Common use of Payment Schedule Clause in Contracts

Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option.

Appears in 12 contracts

Sources: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender Bank shall determine at its option.

Appears in 10 contracts

Sources: Loan Agreement (Integral Systems Inc /Md/), Credit Agreement (Brite Voice Systems Inc), Loan Agreement (Tandy Brands Accessories Inc)

Payment Schedule. All payments received hereunder shall be applied applied, first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option.

Appears in 3 contracts

Sources: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this Note, then to interest due and payable, with the balance applied to principal, or in such other order as Lender shall determine at its option. Principal shall be paid in full in a single payment on October 31, 2002. Interest thereon shall be paid monthly, on the first day of each Interest Period, and continuing on the first day of each successive month thereafter, with a final payment of all unpaid interest at the stated maturity of this Note.

Appears in 1 contract

Sources: Loan Agreement (Cpac Inc)

Payment Schedule. All payments received hereunder shall be applied first to the payment of any expense or charges payable hereunder or under any other loan documents executed in connection with this NoteNote ("Loan Documents"), then to interest due and payable, with the balance being applied to principal, or in such other order as Lender Bank shall determine at its option.

Appears in 1 contract

Sources: Consolidation Promissory Note (Elcotel Inc)