Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.
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Samples: Credit Agreement (Online Resources Corp), Credit Agreement (Courtside Acquisition Corp), Credit Agreement (Danielson Holding Corp)
Application of Payments to Principal and Interest. All Except as otherwise provided herein, all payments in respect of the principal amount of any Loan the Loans shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal. Notwithstanding the foregoing, if any fees due Lenders hereunder are unpaid when any payments are received by Agent in respect of Loans, such payments shall be applied first to payment of such fees, and then to principal and interest as aforesaid.
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Samples: Convertible Term Loan Agreement (Banyan Strategic Realty Trust)
Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, and in any event, event any payments made in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal unless the Agent elects to apply such amounts to principal.
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Samples: Loan Agreement (Safety 1st Inc)
Application of Payments to Principal and Interest. All Except as otherwise provided herein, all payments in respect of the principal amount of any the Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.
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Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan the Loans shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of unpaid interest before application to principal.. D.
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Samples: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)
Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued and unpaid interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest interest, fees and late charges (in such order as Lender may elect) before application to principal.
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Application of Payments to Principal and Interest. All Except as otherwise provided in Section 2.2C, all payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.
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