Common use of Treatment of Prepayments Clause in Contracts

Treatment of Prepayments. Except for any mandatory prepayment made pursuant to Section 2.07 and any prepayment made under Sections 2.06(c) and 2.09, and notwithstanding when such prepayment is made, each partial prepayment of the Loans shall be deemed to reduce the Allocated Loan Amounts pro-rata in accordance with the Allocated Loan Amount for each Project.

Treatment of Prepayments. Except for any mandatory prepayment made pursuant to Section 2.07 and any prepayment made under Sections 2.06(c) and 2.09, and notwithstanding when such prepayment is made, each partial prepayment of the Loans shall be deemed applied to reduce the Allocated Loan Amounts pro-rata in accordance with the Allocated Loan Amount for each Project.