Xxxxxx and Application of Payments. All payments due hereunder shall be paid in lawful money of the United States of America which shall be legal tender in payment of all debts and dues, public and private, in immediately available funds, without offset, deduction or recoupment. Any payment by check or draft shall be subject to the condition that any receipt issued therefor shall be ineffective unless the amount due is actually received by the Holder. Each payment shall be applied first to the payment of any and all costs, fees and expenses incurred by or payable to the Holder in connection with the collection or enforcement of this Note, second to the payment of all unpaid late charges (if any), third, to the payment of all accrued and unpaid interest hereunder and fourth, to the payment of the unpaid Principal Amount, or in any other manner which the Holder may, in its sole discretion, elect from time to time.
Xxxxxx and Application of Payments. All amounts payable hereunder shall be payable to Holder by wire transfer of immediately available funds. Payments hereunder shall be applied first to interest and then to principal outstanding hereunder, except that if Xxxxxx has incurred any cost or expense in connection with the enforcement or collection of the obligations of the Borrower hereunder, Xxxxxx shall have the option of applying any monies received from the Borrower to payment of such costs or expenses plus interest thereon before applying any of such monies to any interest or principal then due.
Xxxxxx and Application of Payments. All payments and prepayments by Maker on account of principal or interest hereunder shall be made in immediately available funds. All such payments shall be made to Payee at the address set forth above no later than 12:00 noon, eastern time, on the date due and funds received after that hour shall be deemed to have been received by Payee on the next following business day. If any payment is scheduled to become due and payable on a day that is not a business day, such payment shall instead become due and payable on the immediately following business day and interest on the principal portion of such payment shall be payable at the then applicable rate during such extension. All payments made on this Note shall be applied first to accrued interest and then to principal.
Xxxxxx and Application of Payments. All payments of interest and principal shall be made in lawful money of the United States of America by cashier’s check, certified check, or by wire transfer of immediately available funds to the Noteholder’s account at a bank specified by the Noteholder in writing to the Company from time to time. All payments made under this Note shall be applied first to accrued interest and second to principal.
Xxxxxx and Application of Payments. Any payment received or required to be received hereunder is referred to herein as an “Installment.” Absent an Event of Default, each Installment shall be applied (i) first, to reimbursable costs of Lender, (ii) second, to the payment of any interest accrued and not yet paid, and (iii) third, the balance shall be applied in reduction of the Principal Amount. Upon the occurrence of any Event of Default, Installments or amounts received on account of payment or collection will be applied by Xxxxxx as determined by Lender in its sole discretion. Installments under this Note are payable in lawful money of the United States of America and in same day funds, without abatement, reduction, deduction, counterclaim recoupment, defense or setoff, to Lender at the account or accounts designated by Xxxxxx from time to time in writing.
Xxxxxx and Application of Payments. All amounts payable in cash hereunder shall be payable to Holder by wire transfer of immediately available funds and in lawful money of the United States of America without set-off, deduction or counterclaim at such place as Holder may from time to time designate in writing to Maker. Payments hereunder shall be applied first to interest and then to principal outstanding hereunder, except that if Xxxxxx has incurred any cost or expense in connection with the enforcement or collection of the obligations of Maker hereunder, Holder shall have the option of applying any monies received from Maker to payment of such costs or expenses plus interest thereon before applying any of such monies to any interest or principal then due. If any payment of principal or interest under this Note shall be payable on a day other than a business day such payment shall be made on the next succeeding business day and interest shall be payable at the rate specified in this Note during such extension. The books and records of Holder shall be the best evidence of any amounts at any time owed under this Note (including but not limited to principal, interest and any fees owed hereunder) and shall be conclusive absent manifest error.
Xxxxxx and Application of Payments. Borrower shall make all payments to Lender required or permitted under this Note by wire transfer to an account to be designated by Lender in writing not less than three (3) days prior to the date on which payment is due, or at such other place and such other manner as Lender may designate. All payments received hereunder shall be applied as follows: first, to any costs or expenses incurred by Xxxxxx in collecting such payment or to any other unpaid charges or expenses due hereunder; second, to accrued but unpaid interest; and third, to principal. The sum or sums shown on Xxxxxx’s records shall be evidence of the correct unpaid balances of principal and interest on this Note, absent manifest error.
