenders. (ii) Each payment of principal of the Loans shall be made together with interest accrued on the amount repaid to the date of payment. (iii) Each payment of the Loans shall be applied to such Groups of Loans as the Borrower may designate (or, failing such designation, as determined by the Administrative Agent). Section 2.10

Applications of Prepayments and Reductions. (i) (1) Each payment or prepayment of 2026 Revolving Loans pursuant to this Section 2.09 shall be applied ratably to the respective 2026 Revolving Loans of all of the 2026 Revolving Lenders and (2) each payment or prepayment of 2027 Revolving Loans pursuant to this Section 2.09 shall be applied ratably to the respective 2027 Revolving Loans of all of the 2027 Revolving Lenders. (ii) Each payment of principal of the Loans shall be made together with interest accrued on the amount repaid to the date of payment. (iii) Each payment of the Loans shall be applied to such Groups of Loans as the applicable Borrower may designate (or, failing such designation, as determined by the Administrative Agent). Section 2.10