Application of Payment. All payments on or in respect of this Note, shall be applied first to any accrued or past due payments Regular Interest and Deferred Interest and then to the outstanding principal balance of this Note.
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Samples: Subordinated Promissory Note (Thomas Group Inc), Subordinated Promissory Note (Thomas Group Inc), Subordinated Promissory Note (Thomas Group Inc)
Application of Payment. All payments made on or in respect of this Note, Note shall be applied first to any payment of accrued or past due but unpaid interest and the remainder of all such payments Regular Interest and Deferred Interest and then shall be applied to the reduction of the outstanding principal balance of on this Note.
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