Common use of Payment Schedule Clause in Contracts

Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option.

Appears in 12 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

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Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender Bank shall determine at its option.

Appears in 10 contracts

Samples: Credit Agreement (Brite Voice Systems Inc), Loan Agreement (Powercerv Corp), Loan Agreement (Integral Systems Inc /Md/)

Payment Schedule. All payments received hereunder shall be applied applied, first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option.

Appears in 3 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

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Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this NoteNote ("Loan Documents"), then to interest due and payable, with the balance being applied to principal, or in such other order as Lender Bank shall determine at its option.

Appears in 1 contract

Samples: Consolidation Promissory Note (Elcotel Inc)

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