Common use of Partial Payment of Amounts in Arrears Clause in Contracts

Partial Payment of Amounts in Arrears. If amounts in respect of Amounts in Arrears and Additional Interest Amounts are at any time only partially payable: (i) all unpaid amounts of Amounts in Arrears shall be payable before any Additional Interest Amounts; (ii) Amounts in Arrears accrued for any Interest Period shall not be payable until full payment has been made of all Amounts in Arrears that have accrued during any earlier Interest Period and the order of payment of Additional Interest Amounts shall follow that of the Amounts in Arrears to which they relate; and (iii) the Amounts in Arrears or Additional Interest Amounts payable in respect of any Note in respect of any Interest Period shall be pro rated to the total amount of all unpaid Amounts in Arrears or, as the case may be, Additional Interest Amounts accrued in respect of that period to the date of payment.

Partial Payment of Amounts in Arrears. If amounts in respect of Amounts in Arrears and Additional Interest Amounts are at any time only partially payable: (i) all unpaid amounts of Amounts in Arrears shall be payable before any Additional Interest AmountsAmounts on such Amount in Arrears; (ii) Amounts in Arrears accrued for any Interest Period shall not be payable until full payment has been made of all Amounts in Arrears that have accrued during any earlier Interest Period and the order of payment of Additional Interest Amounts on such Amount in Arrears shall follow that of the Amounts in Arrears to which they relate; and (iii) the Amounts in Arrears or Additional Interest Amounts on such Amount in Arrears payable in respect of any Note in respect of any Interest Period shall be pro rated to the total amount of all unpaid Amounts in Arrears or, as the case may be, Additional Interest Amounts accrued in respect of that period to the date of payment.