Common use of Application of Mandatory Prepayments by Type of Loans Clause in Contracts

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.

Appears in 3 contracts

Samples: Security Agreement (FTD Group, Inc.), Credit Agreement (FTD Group, Inc.), Credit Agreement (FTD Inc)

AutoNDA by SimpleDocs

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D2.4C, 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)-(fsubsection 2.4A(iii) 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, thirdand second, 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, fourthand third, 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 fifththereof, provided that to the extent any such reduction of any remaining portion the Revolving Loan Commitment Amount would result in the Total Utilization of such amountRevolving Loan Commitments exceeding the Revolving Loan Commitment Amount, to cash Company immediately shall Cash collateralize any outstanding Letters of CreditCredit by depositing the requisite amount in the Collateral Account. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B 2.4A shall be in proportion to each Revolving Lender’s Pro Rata Share.

Appears in 2 contracts

Samples: Credit Agreement (Ruths Chris Steak House, Inc.), Credit Agreement (Ruths Hospitality Group, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through Section 2.14(d) shall be applied first as follows: first, to prepay (x) the next eight (8) scheduled Installments of principal of the Term Loans to in direct order of maturity and (y) thereafter, the full extent thereof, remaining scheduled Installments of principal of the Term Loans on a pro rata basis; 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 Commitments 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 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 extent of any remaining portion Revolving Loan Commitments by the amount of such amountprepayment; fifth, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization; and sixth, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Digitalglobe, Inc.), Credit and Guaranty Agreement (Digitalglobe, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 2 contracts

Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Winsloew Furniture Inc)

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, and 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 fifththereof, provided that to the extent any such reduction of any remaining portion the Revolving Loan Commitment Amount would result in the Total Utilization of such amountRevolving Loan Commitments exceeding the Revolving Loan Commitment Amount, to cash Company immediately shall Cash collateralize any outstanding Letters of CreditCredit by depositing the requisite amount in the Collateral Account. 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.

Appears in 2 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4DSection 2.4(d), 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)-(fSection 2.4(b)(iii) shall be applied first to the next four scheduled payments pursuant to Section 2.4(a)(i), second to prepay the outstanding 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 prepaymentremaining scheduled installments thereof on a pro rata basis, third, to the extent of any remaining portion of such amount, to prepay the Revolving outstanding Swing Line Loans on a pro rata basis to the full extent thereof of the respective amount owing to each applicable Lender, 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 prepay outstanding Revolving Loans on a pro rata basis to the full extent of the respective amount owing to each applicable Lender (and, after prepaying all Revolving Loans, Cash Collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) and 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 Creditthereof. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B Section 2.4(b) shall be in proportion to each Revolving Lender’s Pro Rata Share.

Appears in 2 contracts

Samples: Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4DUnless an Event of Default has occurred and is continuing, any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)- 2.4B(iii)(g) shall be applied first FIRST to prepay the Term Loans to the full extent thereof, secondSECOND, 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 amountApplied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, fourthTHIRD, to the extent of any remaining portion of such amountApplied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and fifthis continuing, any amount required to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any be applied as a mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B prepayment shall be applied as set forth in proportion to each Revolving Lender’s Pro Rata Share.subsection 2.4D.

Appears in 2 contracts

Samples: Credit Agreement (Integrated Defense Technologies Inc), Credit Agreement (Integrated Defense Technologies Inc)

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)-(f2.4B(iv)(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, and 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 fifththereof, provided that to the extent any such reduction of any remaining portion the Revolving Loan Commitment Amount would result in the Total Utilization of such amountRevolving Loan Commitments exceeding the Revolving Loan Commitment Amount, to cash Company promptly shall Cash collateralize any outstanding Letters of CreditCredit by depositing the requisite amount in the Collateral Account. 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.

Appears in 2 contracts

Samples: Security Agreement (United Online Inc), Credit Agreement (United Online Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.13(a) through 2.13(e) shall be applied first as follows: first, to prepay the Term Loans to the full extent thereofthereof (to be applied first, on a pro rata basis to reduce the scheduled Installments of principal of such Term Loans during the next twelve months, and second, on a pro rata basis, to reduce the extent remaining scheduled Installments of any remaining portion principal of such amountTerm Loans); second, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments 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 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 extent of any remaining portion Commitments by the amount of such amountprepayment; fifth, to cash collateralize Letters of Credit and to further permanently reduce the Commitments by the amount of such cash collateralization; and sixth, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Stanadyne Corp)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any ----------------------------------------------------- amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(c) shall be applied first to prepay the Term Loans to the full extent thereof, second, to ----- ------ the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepaymentprepayment to an amount not less than the then Total Utilization of Revolving Loan Commitments, third, to the extent of any remaining ----- portion of such amountthe Applied Amount, to prepay the prepayment of the Revolving Loans and the cash collateralization of outstanding Letters of Credit to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, prepayment and fourth, to the extent of any remaining portion of such amountthe Applied Amount, ------ to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

