Applications of Payments. All payments of cash made by the Borrower to the Lender are to firstly be applied to interest and secondly to the principal balance outstanding under the Loan.
Applications of Payments. All payments of this Note shall be applied first in payment of accrued interest and any remainder in payment of principal.
Applications of Payments. Payments received by Holder pursuant to the terms hereof shall be applied first to the payment of all interest accrued to the date of such payment and second to the payment of principal. Notwithstanding anything to the contrary contained herein, after the occurrence and during the continuation of an Event of Default (as hereinafter defined), all amounts received by Holder from any party shall be applied in such order as Holder, in its sole discretion, may elect.
Applications of Payments. Payments received by Holder pursuant to -------------------------- the terms hereof shall be applied in the following manner: (1) to the payment of all expenses, charges, late payment fees, costs and fees incurred by or payable to Holder and for which Maker is obligated pursuant to the terms of this Note; (2) to the payment of all interest accrued to the date of such payment; and (3) to the payment of principal.
Applications of Payments. Borrower consents and agrees that, whether or not an Event of Default shall have occurred, Lender shall be entitled to apply the proceeds of any payment made to Lender by or on behalf of Borrower, including, without limitation, any and all proceeds arising from any of the Collateral securing the obligations of Borrower to Lender, in the manner and against the obligation or obligations as determined in the sole and absolute discretion of Lender.
Applications of Payments. Any payments received by the Bank on account of this Note shall, at the Bank's option, be applied first, to accrued and unpaid interest; second, to the unpaid principal balance hereof; third to any costs, expenses or charges then owed to the Bank by the Borrower. Notwithstanding the foregoing, any payments received after the occurrence and during the continuance of an Event of Default shall be applied in accordance with the Loan Agreement. The Borrower hereby authorizes the Bank to charge any deposit account which the Borrower may maintain with the Bank for any payment required hereunder without prior notice to the Borrower.
Applications of Payments. Each payment received by Lender under Subordinated Note shall be applied, first, to the payment of accrued interest on the Subordinated Note to the date of such payment (as well as any interest on overdue principal or, to the extent permitted by law, interest and other amounts thereunder), second, to the payment of the principal amount of the Subordinated Note remaining unpaid.
Applications of Payments. Amounts received by the Agent for application to amounts due and payable to the Agent or the Banks shall be applied, if not otherwise specified by Borrower or if received after the occurrence and continuance of an Event of Default, to amounts due and payable as follows: first, to any amounts due and payable under Section 9.3, second, to the ratable payment of any accrued interest or fees that are then due and payable, third, to the payment of the outstanding Swing Line Advances, fourth, to the ratable payment of the outstanding Base Rate Advances, and fifth to the ratable payment of other outstanding Advances in the order of nearest expiring LIBOR Periods, together with, in the case of payment of LIBOR Rate
Applications of Payments. Any amounts collected by the Agent hereunder, whether principal or interest payments or proceeds in payment of the Loan, shall be paid to each Lender according to its pro-rata share.
Applications of Payments. Notwithstanding anything to the contrary contained in this Agreement, all payments of principal and interest under the Loan and the Other Loan shall be applied in a 25/75 ratio to outstanding amounts of principal and interest under the Loan and the Other Loan, respectively, regardless of how Borrower directs that such payments be applied. If Borrower desires to make any payment under the Loan with Loan Reduction Collateral, he may do so only if he makes a prepayment under the Other Loan with collateral (as the term "Collateral" is defined under the Other Loan Agreement) with a Current Fair Market Value equal to three (3) times the Current Fair Market Value of the applicable Loan Reduction Collateral and otherwise consisting of the same proportionate quantities of securities and other property as the applicable Split Collateral.
