Common use of Application of Certain Mandatory Prepayments Clause in Contracts

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Revolving Credit Advances; third, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and fourth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretion.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(iiclauses (b)(ii) or and (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Revolving Credit Advances; third, to the outstanding principal balance of Revolving Credit Advances until the same has shall have been paid in full; and fourth, if any Event of Default has occurred and is continuing, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretionprepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by any Borrower pursuant to Sections 1.3(b)(ii) ), (b)(iii), or (b)(iiib)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to the interest then due and payable on the Revolving Credit AdvancesBorrowers' Swing Line Loan; third, to the outstanding principal balance of the Swing Line Loan; fourth, to interest then due and payable on Revolving Credit Advances; fifth, to the principal balance of Revolving Credit Advances outstanding until the same has been paid in full; and fourthsixth, to any Letter of Credit Obligations, Obligations to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretionpursuant to Sections 1.3(b)(ii) or (b)(iii).

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(iiclauses (b)(ii), (b)(iii) or (b)(iiib)(iv) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent Lender then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Term Loan; third, to prepay the scheduled installments of the Term Loan in inverse order of maturity, until such Loan shall have been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; thirdfifth, to the outstanding principal balance of Revolving Credit Advances until the same has shall have been paid in full; and fourthsixth, until all such letter of Credit Obligations have been fully cash collateralized, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretionprepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower Borrowers pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as followsin the following order: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Revolving Credit Advances; third, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and fourth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; providedand fifth, however, to pay any cash collateral established in accordance with this Section 1.3 shall other Obligations that may be released in accordance the provisions of Annex B. then due and owing. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretionprepayments.

Application of Certain Mandatory Prepayments. Any prepayments made by Borrower pursuant to Sections 1.3(b)(ii) or (b)(iii) above shall be applied as follows: first, to Fees and reimbursable expenses of Agent then due and payable pursuant to any of the Loan Documents; second, to interest then due and payable on the Acquisition Loans; third, to prepay the scheduled principal installments of the Acquisition Loans in inverse order of maturity, until such Acquisition Loans shall have been prepaid in full; fourth, to interest then due and payable on the Revolving Credit Advances; thirdfifth, to the outstanding principal balance of Revolving Credit Advances until the same has been paid in full; and fourthsixth, to any Letter of Credit Obligations, to provide cash collateral therefor in the manner set forth in Annex B, until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth in Annex B; provided, however, any cash collateral established in accordance with this Section 1.3 shall be released in accordance the provisions of Annex B. The Revolving Loan Commitment shall not be permanently reduced by the amount of any such prepayments at the option of the Requisite Lenders in their sole discretionprepayments.