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, and third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof (and, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourth, . Any mandatory prepayments of the Term Loans pursuant to subsections 2.4B(iii)(a)-(f) shall be applied to reduce the extent scheduled installments of any principal of the Term Loans set forth in subsection 2.4A on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each remaining portion scheduled installment of principal of the Term Loans set forth in subsection 2.4A that is unpaid at the time 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 Creditprepayment. 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.

Appears in 1 contract

Samples: Credit Agreement (Ruths Chris Steak House, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay the Term Loans to the full extent thereofthereof as provided in subsection 2.4B(iv)(c), second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepaymentprepayments, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Falcon Products Inc /De/)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through 2.14(e) shall be applied first as follows: first, to prepay the remaining installments due on Term Loans to on a pro rata basis in accordance with the full extent amounts 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 Commitments 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 Commitments by the amount of such prepayment, ; fourth, to prepay outstanding reimbursement obligations then due and payable with respect to Letters of Credit and to further permanently reduce the extent of any remaining portion Revolving Loan Commitments by the amount of such amountprepayment; fifth, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization; and sixth, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D2.4C, 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)-(fsubsection 2.4A(iii) 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, thirdand second, 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 Ruths_Second Amended and Restated Credit Agreement (2) such prepayment, fourthand third, 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 fifththereof, provided that to the extent any such reduction of any remaining portion the Revolving Loan Commitment Amount would result in the Total Utilization of such amountRevolving Loan Commitments exceeding the Revolving Loan Commitment Amount, to cash Company immediately shall Cash collateralize any outstanding Letters of CreditCredit by depositing the requisite amount in the Collateral Account. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B 2.4A shall be in proportion to each Revolving Lender’s Pro Rata Share.

Appears in 1 contract

Samples: Credit Agreement (Ruths Hospitality Group, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D2.4C, 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)-(f2.4A(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 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, thirdprepayment and second, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof (and, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourthand third, 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 Creditthereof. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B 2.4A shall be in proportion to each Revolving Lender’s Pro Rata Share.

Appears in 1 contract

Samples: Possession Credit Agreement (Propex Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay the Term Loans AXELs to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Prime Succession Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay the Term Loans to the full extent thereofthereof as provided in subsection 2.4B(iv)(c), second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepaymentprepayments, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifththereof; provided, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of however that the Revolving Loan Commitment Amount Commitments shall not be reduced pursuant to this subsection 2.4B shall be in proportion 2.4B(iv)(b) to each Revolving Lender’s Pro Rata Sharean amount less than $35 million.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

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 Commitments 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 Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay repay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, prepayment and fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Creditthereof. Any mandatory reduction of the Revolving Loan Commitment Amount Commitments pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s 's Pro Rata Share.

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Application of Mandatory Prepayments by Type of Loans. Except as provided may otherwise be set forth in subsection 2.4Dsubsections 2.14(c) and (e) above, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through 2.14(e) and 2.14 (g) shall be applied first as follows: first, to prepay Term Loans pro rata across the remaining scheduled Installments of principal of the Term Loans to the full extent thereof, Loans; 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 Commitments 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 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 extent of any remaining portion Revolving Loan Commitments by the amount of such amountprepayment; fifth, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization; and sixth, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the ``APPLIED AMOUNT'') required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay outstanding Tender Loans, if any, and, if no Tender Loans are then outstanding, FIRST, to prepay the Term Loans to the full extent thereof, secondSECOND, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Revolving Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, thirdTHIRD, to the extent of any remaining portion of such amountthe Applied Amount, to prepay cash collateralize the Revolving Loans Letters of Credit to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, fourthand FOURTH, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Andros Holdings Inc)

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, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, and 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 Creditthereof. 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.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied applied: first to prepay the Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifth, thereof. Notwithstanding the foregoing or anything herein to the extent of any remaining contrary, no portion of such amount, the proceeds of Indebtedness permitted under subsection 7.1(vi) which are applied to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of prepay the Loans shall be applied to permanently reduce the Revolving Loan Commitment Amount pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata ShareCommitments.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

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)-(f2.4B(iii)(a)-(e) 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, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, and 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 Creditthereof. 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. Any mandatory prepayments of the Term Loans pursuant to subsection 2.4B(iii) shall be applied to reduce the scheduled installments of principal of the Term Loans set forth in subsection 2.4A(i) on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each remaining scheduled installment of principal of the Term Loans set forth in subsection 2.4A(i).

