Application of prepayment. Any prepayment of this Note shall be applied first to pay any accrued and unpaid interest on this Note to the date of prepayment and thereafter to the remaining principal balance of this Note.
Appears in 6 contracts
Samples: Subordination Agreement (Fao Inc), Subordination Agreement (Fao Inc), Intercreditor Agreement (Fao Inc)
Application of prepayment. Any prepayment of this Note shall be applied first to pay any accrued and unpaid interest on this Note to the date of prepayment (after giving effect to any offset of such unpaid interest against expenses reimbursable by KBB under the Agreement) and thereafter to the remaining principal balance of this Note.
Appears in 1 contract
