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

Application of Voluntary Prepayments by Type of Loans. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied: first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof, and third, to repay outstanding Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof.

Appears in 2 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Security Agreement (Aurora Foods Inc /Md/)

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Application of Voluntary Prepayments by Type of Loans. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied: first to repay outstanding Swing Line Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof, and third, to repay outstanding Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof.

Appears in 2 contracts

Samples: Security Agreement (Outsourcing Solutions Inc), Security Agreement (MBW Foods Inc)

Application of Voluntary Prepayments by Type of Loans. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied: applied first to repay outstanding Swing Line Revolving A DIP Loans to the full extent thereof and second to repay the Revolving B DIP Loans to the full extent thereof, second to repay outstanding Revolving Loans to the full extent thereof, and third, to repay outstanding Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof.

Appears in 1 contract

Samples: Farmland Industries Inc

Application of Voluntary Prepayments by Type of Loans. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied: first to repay outstanding Swing Line Loans to the full extent thereof, ; second to repay outstanding Revolving Loans to the full extent thereof, ; and third, third to repay outstanding Tranche A Term Loans, Tranche B Term Loans and Tranche C Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

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Application of Voluntary Prepayments by Type of Loans. Any voluntary prepayments pursuant to subsection 2.4B(i) shall be applied: first to repay outstanding Swing Line Loans to the full ----- extent thereof, second to repay outstanding Revolving Loans to the ------ full extent thereof, and third, to repay outstanding Tranche A Term ----- Loans and Tranche B Term Loans pro rata and shall be applied to the remaining installments thereof on a pro rata basis to the full extent thereof.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

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