Applications of Payments. All payments of cash made by the Borrower to the Lender are to firstly be applied to interest, secondly to any outstanding Loan Facilitation Fee amount and thirdly to the principal balance outstanding under the Loan.
Appears in 2 contracts
Samples: Loan Agreement (Eden Energy Corp), Loan Agreement (Vumee Inc.)
Applications of Payments. All payments of cash made by the Borrower to the Lender are to firstly be applied to interest, interest and secondly to any outstanding Loan Facilitation Fee amount and thirdly to the principal balance outstanding under the Loan.
Appears in 2 contracts
Samples: Loan Agreement (Cheetah Oil & Gas Ltd.), Loan Agreement (Cheetah Oil & Gas Ltd.)
Applications of Payments. All payments of on the Loan in cash made by the Borrower to the Lender are to firstly be applied to interest, the Interest and secondly to any outstanding Loan Facilitation Fee amount and thirdly to the principal balance outstanding under the Loan.
Appears in 2 contracts
Samples: Loan Agreement (Lithium Exploration Group, Inc.), Loan Agreement (Lithium Exploration Group, Inc.)
