Applications of Payments. All payments on the Loan in cash made by the Borrower to the Lender are to firstly be applied to the Interest and secondly 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.)
Applications of Payments. All payments on the Loan in of cash made by the Borrower to the Lender are to firstly be applied to the Interest interest, secondly to any outstanding Loan Facilitation Fee amount and secondly 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 on the Loan in of cash made by the Borrower to the Lender are to firstly be applied to the Interest interest and secondly 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.)
