Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount pursuant to subsections 2.4B(iii)(a)-(f) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Share.
Application of Mandatory Prepayments by Type of Loans. Subject to Section 2.15(d), any amount required to be paid pursuant to Sections 2.14(a) through 2.14(e) shall be applied: first, to prepay the Term Loans, the Extended Term Loans, the Other Term Loans and the Incremental Term Loans on a pro rata basis (unless any Lenders under any such Extended Term Loans, Other Term Loans or Incremental Term Loans have elected to be paid on a less than ratable basis) in the direct order of maturity to the next eight scheduled Installments of principal of the Term Loans, the Extended Term Loans, the Other Term Loans and the Incremental Term Loans, and thereafter, on a pro rata basis to the remaining Installments of principal of the Term Loans, the Extended Term Loans, the Other Term Loans and the Incremental Term Loans, respectively; second, to prepay the Swing Line Loans to the full extent thereof (without any reduction to the Revolving Credit Commitments); third, to prepay the Revolving Loans to the full extent thereof (without any reduction to the Revolving Credit Commitments); fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit (without any reduction to the Revolving Credit Commitments); and fifth, to Cash Collateralize all Letters of Credit in accordance with Section 2.4(h) (without any reduction to the Revolving Credit Commitments). Notwithstanding anything to the contrary set forth above in this Section 2.15(b), the net cash proceeds from the incurrence of any Credit Agreement Refinancing Indebtedness shall be applied as provided in the definition thereof and, if applicable, Section 2.26.
Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Sections 2.14(a) through 2.14(d) shall be applied to prepay Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof, which prepayments shall be applied to the scheduled Installments of principal in accordance with Section 2.15(c)).
Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Sections 2.14(a) through 2.14(e) shall be applied as follows: first, to prepay Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied on a pro rata basis to reduce the remaining scheduled Installments of principal of the Tranche A Term Loans, Tranche B Term Loans and the New Term Loans (if any); second, to prepay the Swing Line Loans to the full extent thereof; third, to prepay the Revolving Loans to the full extent thereof; fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit; fifth, to cash collateralize Letters of Credit; and sixth, to Borrower.
Application of Mandatory Prepayments by Type of Loans. Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Tender Period Revolving Facility Sublimit and/or the Revolving Loan Commitments pursuant to subsections 2.4B(iii)(a)-(d) shall be applied (1) during the period from the Closing Date to but excluding the Merger Date, first to prepay outstanding Tender Loans, if any, to the full extent thereof, second, to the extent of any remaining portion of the Applied Amount, to permanently reduce the Tender Period Revolving Facility Sublimit by the amount thereof, and if the Total Utilization of Tender Period Revolving Facility would exceed the Tender Period Revolving Facility Sublimit as so reduced, to repay outstanding Tender Period Revolving Loans and thereafter to cash collateralize the Letters of Credit to the full extent of such excess; and (2) during the period on and after the Merger date, first to prepay outstanding Term Loans to the full extent thereof in inverse order of maturity, second, to the extent of any remaining portion of the Applied Amount, to permanently reduce the Revolving Loan Commitments by the amount thereof, and if the Total Utilization of Revolving Loan
Application of Mandatory Prepayments by Type of Loans. Any amounts required ----------------------------------------------------- to be applied as a mandatory prepayment of the Loans pursuant to subsections 2.4B(iii)(a)-(e) shall be applied first, to prepay the Term Loans to the full extent thereof, and ----- second, to the extent of any remaining portion of such amount, to prepay the ------ Revolving Loans to the full extent thereof (without any reduction in Revolving Loan Commitments); provided, however, that to the extent any Net -------- ------- Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, or Net Securities Proceeds from the issuance of equity Securities constitute proceeds of (X) Working Capital Collateral, then such amounts shall be applied as follows: first, to repay outstanding Revolving Loans (without any reduction in ----- Revolving Loan Commitments) and second, to the extent of remaining ------ amounts, to repay outstanding Term Loans to the full extent thereof; (Y) Pari Passu Collateral (other than Pari Passu Collateral from the sale of the Refinery Assets), then such amounts shall be applied on a pro rata basis in proportion to the amounts then outstanding to repay (i) outstanding Revolving Loans (without any reduction in Revolving Loan Commitments) and (ii) outstanding Term Loans; or (Z) Pari Passu Collateral from the sale of the Refinery Assets; then such amounts shall be applied first, to repay outstanding Revolving Loans (without ----- any reduction in Revolving Loan Commitments) to the full extent thereof and second, to the extent of remaining amounts, to repay outstanding Term ------ Loans to the full extent thereof; provided, further, however, that any Net -------- ------- ------- Securities Proceeds received from the issuance of Subordinated Indebtedness and required, pursuant to subsection 2.4B(iii)(d) to be applied as a mandatory prepayment of the Loans and any amounts required to be applied as mandatory prepayments of the Loans pursuant to subsection 2.4B(iii)(e) shall be applied as follows: 50% to repay outstanding Term Loans and 50% to repay outstanding Revolving Loans (without any reduction in Revolving Loan Commitments) until payment in full of the outstanding Term Loans, and thereafter 100% of such mandatory prepayments shall be applied to prepay outstanding Revolving Loans (without any reduction in Revolving Loan Commitments). Any amounts required to be applied as a mandatory prepayment of the Revolving Loans pursuant to subsections 2.4B(iii)(a)-(e) and (g)-(h) shall ...
Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any amount required to be applied as a mandatory prepayment of the Loans pursuant to subsections 2.4B(iii)(e) shall be applied first to the extent of any remaining portion of such amount, to prepay the Swing Line Loans to the full extent thereof, and second, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof.
Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Section 2.10(c) shall be applied as follows:
Application of Mandatory Prepayments by Type of Loans. Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Acquisition Loan Commitments pursuant to subsections 2.4B(iii)(a)-(d) shall be applied FIRST to prepay the Term Loans to the full extent thereof, SECOND, to the extent of any remaining portion of the Applied Amount, to prepay the Acquisition Loans to the full extent thereof and to permanently reduce the Acquisition Loan Commitments by the amount of such prepayment, and THIRD, to the extent of any remaining portion of the Applied Amount, to prepay the Swing Line Loans and thereafter to prepay Working Capital Loans to the full extent thereof but in either case without permanently reducing the Working Capital Loan Commitments by the amount of such prepayments.
Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Sections 2.14(a) through 2.14(e) shall be applied as follows: first, to prepay Term Loans, and shall be further applied on a pro rata basis to the remaining scheduled Installments of principal of the Term Loans; second, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Commitments by the amount of such prepayment; third, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Commitments by the amount of such prepayment; fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such prepayment; and fifth, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization. Any amounts remaining after application in accordance herewith shall be retained by Borrower, provided, that the amount of the Revolving Commitments shall be reduced by such amounts to the full extent thereof.
