Prepayments; Application of Payments. This Note may be prepaid, in whole or in part, at any time and from time to time without premium or penalty. Payments on this Note will be applied first to accrued interest due and unpaid, next (to the extent such payment is a prepayment) to accrued interest unpaid and not yet due, next to costs and expenses accrued hereunder, with the balance to principal.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Discus Acquisition Corp), Stock Purchase Note (Discus Acquisition Corp)
Prepayments; Application of Payments. This Note may be prepaid, in whole or in part, at any time and from time to time without premium or penalty. Payments on on, and credits under Section 3.4 against, this Note will be applied first to accrued interest due and unpaid, next (to the extent such payment is a prepayment) to accrued interest unpaid and not yet due, next to costs and expenses accrued hereunder, with the balance to principal.
Appears in 2 contracts
Samples: Redemption Note (Discus Acquisition Corp), Stock Purchase Agreement (Discus Acquisition Corp)
