Common use of Payment Pro Rata Clause in Contracts

Payment Pro Rata. Payment to the Secured Parties under the Notes shall be made in proportion to the principal and accrued interest then outstanding on any such date of payment to each, until such obligations are paid or retired in full.

Appears in 28 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

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Payment Pro Rata. Payment to the Secured Parties of the Obligations under the Notes Debentures shall be made in proportion to the principal and accrued interest then outstanding on any such date of payment to each, until such obligations are paid or retired in full.

Appears in 1 contract

Samples: Security Agreement (Mitek Systems Inc)

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