Ratable Application. Any prepayment made pursuant to this Section 2.05 shall be applied ratably against (i) principal obligations of the Term Loans and the installments thereof in the inverse order of maturity, (ii) accrued interest on the principal amount being prepaid to the date of prepayment, (iii) any Funding Losses payable pursuant to Section 2.08 and (iv) fees, if any, payable in connection with such prepayment of the Term Loans to the extent required under the Origination Fee Letter.
Appears in 2 contracts
Sources: Financing Agreement (Unique Logistics International, Inc.), Financing Agreement (Unique Logistics International, Inc.)