Application of Mandatory Prepayments. All amounts required to be paid pursuant to this [Section 2.05(b)] shall be applied to Revolving Loans and Swing Line Loans and (after all Revolving Loans and Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations. It is understood and agreed that mandatory prepayments made by the Canadian Borrower shall only be applied to the Canadian Obligations.
Application of Mandatory Prepayments. All amountsEach prepayment required to be paidmade pursuant to this [Section 2.05(b)] shall be applied to Revolving Loans andas a mandatory prepayment of principal of first the outstanding Swing Line Loans and (after allsecond the outstanding Revolving Loans and Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations. It is understood and agreed that mandatory prepayments made by the Canadian Borrower shall only be applied to the Canadian Obligations.Credit Loans.
Application of Mandatory Prepayments. All amounts required to be paidOther Payments. Except as otherwise provided in [Section 2.15], prepayments of the Revolving Facility made pursuant to this [Section 2.05(b)], first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans and Swing Line Loans and (after all Revolving Loans and Swing Line Loans have been repaid)Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. It is understoodObligations; and, in the case of prepayments of the Revolving Facility required pursuant to [[clause (i) or (ii) of this Section 2.05(b)])]], the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swingline Loans and agreed that mandatory prepayments madeRevolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Canadian Borrower shall only be applied to for use in the Canadian Obligations.ordinary course of its business.
ApplicationMandatory Prepayments of Mandatory Prepayments. All amountsRevolving Loans. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to be paidCash Collateralize the L/C Obligations pursuant to this [Section 2.05(b)] shall be applied to Revolvingunless after the prepayment in full of the Loans and Swing Line Loans and (after allthe Total Revolving Loans and Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations. It is understood and agreed that mandatory prepayments made byOutstandings exceed the Canadian Borrower shall only be applied to the Canadian Obligations.Aggregate Revolving Commitments then in effect.
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