Common use of Payment Application Clause in Contracts

Payment Application. The manner in which Lender accounts for the Obligations or applies payments for its regulatory or accounting purposes shall not change the Borrower's legal liability or the manner of application as governed by this Agreement.

Payment Application. The manner in which Lender accounts for the Obligations or applies payments for its regulatory regulato­ry or accounting purposes shall not change the Borrower's ’s legal liability or the manner of application as governed by this AgreementAgree­ment.