Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies), each partial payment under §3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, pro rata to the principal of Revolving Credit Base Rate Loans, second, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Dollars, and then, third, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)), third, solely in the case of a mandatory prepayment under §3.2(a)(ii) or (iii), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first pro rata to the principal of Term Base Rate Loans, second, pro rata to the principal of Benchmark Term Loans denominated in Dollars, third, pro rata to the principal of Benchmark Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)) and then, fourth, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, second, pro rata to the principal of any Outstanding Revolving Credit Loans, third, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and then, fourth, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, second, pro rata to the principal of Benchmark Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark Loans denominated in Dollars), and then, third, pro rata to the principal of Benchmark Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)).

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark LIBOR Rate Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies), each Each partial payment under §3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, first pro rata to the principal of Revolving Credit Base Rate Loans, second, pro rata to the principal of Benchmark LIBOR Rate Revolving Credit Loans denominated in Dollars, and thenand, third, pro rata to the principal of Benchmark LIBOR Rate Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)), third, solely in the case of a mandatory prepayment under §3.2(a)(ii) or (iii), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first pro rata to the principal of Term Base Rate Term Loans, second, pro rata to the principal of Benchmark LIBOR Rate Term Loans denominated in Dollars, and, third, pro rata to the principal of Benchmark LIBOR Rate Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies Currencies) and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)) and then, fourth, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, secondfirst, pro rata to the principal of any Outstanding Revolving Credit Loans, thirdsecond, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and thenand, fourththird, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, second, pro rata to the principal of Benchmark Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Dollars), and thenand, third, pro rata to the principal of Benchmark Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Alternative Currencies)).

Partial Prepayments. Each partial prepayment of the Loans under §Section 3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §Section 3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies), each partial payment under §Section 3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, pro rata to the principal of Revolving Credit Base Rate Loans, second, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Dollars, and then, third, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)), thirdsecond, solely in the case of a mandatory prepayment under §Section 3.2(a)(ii) or (iii), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first pro rata to the principal of Term Base Rate Loans, second, pro rata to the principal of Benchmark Term Loans denominated in Dollars, and then, third, pro rata to the principal of Benchmark Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)) and then, fourththird, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §Section 3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, second, pro rata to the principal of any Outstanding Revolving Credit Loans, thirdsecond, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and then, fourththird, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, second, pro rata to the principal of Benchmark Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark Loans denominated in Dollars), and then, third, pro rata to the principal of Benchmark Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)).

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark LIBOR Rate Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)Swiss Francs, each partial payment under §3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, pro rata to the principal of Revolving Credit Base Rate Loans, second, pro rata to the principal of Benchmark Revolving Credit LIBOR Rate Loans denominated in Dollars, and then, third, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Alternative Currencies)), third, solely in the case of a mandatory prepayment under §3.2(a)(ii) or (iii), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first pro rata to the principal of Term Base Rate Loans, second, pro rata to the principal of Benchmark Term LIBOR Rate Loans denominated in Dollars, third, pro rata to the principal of Benchmark Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Alternative Currencies)) and then, fourth, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, second, pro rata to the principal of any Outstanding Revolving Credit Loans, third, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and then, fourth, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, second, pro rata to the principal of Benchmark Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Dollars), and then, third, pro rata to the principal of Benchmark Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark LIBOR Rate Loans denominated in Alternative Currencies)).

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively)thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies), each Each partial payment under §3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, pro rata to the principal of Revolving Credit Base Rate Loans, second, pro rata to the principal of Benchmark SOFR Rate Revolving Credit Loans denominated in Dollarsbearing interest with reference to Daily Simple SOFR, and then, then third, pro rata to the principal of Benchmark SOFR Rate Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, bearing interest with reference to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)SOFR), third, solely in the case of a mandatory prepayment under §3.2(a)(ii3.2(a)(i)(y) or (iii§3.2(a)(ii), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first first, pro rata to the principal of Term Base Rate Loans, second, pro rata to the principal of Benchmark SOFR Rate Term Loans denominated in Dollarsbearing interest with reference to Daily Simple SOFR, and then third, pro rata to the principal of Benchmark SOFR Rate Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, bearing interest with reference to the principal of RFR Loans denominated in Alternative Currencies Term SOFR) and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)) and then, fourth, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, second, pro rata to the principal of any Outstanding Revolving Credit Loans, third, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and thenand, fourth, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, second, pro rata to the principal of Benchmark SOFR Rate Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, bearing interest with reference to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark Loans denominated in Dollars)Daily Simple SOFR, and then, third, pro rata to the principal of Benchmark SOFR Rate Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, bearing interest with reference to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)SOFR).

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof (or, in the case of Benchmark Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $1,000,000 or $100,000, respectively)thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Except with respect to any partial payment made pursuant to the last sentence of §3.2(a), which shall be applied to the principal of Outstanding Revolving Credit Loans denominated in the applicable Alternative Currency (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies), each Each partial payment under §3.2 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, second, pro rata to the principal of any Outstanding Revolving Credit Loans (and with respect to each category of Revolving Credit Loans, first, pro rata to the principal of Revolving Credit Base Rate Loans, and then second, pro rata to the principal of Benchmark LIBOR Rate Revolving Credit Loans denominated in Dollars, and then, third, pro rata to the principal of Benchmark Revolving Credit Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)Loans), third, solely in the case of a mandatory prepayment under §3.2(a)(ii) or (iii§3.2(b), pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Term Loans, first first, pro rata to the principal of Term Base Rate Term Loans, and then second, pro rata to the principal of Benchmark LIBOR Rate Term Loans denominated in Dollars, third, pro rata to the principal of Benchmark Term Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies Loans) and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)) and then, fourth, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis. Each partial prepayment under §3.3 shall be applied, first, pro rata to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, second, pro rata to the principal of any Outstanding Revolving Credit Loans, third, to cash collateralize any outstanding Letter of Credit Liabilities on a pro rata basis, and thenand, fourth, pro rata to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first, pro rata to the principal of Base Rate Loans, and second, pro rata to the principal of Benchmark Loans denominated in Dollars (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Dollars and, second, pro rata, to the principal of Term Benchmark Loans denominated in Dollars), and then, third, pro rata to the principal of Benchmark Loans denominated in Alternative Currencies (and which, in the absence of instruction by the Borrower, shall be applied, first, pro rata, to the principal of RFR Loans denominated in Alternative Currencies and, second, pro rata, to the principal of Term Benchmark Loans denominated in Alternative Currencies)LIBOR Rate Loans).