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

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by Company in the applicable notice of prepayment; provided, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof without reduction of Commitments; second, to repay outstanding Revolving Loans to the full extent thereof without reduction of Commitments; and third, to prepay the Term Loans to the full extent thereof. Any prepayment of any Term Loans pursuant to Section 2.13(a) shall be further applied, at the Company’s option, either (i) first, to such scheduled prepayments with respect thereto due on the Installment Dates occurring within the 12 months following such prepayment and, second, on a pro rata basis to reduce the scheduled remaining Installments of principal on such Term Loan or (ii) on a pro rata basis to reduce the scheduled remaining Installments of principal on such Term Loan.

Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by Company in the applicable notice of prepayment; provided, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof thereof, without any permanent reduction of the Revolving Commitments; second, to repay outstanding Revolving Loans (to be applied ratably to the Tranche A Revolving Loan and Tranche B Revolving Loans for all prepayments prior to the Tranche B Revolving Commitment Termination Date) to the full extent thereof thereof, without any permanent reduction of the Revolving Commitments; and third, to prepay reduce the Term Loans to the full extent thereof. Any prepayment of any Term Loans pursuant to Section 2.13(a) shall be further applied, at the Company’s option, either (i) first, to such scheduled prepayments with respect thereto due on the Installment Dates occurring within the 12 months following such prepayment and, second, on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and shall be further applied to reduce prepay the remaining scheduled remaining Installments of principal on of such Term Loan or (ii) on a pro rata basis to reduce the scheduled remaining Installments Loans in order of principal on such Term Loanmaturity.

Application of Voluntary Prepayments by Type of Loans. Any Subject to Section 4.1 of the Intercreditor Agreement, any prepayment of any Loan pursuant to Section 2.13(a) shall be applied as specified by Company in the applicable notice of prepayment; provided, in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to repay outstanding Swing Line Loans to the full extent thereof without reduction of Commitmentsthereof; second, to repay outstanding Revolving Loans to the full extent thereof without reduction of Commitmentsthereof; and third, to prepay reduce the Tranche C Term Loans, any Delayed Draw Term Loans to and any New Term Loans on a pro rata basis (in accordance with the full extent respective outstanding principal amounts thereof). Any prepayment of any Term Loans Loan pursuant to Section 2.13(a) shall be further applied, at the Company’s option, either (i) first, to such scheduled prepayments with respect thereto due on the Installment Dates occurring within the 12 months following such prepayment and, second, on a pro rata basis applied to reduce the next four scheduled remaining Installments of principal on such Term Loan or (ii) and thereafter on a pro rata basis to reduce the remaining scheduled remaining Installments of principal on such the Term LoanLoans.