Common use of Ratable Application Clause in Contracts

Ratable Application. Each prepayment of Tranche A Loans or Tranche B Loans pursuant to this Section 2.09 shall be applied ratably to the Tranche A Loans or Tranche B Loans, respectively, of the several Lenders.

Appears in 2 contracts

Sources: Debtor in Possession Credit Agreement (Mariner Post Acute Network Inc), Debt Agreement (Vencor Inc)