Common use of Application of Rental Payments Clause in Contracts

Application of Rental Payments. All rental payments received shall be applied: first to the Base Rental Payments due hereunder (including any prepayment premium components); and thereafter to all Additional Rental due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.

Application of Rental Payments. All rental payments Base Rental Payments received shall be applied: applied first to the interest components of the Base Rental Payments due hereunder, then to the principal components (including any prepayment premium components) of the Base Rental Payments due hereunder (including any prepayment premium components); and thereafter to all Additional Rental due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.

Application of Rental Payments. All rental payments Base Rental Payments received shall be applied: applied first to the interest components of the Base Rental Payments due hereunder, then to the principal components (including any prepayment premium components) of the Base Rental Payments due hereunder (including any prepayment premium components); and thereafter to all Additional Rental Payments due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.

Application of Rental Payments. All rental payments received shall be applied: applied first to the Base Rental Payments payments due hereunder (including any prepayment premium components); hereunder, and thereafter then to all the Additional Rental payments due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.