Application of Payment. The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.
Application of Payment. All payments received by MediCard from the MEMBER shall be applied to the SOAs, in the order of respective due dates, starting from the earliest. Payment will be applied to the interest or penalty first before applying it to the principal amount.
Application of Payment. Except as otherwise expressly set forth herein, all payments received by Lender hereunder shall be applied, in accordance with the then current billing statement applicable to the Borrowing, first to accrued interest, then to fees, then to principal due and then to late charges. Any remaining funds shall be applied to the further reduction of principal. In the event more than one Borrowing shall be outstanding hereunder, and no designation is made by Borrower, Lender, in its discretion, may determine to which Borrowing(s) each payment shall be applied. Notwithstanding the foregoing, upon the occurrence of a Default Condition or Event of Default, payments shall be applied to the Obligations in such order as Lender, in its sole discretion, may elect.
Application of Payment. Subsequent to the acceleration of the Obligations or upon Administrative Agent’s exercise of any rights and remedies during an Event of Default against the Collateral, in each case, under Section 8.1 hereof, payments and prepayments with respect to the Obligations made to Administrative Agent, the Lenders, Issuing Lender, or Swingline Lender or otherwise received by Administrative Agent, any Lender, Issuing Lender or Swingline Lender (from realization on Collateral or otherwise, but excluding any funds held to Cash Collateralize the LC Exposure which shall be applied to, or held to pay, the LC Exposure as set forth in Section 2.5(l) and subject to the rights of Non-Defaulting Lenders pursuant to Section 2.21) shall be distributed in the following order of priority: FIRST, to the fees, indemnities, expenses and other amounts (including attorneys’ fees and expenses), if any, payable to Administrative Agent in its capacity as such; SECOND, to the fees, indemnities, expenses and other amounts (other than principal, reimbursement obligations in respect of L/C Disbursements and interest) payable to the Lenders, Swingline Lender and Issuing Lender (including attorneys’ fees and expenses) arising under the Loans Documents, ratably among them in proportion to the respective amounts described in this clause payable to them; THIRD, to the payment of interest then due and payable on the Swingline Loans; FOURTH, to the payment of the principal of any Swingline Loans then outstanding; FIFTH, to the payment of interest then due and payable on the Revolving Credit Loans and the Term Loans, on a pro rata basis; SIXTH, on a pro rata basis, to (a) the payment of principal of the Revolving Credit Loans, (b) the payment of principal of the Term Loans, (c) Cash Collateralize the LC Exposure in accordance with clause (a) of the definition of “Fully Satisfied” set forth in this Agreement, and (d) the payment of (or Cash Collateralization of in accordance with clause (b) of the definition of “Fully Satisfied” set forth in this Agreement) any Bank Product Obligations until Fully Satisfied; SEVENTH, to any other Obligations not otherwise referred to in this Section, and EIGHTH, to the applicable Obligors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct; provided, however, that, notwithstanding anything to the contrary set forth above, in no event shall any proceeds of any Collateral owned, or any Guarantee provided, by any Obligor under any ...
Application of Payment. The billing entity will conduct all payment processing of current Customer charges. In the event of a partial payment of a bill by a Customer, the Customer’s remittance will be applied in the following order: (i) arrears for Company’s Electric Supply and Delivery or Delivery Service; (ii) arrears for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (iii) by vintage of arrearage, arrears for Electric Supplier charges, where applicable and then same-vintaged arrears for Gas Supplier charges, where applicable; (iv) current charges for Company’s Electric Supply and Delivery or Delivery Service; (v) current charges for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (vi) current charges for Electric Supplier charges, where applicable; (vii) current charges for Gas Supplier charges, where applicable; (viii) arrears for Company’s “Value Added Services”, where applicable; and (ix) current charges for Company’s “Value Added Services”, where applicable. Any amounts in excess of the totality of these charges will be held in the billing entity's account for the Customer for distribution in the following billing cycle or will be refunded to the Customer at the Customer’s request. In the event a Customer remits payment to the wrong party, said payment will be returned to the Customer with notice of same. In the event that a bank returns a Customer’s check dishonored, such debits will be applied in inverse order to the order set forth above. The Company will correct any misapplied payments or transactions. Further, the Company will provide the Supplier an electronic file consisting of Customer payments and any returned checks and/or Customer adjustments. Each Party will assume its portion of any incremental costs associated with this electronic funds transfer.
Application of Payment. Money paid by RESIDENT to MANAGEMENT shall be applied to RESIDENT’S account in the following order: FIRST, to outstanding late charges and returned check charges; SECOND, to outstanding legal fees and/or court costs legally chargeable to RESIDENT; THIRD, to outstanding utility bills or unit charges; and FOURTH, to rent. RI
Application of Payment. Except as otherwise expressly set forth herein, all payments received by Lender hereunder shall be applied, in accordance with the then current billing statement applicable to the Borrowing, first to accrued interest, then to fees, and then to principal due. Any remaining funds shall be applied to the further reduction of principal. Notwithstanding the foregoing, upon the occurrence of a Default Condition or Event of Default, payments shall be applied to the Obligations in such order as Lender, in its sole discretion, may elect.
Application of Payment. All payments on or in respect of this Note, shall be applied first to any accrued or past due payments Regular Interest and Deferred Interest and then to the outstanding principal balance of this Note.
Application of Payment. In case of partial payment of the Credit Card balances, the same shall be applied to the Credit Card account on normal status in the following order:
Application of Payment. Any payment made on account of this Deed of Trust shall be applied (i) first to the payment of late charges and interest, if any, (ii) second, to any amounts advanced by the Beneficiary pursuant to the Deed of Trust and (iii) third, to the principal balance of the Loan.
