Order of Application of Payments. All payments under this Agreement shall be applied first to interest and then to principal.
Order of Application of Payments. All payments hereunder shall be applied first to fees, charges, including late charges, attorney's fees and costs, if any, then to interest and then to principal (with the oldest outstanding principal amounts being the first to be paid).
Order of Application of Payments. BNPPLC will be entitled to apply any payments by or on behalf of NAI against NAI’s obligations under this Paragraph 10 or against other amounts owing by NAI and then past due under any of the other Operative Documents in the order the same became due or in such other order as BNPPLC may elect.
Order of Application of Payments. All payments to be applied against this Note and the amounts from time to time payable hereunder, shall be applied in the following order of priority: (i) against costs and expenses of each and every Event of Default, if any, (including with relationship to the Holder’s rights and duties toward holders of Senior Debt and/or Junior Debt and/or in any proceeding or suits related to such Event of Default); (ii) against all outstanding interest payable at an increased rate hereunder by reason of any Default; (iii) against all outstanding interest payable at the base rate of 6.5%; (iv) against any other non-principal monetary rights the Holder may come to have against the company by reason of this Note; (v) against prepayment of principal pursuant to a Notice of Prepayment; (vi) against past-due principal Installments, on this Note, in the sequence of such past-due Installments, oldest to most recent; (vii) against the outstanding principal of this Note, in reverse order of the scheduled Installment Dates of those principal Installments.
Order of Application of Payments. All payments under this Agreement shall be applied to reduce the Repayment Amount.
Order of Application of Payments. Each payment under this Note shall be credited in the following order: (a) costs, fees, charges, and advances paid or incurred by Lender or payable to Lender and interest under any provision of this Note, the Loan Agreement, or the Security Instrument, in such order as Lender, in its sole and absolute discretion, elects, (b) interest payable under the Note, and (c) principal under the Note.
Order of Application of Payments. Subject to the Intercreditor Agreement and the provisions of subsection (b) below, all payments and prepayments and any other amounts received by the Administrative Agent from or for the benefit of the a Borrower shall be applied, first to pay principal of and interest on any portion of the Term Loans which the Administrative Agent may have advanced on behalf of any Lender for which the Administrative Agent has not then been reimbursed by such Lender or the Borrowers, second ratably to pay all other Obligations in respect of fees, expenses, reimbursements or indemnities then due and payable, third ratably to pay interest then due in respect of the Term Loans, and fourth to pay the principal of the Term Loans then due and payable.
Order of Application of Payments. BNPPLC will be entitled to apply any payments by or on behalf of LRC against LRC’s obligations under this Paragraph 9 or against other amounts owing by LRC and then past due under any of the other Operative Documents in the order the same became due or in such other order as BNPPLC may elect.
Order of Application of Payments. All payments made to the Lender with respect to the Loan or the Loan Obligations, including all prepayments, shall be applied first to any costs and expenses of the Lender, including reasonable attorneys' fees and all expenses under Sections 3.3 and 9, then to any late charges owed to the Lender including under Section 8.3 or under any of the other Loan Documents, then to any fees or charges owed to the Lender, then to interest owed to the Lender, and any balance shall be applied in reduction of principal including any accrued amounts added thereto. The allocation of any payments, including all prepayments, on the Loan to particular Tranches shall be made by the Lender to the Tranches that have been funded in the order in which the Tranches were funded. If a prepayment is made with respect to the sale of an Approved Project as permitted by Section 6.12.3, the Lender shall release any security interests it may have in such Approved Project pursuant to Section 6.12.
Order of Application of Payments. BNPPLC shall be entitled to apply any payments by or on behalf of Specialty Laboratories against Specialty Laboratories' obligations under this subparagraph or against other amounts owing by Specialty Laboratories and then past due under any of the other Operative Documents in the order the same became due or in such other order as BNPPLC may elect.
