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 Debt of any Loan shall include payment of accrued interest on the Principal Debt being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to Principal Debt.

Appears in 4 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.