Pacific Time. Each prepayment will be applied as follows: (a) first, to the payment of interest accrued on all Loans outstanding, and (b) second, to the extent that the amount of such prepayment exceeds the amount of all such accrued interest, to the payment of principal on such Loan or Loans as Borrower may designate.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Marketwatch Com Inc), Revolving Convertible Credit Agreement (Odc Partners LLC), Revolving Credit Agreement (Marketwatch Com Inc)
Pacific Time. Each prepayment will be he applied as follows: (a) first, to the payment of interest accrued on all Loans outstanding, and (b) second, to the extent that the amount of such prepayment exceeds the amount of all such accrued interest, to the payment of principal on such Loan or Loans as Borrower may designate.
Appears in 1 contract
Sources: Revolving Credit Agreement (Intercloud Systems, Inc.)
Pacific Time. Each prepayment will be applied as follows: (a) first, to the payment of interest accrued on all Loans outstanding, outstanding and (b) second, to the extent that the amount of such prepayment exceeds the amount of all such accrued interest, to the payment of principal on such Loan or Loans as Borrower may designate.
Appears in 1 contract
Sources: Credit Agreement (Neoforma Inc/Ca/)