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Application of Takeover Protections
Application of Takeover Protections contract clause examples

Application of Prepayments. All amounts paid pursuant to Section 3.3(a) shall be applied as directed by the Borrowers. All amounts paid pursuant to Section 3.3(a) the application of which has not been directed by the Borrowers and all amounts required to be paid pursuant to [Section 3.3(b)(i)] shall be applied first to Base Rate Loans, then to LIBOR Loans, then to Eurodollar Loans in direct order of Interest Period maturities, and then to Competitive Bid Loans (subject to the last sentence of Section 3.3(a)). All prepayments hereunder shall be subject to [Section 3.14]; provided that prepayments required to be made pursuant to [Section 3.3(b)] that repay a Eurodollar Loan within 30 days of the last day of its Interest Period shall not be subject to [Section 3.14].

Source document

Within the parameters of the applications set forth above, prepayments pursuant to this [Section 2.05(b)] shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this [Section 2.05(b)] shall be subject to [Section 3.05], but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Source document

Within the parameters of the applications set forth above, prepayments pursuant to this [Section 2.05(b)] shall be applied first to Base Rate Loans and then to Eurocurrency Rate Loans in direct order of Interest Period maturities. All prepayments under this [Section 2.05(b)] shall be subject to [Section 3.05], but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Source document

Within the parameters of the applications set forth above, prepayments shall be applied first ratably to Base Rate Loans and Daily Floating Eurodollar Rate Swing Line Loans and then to Eurodollar Rate Loans or CDOR Rate Loans in direct order of Interest Period maturities. All prepayments under this [Section 2.05(b)] shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

Source document

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