Common use of Allocation of Principal and Interest Clause in Contracts

Allocation of Principal and Interest. Except as otherwise provided in Section 5.6, each payment of principal of and premium, if any, and interest on each Note shall be applied, first, to the payment of accrued but unpaid interest on such Note (as well as any interest on overdue principal or, to the extent permitted by applicable Law, overdue interest) to the date of such payment, second, to the payment of the principal amount of and premium, if any, on such Note then due (including any overdue installment of principal) thereunder, and third, the balance, if any, to the payment of the principal amount of such Note remaining unpaid.

Allocation of Principal and Interest. Except as otherwise provided in Section 5.6, each Each payment of principal of and premium, if any, and interest and Additional Amounts on each Note shall be applied, first, to the payment of accrued but unpaid interest on such Note (as well as any interest on overdue principal or, to the extent permitted by applicable Law, overdue interest) to the date of such payment, second, to the payment of the principal amount of and premiumpremium and Additional Amounts, if any, on such Note then due (including any overdue installment of principal) thereunderthereunder and, and third, the balance, if any, to the payment of the principal amount of such Note remaining unpaid.

Allocation of Principal and Interest. Except as otherwise provided in Section 5.6In the case of each Note, each payment of principal of and premium, if any, thereof and interest on each Note thereon shall be applied, first, to the payment of accrued but unpaid interest on such Note (as well as any interest on overdue principal or, to the extent permitted by applicable Lawlaw, overdue interest) to the date of such such~payment, second, to the payment of the principal amount of of, and premium, if any, on such Note then due (including Cincluding any overdue installment of principal) thereunder, thereu~der and third, the balance, if any, remaining thereafter, to the balance of the payment of the principal amount of of, and premium, if any, on such Note remaining unpaidNote.

Allocation of Principal and Interest. Except as otherwise provided in Section 5.6the case of each Note, each payment of principal of and premium, if any, thereof and interest on each Note thereon shall be applied, first, to the payment of accrued but unpaid interest on such Note (as well as any interest on overdue principal or, to the extent permitted by applicable Lawlaw, overdue interest) to the date of such payment, second, to the payment of the principal amount of of, and premium, if any, on such Note then due (including any overdue installment of principal) thereunder, thereunder and third, the balance, if any, remaining thereafter, to the balance of the payment of the principal amount of of, and premium, if any, on such Note remaining unpaidNote.

Allocation of Principal and Interest. Except as otherwise provided in Section 5.6In the case of each Note, each payment of principal of and premium, if any, thereof and interest on each Note thereon shall be applied, first, to the payment of accrued but unpaid interest on such Note (as well as any interest on overdue principal or, to the extent permitted by applicable Lawlaw, overdue interest) to the date of such payment, second, to the payment of the principal amount of of, and premium, if any, on such Note then due (including any overdue installment of principal) thereunder, thereunder and third, the balance, if any, remaining thereafter, to the balance of the payment of the principal amount of of, and premium, if any, on such Note remaining unpaid.Note