Common use of Application of Payments to Principal Amount and Interest Clause in Contracts

Application of Payments to Principal Amount and Interest. In the case of each Equipment Note, each payment of principal thereof and Make-Whole Amount, if any, and interest thereon shall be applied, first, to the payment of accrued but unpaid interest on such Equipment Note then due thereunder, second, to the payment of the unpaid principal amount of such Equipment Note then due thereunder, third, to the payment of any Make-Whole Amount then due thereon and fourth, to the payment of the remaining outstanding principal amount of such Equipment Note; provided, that the Owner Trustee may only prepay such Equipment Note in accordance with the provisions of Section 2.10, 3.02 and 3.03 hereof.

Application of Payments to Principal Amount and Interest. In the case of each Equipment Note, each payment of principal thereof and Make-Make- Whole Amount, if any, and interest thereon shall be applied, first, to the ----- payment of accrued but unpaid interest on such Equipment Note then due thereunder, second, to the payment of the unpaid principal amount of such ------ Equipment Note then due thereunder, third, to the payment of any Make-Whole ----- Amount then due thereon and fourth, to the payment of the remaining outstanding ------ principal amount of such Equipment Note; provided, that the Owner Trustee may only prepay such Equipment Note in accordance with the provisions of Section 2.10, 3.02 and 3.03 hereof.

Application of Payments to Principal Amount and Interest. In the case of each Equipment Note, each payment of principal thereof and Make-Whole Amountpremium, if any, and interest thereon shall be applied, first, to the payment of accrued but unpaid interest on such Equipment Note then due thereunder, second, to the payment of the unpaid principal amount of such Equipment Note then due thereunder, third, to the payment of any Make-Whole Amount premium then due thereon and fourth, to the payment of the remaining outstanding principal amount of such Equipment Note; provided, that the Owner Trustee may only prepay such Equipment Note in accordance with the provisions of Section 2.10, 3.02 and 3.03 hereof.