Common use of Application of Payments Clause in Contracts

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) and (v) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, applied to the outstanding principal amount of the Revolving Loans Term Loan until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii). Each such prepayment of the Term Loan shall be applied against the principal of the Term Loan on a pro rata basis.

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.12(d)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans (other than the Term Loan) until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the Maximum Undrawn Amount of all then outstanding Letter Letters of Credit UsageCredit, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.12(a)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i3.03(d) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii10.03(b).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, shall (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, applied to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in fullfull (without any corresponding permanent reduction in the Maximum Revolver Amount), and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall2.4(e), shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, first to the outstanding principal amount of the Revolving Loans Loans, until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.04(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to accrued and unpaid interest, and second, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.04(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.03(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, applied to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit full in an amount equal to 105% of the then outstanding Letter of Credit Usagecash, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.03(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.3(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one hundred five (105% %) percent of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.3(b)(ii).

Application of Payments. (i) Each i)Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) or Section 2.4(e)(v) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) or Section 9.3(b) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, firstfirst , to the outstanding principal amount of the Revolving Loans until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i), (ii), or (iii) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters provide Letter of Credit in an amount equal Collateralization with respect to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i), 2.4(e)(iii), 2.4(e)(iv), 2.4(e)(v) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances predicated on Current Asset Availability until paid in full, and second, to the outstanding principal amount of the Advances predicated on Fixed Asset Availability, until paid in full, and third, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (ix) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) (Borrowing Base) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).. (ii) [Reserved]. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) and Section 2.4(e)(ii) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).”

Application of Payments. (i12) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i), Section 2.4(e)(ii) and Section 2.4(e)(iii) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.3(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, applied to the outstanding principal amount of the applicable Revolving Credit Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.3(b)(iii). Subject to Section 2.1(d), all payments shall be deemed apportioned on a ratable basis among Tranches.

Application of Payments. (iiii) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) 2.4, (shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, at the election of Agent, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) 28. Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii). 2.5.

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(d)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105110% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.3(c) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.3(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal princip al amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one hundred five percent (105% %) of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred o ccurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).) .. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one hundred five (105% %) percent of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(ii) or 2.4(b)(iii), as applicable.

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.3(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% one hundred two (102%) percent of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.3(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one hundred five percent (105% %) of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(c) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (iiii) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters provide Letter of Credit in an amount equal Collateralization with respect to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (iiii) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.04(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105102% of the then outstanding Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.04(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(c) shall, (A) so long as no Application Event of Default shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extent Letter of Credit Usage, and (B) if an Application Event of Default shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, first to the outstanding principal amount of the Revolving Term Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105103% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit UsageCollateralization, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% (or, in the case of Foreign Denominated Letters of Credit, 115%) of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of -58- Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105102% of the then outstanding Letter of Credit Usage (other than Pledged Cash L/C Usage), and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one hundred five (105% %) percent of the then outstanding Letter of Credit Usage, Usage and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, full and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and for so long thereafter as such Application Event shall be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(d)(i) shall, (A1) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B2) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment of Loans pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, applied to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (Ai) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105100% of the then outstanding extant Letter of Credit Usage, and (Bii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, ratably to the outstanding principal amount of the Revolving Loans Advances (without a corresponding permanent reduction in the Maximum Revolver Amount) until paid in full, and second, ratably to cash collateralize the Cash Collateralize any Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit UsageCredit, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii) or (b)(iii), as applicable.

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i) shall), above shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, Usage and (B) if an Application Event shall have occurred and be continuing, subject to the Intercreditor Agreement, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).. 2.5

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(e) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in fullfull (without a corresponding permanent reduction in the Maximum Revolver Amount), and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(b)(i) shall, (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.3(b)(ii).

Application of Payments. (i) Each prepayment pursuant to Section 2.4(e)(i2.4(c)(i) and (c)(ii) shall, (A) so long as no Application Event of Default shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans Advances until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then outstanding extant Letter of Credit Usage, and (B) if an Application Event of Default shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii2.4(b)(ii).