Appears in 1 contract

Samples: Credit Agreement (Propex International Holdings II Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.8(b) (i) - (v) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Swingline Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Creditthereof. Any mandatory reduction prepayments of the Revolving Loan Commitment Amount Term Loans pursuant to this subsection 2.4B 2.8(b) shall be applied to prepay the Term Loans on a pro rata basis (in proportion accordance with the outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Term Loans set forth in subsection 2.2(b) on a pro rata basis (in accordance with the outstanding principal amounts thereof) to each Revolving Lender’s Pro Rata Sharescheduled installment of principal of the Term Loans set forth in subsection 2.2(b) that is unpaid at the time of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

AutoNDA by SimpleDocs

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)-(f2.4B(iii)(a)-(d) shall 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, and third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof (and, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) 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.

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

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 FIRST to prepay the Term Loans to the full extent thereof, secondSECOND, 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, thirdTHIRD, 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, fourthFOURTH, 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 fifthFIFTH, 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 's Pro Rata Share.

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

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 Commitments pursuant to subsections 2.4B(iii)(a)-(f) shall be applied first to prepay the Term Loans to the full extent thereofthereof as provided in subsection 2.4B(iv)(c), 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 Commitments 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 Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Creditthereof. Any mandatory reduction of the Revolving Loan Commitment Amount Commitments pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s 's Pro Rata Share.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

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 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, and third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof (and, after prepaying all Revolving Loans, Cash collateralize any outstanding Letters of Credit by depositing the requisite amount in the Collateral Account) 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.

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(d) shall be applied first FIRST to prepay the Term Loans to the full extent thereof, secondSECOND, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, THIRD to the extent of any remaining portion of the Applied Amount, to prepay the Offshore Currency Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitments by the amount of such amountprepayment, FOURTH to the extent of any remaining portion of the Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, fourthFIFTH, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount to the full extent thereof cash collateralize any outstanding Letters of Credit, and fifthSIXTH, to the extent of any remaining portion of such amountthe Applied Amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of further permanently reduce the Revolving Loan Commitment Amount pursuant Commitments to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Sharethe full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Wavetek U S Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.13(a) through 2.13(e) shall be applied first as follows: FIRST, to prepay the Tranche F Term Loans on a pro rata basis (in accordance with the outstanding principal amounts) and shall be further applied on a pro rata basis to each scheduled Installment of principal of the full extent thereof, second, to the extent of any remaining portion of such amountTranche F Term Loans; SECOND, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amount; THIRD, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, fourth; FOURTH, to prepay outstanding reimbursement obligations with respect to Letters of Credit and to further permanently reduce the extent of any remaining portion Revolving Commitments by the amount of such amountprepayment; FIFTH, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Commitments by the amount of such cash collateralization; and SIXTH, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vca Antech Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and thereby to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and thereby to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D2.4C, 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)-(f2.4A(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 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, thirdand second, 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, fourthand third, 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 fifththereof, provided that to the extent any such reduction of any remaining portion the Revolving Loan Commitment Amount would result in the Total Utilization of such amountRevolving Loan Commitments exceeding the Revolving Loan Commitment Amount, to cash Company immediately shall Cash collateralize any outstanding Letters of CreditCredit by depositing the requisite amount in the Collateral Account. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B 2.4A shall be in proportion to each Revolving Lender’s Pro Rata Share.

Appears in 1 contract

Samples: Credit Agreement (Ruths Chris Steak House, Inc.)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "Applied Amount") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(c) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepaymentprepayment to an amount not less than the then Total Utilization of Revolving Loan Commitments, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the prepayment of the Revolving Loans and the cash collateralization of outstanding Letters of Credit to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, prepayment and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4DUnless an Event of Default has occurred and is continuing, any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Term Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)- 2.4B(iii)(g) shall be applied first FIRST to prepay the Term Loans to the full extent thereof, secondSECOND, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, thirdTHIRD, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to cash collateralize any outstanding Letters of Credit and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, fourthFOURTH, to the extent of any remaining portion of such amountApplied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof (except as provided in subsection 2.4B(iii)(f)). If an Event of Default has occurred and fifthis continuing, any amount required to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any be applied as a mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B prepayment shall be applied as set forth in proportion to each Revolving Lender’s Pro Rata Share.subsection 2.4D.

