Common use of Payment Prepayment Clause in Contracts

Payment Prepayment. (a) All payments of the Principal Balance, Interest and any other amounts shall be made in lawful money of the United States of America by bank check, money order, cash or via wire transfer to an account of the Holder noticed to the Company in writing prior to the Maturity Date at the option of the Company, to the Holder’s address set forth above or to the last address entered on the books of the Company. Payment shall be credited first to amounts due other than the Principal Balance and Interest, then to the accrued Interest then due and payable, if any, and then the remainder applied to the Principal Balance.

Appears in 6 contracts

Samples: La Rosa Holdings Corp., La Rosa Holdings Corp., La Rosa Holdings Corp.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.