Asset Sale Proceeds. The Borrower shall repay the Loans outstanding under the Commitments as set forth in Section 7.4(a) hereof. On and after the Facility B Commitment Termination Date any such payments in respect of the Facility B Commitment shall be applied to Loans outstanding thereunder in inverse order of maturity.
Appears in 3 contracts
Samples: Loan Agreement (Metrocall Inc), Assignment and Assumption Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)
Asset Sale Proceeds. The Borrower shall repay the Loans outstanding under the Commitments Facility B Commitment and the Facility C Commitment as set forth in Section 7.4(a) hereof, pro rata between such Commitments. On and after the Facility B Commitment Termination Date any Any such payments in respect of the Facility B Commitment shall be applied to Loans outstanding thereunder in inverse order of maturity.
Appears in 2 contracts
Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)
