Yes whichever sells first, goes to repayment ASAP.
kujoking7: Suggestion. Please don't accept any coins yourself, and direct the payment for the items to a reputable member who could make sure that the money is used to repay loans.
Or better yet, post the loan repay address publicly and have the payment from buyer go directly to it. Since there amounts would be different from his other items, it would be obvious what was going on.