Prepayment Application. Each prepayment of the Loan by the Borrower pursuant to this Section 3 shall be applied first, to accrued but unpaid interest on the principal amount being prepaid, and second, the balance to the principal amount of the Loan.
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Sources: Term Loan Agreement (MSC Income Fund, Inc.), Credit Agreement (MSC Income Fund, Inc.)
Prepayment Application. Each prepayment of the Loan Loans by the Borrower pursuant to this Section 3 shall be applied first, to accrued but unpaid interest and fees on the principal amount being prepaid, and second, the balance to the principal amount of the LoanLoans.
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