Common use of Allocation of Receipts Clause in Contracts

Allocation of Receipts. If any amount received by the Lender is less than the full amount due, the Lender shall have the right to allocate the amount received towards principal, interest and/or other sums owing hereunder as it considers appropriate.

Allocation of Receipts. If any amount received by the Lender in respect of sums due from the Borrower hereunder is less than the full amount due, the Lender shall have the right to allocate the amount received towards principal, interest interest, expenses and/or other sums owing hereunder under this Agreement as it considers appropriate.

Allocation of Receipts. If any amount received by the Lender by or on behalf of the Borrower under this Agreement is less than the full amount due, the Lender shall have the right to allocate the amount received towards principal, interest and/or other sums owing hereunder as it considers appropriate.