Common use of IMPUTATION OF PAYMENTS Clause in Contracts

IMPUTATION OF PAYMENTS. 8.1. In accordance with art. 1506 paragraph (1) of the Civil Code, the Lender and the Borrower agree that the payments made by the Borrower shall be imputed by the Lender in the following order: other Loan – related costs, penalty interests, commissions, statutory interests, borrowed capital.

Appears in 4 contracts

Samples: Loan Agreement, Based Loan Agreement, Based Loan Agreement

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