Prepayment Order definition
Prepayment Order. [Direct][Inverse][Pro Rata]
Prepayment Order means, in respect of any amount to be applied in repayment of any Term Disposal Facility Loans, Term A Facility Loans, Term B Euro Facility Loans, Term B Dollar Facility Loans, Term C Euro Facility Loans or Term C Dollar Facility Loans in accordance with Clause 9.8 (Application of Prepayments), the application of such amount as follows either:
Prepayment Order means, in respect of any amount to be applied in repayment of any Term Disposal Facility Loans, Term A Facility Loans, Term B Euro Facility Loans, Term B Dollar Facility Loans, Term C Euro Facility Loans or Term C Dollar Facility Loans in accordance with Clause 9.8 (APPLICATION OF PREPAYMENTS), the application of such amount as follows:
More Definitions of Prepayment Order
Prepayment Order with respect to any Loan as to a portion of the principal thereof is payable prior to the Maturity Date, has the meaning given to such term in the related Confirmation. If Direct is specified with respect to a Loan, any prepayment of the principal of such Loan shall be applied in the direct order of the outstanding installments of such Loan. If Inverse is specified with respect to a Loan, any prepayment of the principal of such Loan shall be applied in the indirect order of the outstanding installments of such Loan. If Pro Rata is specified with respect to a Loan, any prepayment of the principal of such Loan shall be applied to the outstanding installments of such Loan pro rata according to the respective principal amounts of such installments.