Application of Principal Prepayments. All prepayments received pursuant to this Section 2.3 shall be applied to the payments of principal due under the Loan in the inverse order of maturity.
Application of Principal Prepayments. All prepayments received pursuant to this Section 2.3 and Section 2.6 shall be applied, first, to interest on the portion of the outstanding principal balance being prepaid that accrued through and including the Prepayment Date, second, to the Interest Shortfall as the same may be adjusted pursuant to the last paragraph of Section 2.3.1(c) hereof, if applicable, with respect to the amount prepaid and third, to all other amounts then due to Lender under this Agreement or any of the other Loan Documents and then to the payment of principal due under the Loan.
Application of Principal Prepayments. If no Event of Default has occurred and is continuing, all prepayments which are applied to reduce the principal amount of Revolving Loans shall be applied to Revolving Loans as directed by Borrower. If Borrower fails to direct the application of any such principal prepayments or if an Event of Default has occurred and is continuing, such principal prepayments shall be applied first to Revolving Loan Borrowings consisting of Revolving Prime Rate Loans and then to Revolving Loan Borrowings consisting of Revolving LIBOR in chronological order of maturity.
Application of Principal Prepayments. All voluntary and involuntary prepayments on the Debt shall be applied, to the extent thereof, to accrued but unpaid interest on the amount prepaid, to the Outstanding Principal Balance, and any other sums due and unpaid to the Lender in connection with the Loan, in such order. During the continuance of an Event of Default, any payment made on the Debt shall be applied to accrued but unpaid interest, late charges, accrued fees, the unpaid principal amount of the Debt, and any other sums due and unpaid to Lender in connection with the Loan, in such manner and order as Lender may elect in its sole and absolute discretion.
Application of Principal Prepayments. 45 Section 2.4 Defeasance. ..................................................................................................45
Application of Principal Prepayments. 29 Section 2.4 Defeasance 29 2.4.1 Voluntary Defeasance 29 2.4.2 Successor Borrower 31 Section 2.5 Release of Property 32 2.5.1 Release on Defeasance 32 2.5.2 Release on Payment in Full 32 III. CASH MANAGEMENT 32 Section 3.1 Establishment of Accounts 32 Section 3.2 Deposits into Lockbox Account 33 Section 3.3 Account Name 33 Section 3.4 Eligible Accounts 33 Section 3.5 Permitted Investments 34 Section 3.6 The Initial Deposits 34 Section 3.7 Transfers To and Disbursements from the Cash Management Account 34 Section 3.8 Withdrawals From Accounts 35
Application of Principal Prepayments. 34 SECTION 2.4 Interest Rate Cap Agreement..................................................... 34 SECTION 2.5 Release of Property............................................................. 36 2.5.1 Release of Individual Property...................................................... 36 2.5.2 Release on Payment in Full.......................................................... 37 SECTION 2.6
