Common use of Application of Payments to Principal and Interest Clause in Contracts

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 70 contracts

Samples: Credit Agreement (Ferroglobe PLC), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

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Application of Payments to Principal and Interest. All Except as provided in subsection 2.2C, all payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 68 contracts

Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (La Quinta Properties Inc)

Application of Payments to Principal and Interest. All Except as provided in subsection 2.2C, all payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 44 contracts

Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Unified Grocers, Inc.), Credit Agreement (Ruths Hospitality Group, Inc.)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 11 contracts

Samples: Credit Agreement (Courtside Acquisition Corp), Credit Agreement (Online Resources Corp), Credit Agreement (Wellsford Real Properties Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan Obligations hereunder shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Obligations on a date when interest is due and payable with respect to such Obligations) shall be applied to the payment of interest before application to principal.

Appears in 10 contracts

Samples: Assignment and Assumption Agreement (Fluor Corp), Assignment and Assumption (Fluor Corp), Assignment and Assumption Agreement (Fluor Corp)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan the Loans shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 9 contracts

Samples: Assignment Agreement (Hospira Inc), Credit Agreement (Hospira Inc), Bridge Loan Agreement (Hospira Inc)

Application of Payments to Principal and Interest. All Except as provided in Section 2.2(c), all payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 8 contracts

Samples: Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (EngageSmart, LLC)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan the Loans shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of unpaid interest before application to principal.

Appears in 7 contracts

Samples: Assignment Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust), Assignment Agreement (Corporate Office Properties Trust)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied and apportioned in the following order, subject to the payment of interest before application to principal.Sections 8.3 and 8.4:

Appears in 4 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Tennenbaum Capital Partners LLC), Credit Agreement (Dialogic Inc.)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaidprepaid and any prepayment premium thereon, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 4 contracts

Samples: Intercreditor Agreement (SafeNet Holding Corp), Credit Agreement (IntraLinks Holdings, Inc.), Assignment and Assumption (IntraLinks Holdings, Inc.)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and and, except as provided in subsection 2.2C, all such payments shall be applied to the payment of interest before application to principal.

Appears in 4 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co), Credit Agreement (Jones Financial Companies LLLP)

Application of Payments to Principal and Interest. All ------------------------------------------------- payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 3 contracts

Samples: Credit Agreement (Varco International Inc), Credit Agreement (Sealy Corp), Credit Agreement (Varco International Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to the payment of principal.

Appears in 3 contracts

Samples: Credit Agreement (Fibernet Telecom Group Inc\), Credit Agreement (Switch & Data Facilities Company, Inc.), Credit Agreement (Switch & Data, Inc.)

Application of Payments to Principal and Interest. All ------------------------------------------------- payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to the payment of principal.

Appears in 2 contracts

Samples: Credit Agreement (Fibernet Telecom Group Inc\), Credit Agreement (Fibernet Telecom Group Inc\)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payment in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 2 contracts

Samples: Credit Agreement (Clark Refining & Marketing Inc), Credit Agreement (Clark Refining & Marketing Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on the Interest Payment Date with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 2 contracts

Samples: Credit Agreement (Newmarket Corp), Credit Agreement (Ethyl Corp)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Revolving Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement (Zilog Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan the Revolving Loans shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hospira Inc)

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Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan (other than payments made pursuant to subsection 2.4A(iii)(f)) shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and and, except as provided in Subsection 2.2C, all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies LLLP)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan or Note shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Term Loan Agreement (America West Holdings Corp)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and in any event any payments made in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement (Smartalk Teleservices Inc)

Application of Payments to Principal and Interest. All payments ------------------------------------------------- in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.. (iii)

Appears in 1 contract

Samples: Credit Agreement (Circus Circus Enterprises Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan Note shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Amended And (Ladish Co Inc)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal. -------- * Material omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.

Appears in 1 contract

Samples: Credit Agreement (Apollo Real Estate Investment Fund Ii L P)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any the Term Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to the payment of principal.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data, Inc.)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principalprincipal and in accordance with subsection 2.

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of premiums, if any, and accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

Appears in 1 contract

Samples: Term Loan Agreement (Oxford Health Plans Inc)

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