Common use of Application of Voluntary Prepayments by Type of Loans and Order of Maturity Clause in Contracts

Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Loans as specified by Company in the applicable notice of prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Term Loans to the full extent thereof and third to repay outstanding Revolving Loans to the full extent thereof. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans set forth in subsection 2.4A(i), 2.4A(ii) and 2.4A(iii) in forward order of maturity.

Appears in 2 contracts

Samples: Credit Agreement (Decrane Aircraft Holdings Inc), Credit Agreement (Decrane Holdings Co)

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Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Loans as specified by Company in the applicable notice of prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first first, to repay outstanding Swing Line Loans to the full extent thereof, second second, to repay outstanding Term Revolving Loans to the full extent thereof and third third, to repay outstanding Revolving Term Loans to the full extent thereof. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, Loans and the Tranche D C Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, Loans and the Tranche D C Term Loans set forth in subsection 2.4A(i), 2.4A(ii) and 2.4A(iii) in forward order of maturitychronological order.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Loans as specified by Company in the applicable notice of prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first first, to repay outstanding Swing Line Loans to the full extent thereof, second second, to repay outstanding Term Revolving Loans to the full extent thereof and third third, to repay outstanding Revolving Term Loans to the full extent thereof. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, Loans and the Tranche D C Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, Loans and the Tranche D C Term Loans set forth in subsection 2.4A(i), 2.4A(ii) and 2.4A(iii) in forward order chronological order. Table of maturity.Contents

Appears in 1 contract

Samples: Security Agreement (Urs Corp /New/)

Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any Subject to the provisions of subsection 2.4D, any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to repay the Loans as specified by Company in Term Loans; after the applicable notice of prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Term Loans to are repaid in full the full extent thereof Revolving Loan Commitments shall terminate and third to repay all outstanding Revolving Loans shall be paid in full and all Letters of Credit shall be terminated or cash collateralized in a manner satisfactory to the full extent thereofIssuing Lender. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans set forth in subsection 2.4A(i), 2.4A(ii) in inverse order of maturity; provided, however, that Borrower, at its option, may apply such voluntary prepayments first to reduce the immediately succeeding two scheduled installments of principal of the Term Loans set forth in subsection 2.4A(i), and 2.4A(iii) second, to the extent of any remaining portion of such voluntary prepayments, to reduce the scheduled installments of principal of the Term Loans set forth in forward subsection 2.4A(i), in inverse order of maturity.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Loans as specified by Company in the applicable notice of prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereofthereof (without a corresponding reduction of the Revolving Loan Commitment Amount), second to repay outstanding Term Revolving Loans to the full extent thereof (without a corresponding reduction of the Revolving Loan Commitment Amount or the Cash Collateralization of any Letter of Credit), and third to repay outstanding Revolving Term Loans to the full extent thereof. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Tranche B Term Loans, and the Tranche D Term Loans set forth in subsection 2.4A(i), 2.4A(ii) and 2.4A(iii) for the next succeeding four Fiscal Quarters in forward direct order of maturitymaturity and thereafter to reduce each of the remaining scheduled installments of principal of the Tranche B Term Loans set forth in subsection 2.4A(i) on a pro rata basis.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

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Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any Subject to the provisions of subsection 2.4D, any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Term Loans or the Revolving Loans as specified by Company Borrower in the applicable notice of prepayment; provided that in the event Company if Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Term Loans to the full extent thereof, second to repay outstanding Term Revolving Loans to the full extent thereof and permanently reduce the Revolving Loan Commitments and third to repay cash collateralize any outstanding Letters of Credit and permanently reduce the Revolving Loans Loan Commitments to the full extent thereof. Any voluntary prepayments of the Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay the Tranche A Term Loans, Loans and the Tranche B Term Loans, and the Tranche D Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the scheduled installments of principal of the Tranche A Term Loans, the Loans and Tranche B Term Loans, and the Tranche D Term Loans set forth in subsection subsections 2.4A(i), ) and 2.4A(ii) and 2.4A(iii) on a pro rata basis (in forward order of maturityaccordance with the respective outstanding principal amounts thereof).

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied to the Loans as specified by Company Borrowers in the applicable notice of prepayment; provided that in the event Company fails Borrowers fail to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay prepay outstanding Swing Line Revolving Loans to the full extent thereof, second and second, to repay the extent of any remaining portion of such amount, to prepay outstanding Tranche B Term Loans to the full extent thereof and third third, to repay the extent of any remaining portion of such amount, to prepay outstanding Revolving Tranche A Term Loans to the full extent thereof. Any voluntary prepayments of the Tranche B Term Loans pursuant to subsection 2.4B(i) (whether the application thereof is specified by Company or not) shall be applied to prepay reduce the Tranche A Term Loans, scheduled installments of principal of the Tranche B Term Loans, and the Tranche D Term Loans set forth in subsection 2.4A(ii) on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and to reduce the each remaining scheduled installments installment of principal of the Tranche A Term Loans, the Tranche B Term Loans, and as the Tranche D Term Loans case may be, set forth in subsection 2.4A(i2.4A(ii), 2.4A(ii) and 2.4A(iii) in forward order of maturity.

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

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