Appears in 1 contract

Samples: Credit Agreement (Vertex Aerospace Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided may otherwise be set forth in subsection 2.4Dsubsections 2.14(c) and (e) above, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through 2.14(e) and 2.14 (g) shall be applied first as follows: first, to prepay Term Loans pro rata across the remaining scheduled Installments of principal of the Term Loans to the full extent thereof, Loans; 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 Commitments 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 Commitments by the amount of such prepayment, ; FIRST LIEN CREDIT AND GUARANTY AGREEMENT 824323-New York Server 7A EXECUTION fourth, to prepay outstanding reimbursement obligations with respect to Letters of Credit and to further permanently reduce the extent of any remaining portion Revolving Loan Commitments by the amount of such amountprepayment; fifth, to cash collateralize Letters of Credit and to further permanently reduce the Revolving Loan Commitments by the amount of such cash collateralization; and sixth, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4DSubject to Section 4.1(a) of the Intercreditor Agreement and Section 2.14(h) hereof, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through 2.14(e) shall be applied first as follows: first, prepay Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be further applied to prepay the Term Loans on a pro rata basis to the full extent thereof, remaining scheduled Installments of principal of Term Loans; 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 Commitments 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 Commitments by the amount of such prepayment, ; fourth, to the extent prepay outstanding reimbursement obligations with respect to Revolving Letters of any remaining portion of such amount, Credit and to further permanently reduce the Revolving Loan Commitment Amount to Commitments by the full extent thereof and fifth, to the extent of any remaining portion amount 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.prepayment;

Appears in 1 contract

Samples: Credit Agreement (Covanta Holding Corp)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount paid pursuant to subsections 2.4B(iii)(a)-(fSections 2.14(a) through 2.14(e) shall be applied first as follows: first, to prepay the all remaining installments of Term Loans to pro rata against all such scheduled installments based upon the full extent respective amounts 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 Commitments 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 Commitments by the amount of such prepayment, ; fourth, to the extent prepay outstanding reimbursement obligations with respect to Letters of any remaining portion of such amount, Credit and to further permanently reduce the Revolving Loan Commitment Amount to Commitments by the full extent thereof and fifth, to the extent of any remaining portion amount of such amountprepayment; fifth, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of Credit and to further permanently reduce the Revolving Loan Commitment Amount pursuant Commitments by the amount of such cash collateralization; and sixth, to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Shareprepay the outstanding principal balance of the Second Lien Term Loans and any other Second Lien Indebtedness then due and payable.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (X Rite Inc)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4B(iii)(a)-(e) shall be applied first FIRST to prepay the Term Loans to the full extent thereofthereof as provided in subsection 2.4B(iv)(c), secondSECOND, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, thirdTHIRD, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepaymentprepayments, fourthand FOURTH, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments to the full extent thereof and fifththereof; PROVIDED, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of HOWEVER that the Revolving Loan Commitment Amount Commitments shall not be reduced pursuant to this subsection 2.4B shall be in proportion 2.4B(iv)(b) to each Revolving Lender’s Pro Rata Sharean amount less than $35 million.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Application of Mandatory Prepayments by Type of Loans. Except as provided in subsection 2.4D, any Any amount (the "APPLIED AMOUNT") required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount Commitments pursuant to subsections 2.4B(iii)(a)-(f2.4A(iii)(a)-(d) and (f)-(h) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Swing Line Revolving Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and third, to the extent of any remaining portion of the Applied Amount, to further permanently reduce the Revolving Loan Commitments to the full extent thereof. Any Applied Amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitments pursuant to subsection 2.4A(iii)(e) shall be applied first to prepay the Revolving Loans in the amount of $1,500,000, second to prepay the Term Loans to the full extent thereof, third, to the extent of any remaining portion of such amountthe Applied Amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount Commitments by the amount of such prepayment, and fourth, to the extent of any remaining portion of such amountthe Applied Amount, to further permanently reduce the Revolving Loan Commitment Amount Commitments 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 Sharethereof.

Appears in 1 contract

Samples: Credit Agreement (Cerplex Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.