Application and Place of Payments. All payments, made on account of this Note shall be applied first to the payment of any late charge then due hereunder, second to the payment of any prepayment fee then due hereunder, third to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid Principal Sum. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during regular business hours of the Lender at its principal office in Baltimore, Maryland or at such other times and places as the Lender may at any time and from time to time designate in writing to the Borrowers.
Application and Place of Payments. All payments made on account of this Installment Note shall be applied, first, to the payment of any unpaid and accrued enforcement and collection costs incurred by Holder, if any, second, to the payment of accrued and unpaid interest, and the remainder, if any, shall be applied to the unpaid Principal Sum. All payments on account of this Installment Note shall be paid in immediately available funds via wire transfer to an account designated in writing by Holder.
Application and Place of Payments. All payments, made on account of this Note shall be applied first to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid Principal Sum. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during regular business hours of the Lender at its principal office in Rockville, Maryland or at such other times and places as the Lender may at any time and from time to time designate in writing to the Borrowers.
Application and Place of Payments. All payments hereunder shall be applied first to the payment of any late charges and costs of collections then due hereunder, second to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid Principal Sum. Notwithstanding the foregoing, accrued and unpaid interest on amounts outstanding hereunder bearing interest on a LIBOR Rate basis shall be due and payable on the last day of the applicable LIBOR Rate Funding Period (as herein defined) and if such LIBOR Rate Funding Period is longer than ninety (90) days, on the ninetieth (90th) day of each LIBOR Rate Funding Period. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds on or before 11:00 a.m. (Washington, D.C. time) at its principal office in McLean, Virginia or at such other times and places as the Lender may at any time and from time to time designate in writing to the Borrower.
Application and Place of Payments. All payments, made on account of this Note shall be applied first to the payment of any late charge then due hereunder, second to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid Principal Sum. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during regular business hours of the Lender at its principal office in Bethesda, Maryland or at such other times and places as the Lender may at any time and from time to time designate in writing to the Borrowers. The Lender is authorized to deduct any payment (including payments of principal and/or interest as above provided) from the Borrowers' Account Number ______________ on or after the date the payment is due; provided, however, that such authorization shall not be deemed to relieve the Borrowers from their joint and several obligation to make such payment when it is due.
Application and Place of Payments. Unless otherwise set forth in the Financing Agreement, all payments, made on account of this Note shall be applied in accordance with Section 2.2 (The Term Loan) of the Financing Agreement.
Application and Place of Payments. All payments made on account of this Note shall be applied in the manner provided in the Financing Agreement. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during regular business hours of the NationsBank, N.A., a national banking association (the "Administrative Agent" under the Financing Agreement), at its NationsBank Business Credit office at 100 Xxxxx Xxxxxxx Xxxxxx, Baltimore, Maryland, or at such other times and other Appropriate Payment Offices as the Administrative Agent may at any time and from time to time designate in writing to the Borrowers.
Application and Place of Payments. All payments made on account of this Note shall be applied in the manner provided in the Financing Agreement. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during regular business hours of the Lender at its principal office in Baltimore, Maryland or at such other times and places as the Lender may at any time and from time to time designate in writing to the Borrower.
Application and Place of Payments. All payments, made on account of this Note shall be applied first to the payment of any late charges, costs or expenses then due hereunder, second to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid Principal Sum. All payments on account of this Note shall be paid in lawful money of the United States of America in immediately available funds during normal business hours at the last known address of Creditor, or at such times and places as Creditor may at any time and from time to time designate in writing to Debtor; provided however, that any Losses (as that term is defined in Section 13.3 of the Asset Purchase Agreement by and among Debtor, Creditor, [Stockholder], and Comtrex Corporation of even date herewtih (the “Asset Purchase Agreement”)) against which Creditor is or becomes obligated to indemnify Debtor (whether such obligation arises out of the Asset Purchase Agreement or some other document, instrument, or agreement executed in connection therewith), shall be deemed to be payments made by Debtor on account of this Note.
Application and Place of Payments. All payments, made on account of this Note shall be applied in accordance with Section 2.2 (Acquisition Line Facility) of the Financing Agreement)
