Common use of Manner of Payment - Application Clause in Contracts

Manner of Payment - Application. All payments of principal and interest on the Loans shall be payable at the principal office of the Bank in Indianapolis, Indiana, in funds available for the Bank's immediate use in that city and no payment will be considered to have been made until received in such funds. All payments received on account of any of the Loans will be applied first to the satisfaction of any interest which is then due and payable, and to principal only after all interest which is due and payable has been satisfied.

Manner of Payment - Application. All payments of principal and interest on the Loans shall be payable at the principal office of the Bank in Indianapolis, Indiana, in funds available for the Bank's immediate use in that city and no payment will be considered to have been made until received in such funds. All payments received on account of any of the Loans each Loan will be applied first to the satisfaction of any interest which is then due and payablepayable on account of such Loan, and to principal only after all interest which is due and payable has been satisfied.

Manner of Payment - Application. All payments of principal and interest on the Loans Loan shall be payable at the principal office of the Bank in Indianapolis, Indiana, in funds available for 47 the Bank's immediate use in that city and no payment will be considered to have been made until received in such funds. All payments received on account of any of the Loans Loan will be applied first to the satisfaction of any interest which is then due and payable, and to principal only after all interest which is due and payable has been satisfied.

Manner of Payment - Application. All payments of principal and interest on the Loans Loan shall be payable at the principal office of the Bank in Indianapolis, Indiana, in funds available for the Bank's immediate use in that city and no payment will be considered to have been made until received in such funds. All payments received on account of any of the Loans Loan will be applied first to the satisfaction of any interest which is then due and payable, and to principal only after all interest which is due and payable has been satisfied.