Example ContractsClausesapplication of payments of and recoveries on pari passu debtVariants
Application of Payments of and Recoveries on Pari Passu Debt
Application of Payments of and Recoveries on Pari Passu Debt contract clause examples

all voluntary prepayments of Term Loans and any other term loans that are Pari Passu Lien Debt (including # those made through debt buybacks and in the case of below-par repurchases in an amount equal to the discounted amount actually paid in cash in respect of such below-par repurchase and # payments pursuant to [Section 3.07] or other applicable “yank-a-bank” provisions (solely to the extent any Term Loans or other Pari Passu Lien Debt is retired instead of assigned)),

the aggregate principal amount of any voluntary prepayments (including those made through # debt buybacks (whether or not offered to all lenders) and in the case of below-par repurchases in an amount equal to the discounted amount actually paid in cash in respect of such below-par repurchase and # “yank-a-bank” payments of Term Loans (including funded Delayed Draw Term Loans) made pursuant to [Section 2.07 or 3.07], reductions in Delayed Draw Term Loan Commitments pursuant to Section 2.08, repayments of Revolving Loans made pursuant to Section 2.07(a) or 3.07 (if accompanied by a corresponding reduction of commitments), prepayments of Pari Passu Lien Debt, or prepayments of the Second Lien Term Loans and other Junior Lien Debt, in each case, to the extent not funded with the proceeds of Funded Debt; minus

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