Application of Payments to Principal and Interest. Except as otherwise provided in Section 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 1 contract
Application of Payments to Principal and Interest. Except as otherwise provided in Section 2.2Cherein, all payments in respect of the principal amount of any the 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
Application of Payments to Principal and Interest. Except as otherwise provided in Section 2.2C, all 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.. D.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)
Application of Payments to Principal and Interest. Except as otherwise provided in Section 2.2C, all 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 unless the Agent elects to apply such amounts to principal.
Appears in 1 contract
Samples: Loan Agreement (Safety 1st Inc)
Application of Payments to Principal and Interest. Except as otherwise provided in Section 2.2C, all All payments in respect of the principal amount of any Loan shall include payment of accrued and unpaid interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest interest, fees and late charges (in such order as Lender may elect) before application to principal.
Appears in 1 contract
