Common use of Interest; Application of Prepayments Clause in Contracts

Interest; Application of Prepayments. Each prepayment of Term Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section 3.9, and shall be applied to principal in inverse order of maturity.

Appears in 7 contracts

Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)

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Interest; Application of Prepayments. Each prepayment of the Term Loans Loan shall be accompanied by all interest accrued thereon and any amounts payable under Section 3.9, and shall be applied to principal in inverse order of maturity.

Appears in 3 contracts

Samples: Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

Interest; Application of Prepayments. Each prepayment of Term Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section underSection 3.9, and shall be applied to principal in inverse order of maturity.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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Interest; Application of Prepayments. Each prepayment of Term Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section SECTION 3.9, and shall be applied to principal in inverse order of maturity.

Appears in 1 contract

Samples: Loan and Security Agreement (WHX Corp)

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