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Common use of THIRDLY Clause in Contracts

THIRDLY. in or towards payment pro rata of any principal due but unpaid under this Agreement and all amounts due under the Master Agreement in such order of application and/or in such proportions as the Lender may specify by notice to the Borrower;

Appears in 6 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)

THIRDLY. in or towards payment pro rata of any principal due but unpaid under this Agreement and all amounts due under the Master Agreement in such order of application and/or in such proportions as the Lender may specify by notice to the BorrowerBorrowers;

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)