Common use of Application of Payments Clause in Contracts

Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 103 contracts

Samples: Line of Credit Agreement (Star Alliance International Corp.), AgEagle Aerial Systems Inc., Wearable Health Solutions, Inc.

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Application of Payments. Interest on this Note shall be calculated on the basis of a 360365 or 366-day year as the case may be and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 41 contracts

Samples: Global Technologies LTD, Global Technologies LTD, Global Technologies LTD

Application of Payments. Interest Interest, if any, on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 6 contracts

Samples: Reign Sapphire Corp, Gratitude Health, Inc., Reign Sapphire Corp

Application of Payments. Interest on this Note shall be calculated on the basis of a 360365-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Andalay Solar, Inc.), NightFood Holdings, Inc., NightFood Holdings, Inc.

Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts interest that is due hereunder other than principal and interest, payable on the date of such payment and thereafter to interest and finally to principal, except where expressly provided otherwise.

Appears in 4 contracts

Samples: Stronghold Digital Mining, Inc., Stronghold Digital Mining, Inc., Stronghold Digital Mining, Inc.

Application of Payments. Interest Interest, if any, on this Note Debenture shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note Debenture shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Western Magnesium Corp.), Securities Purchase Agreement (Western Magnesium Corp.), Securities Purchase Agreement (Western Magnesium Corp.)

Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 3 contracts

Samples: XpresSpa Group, Inc., XpresSpa Group, Inc., XpresSpa Group, Inc.

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Application of Payments. Interest on this Note Note, if any, shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 2 contracts

Samples: Alternus Energy Inc., Generex Biotechnology Corp

Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year year, compounded daily, and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 2 contracts

Samples: Andalay Solar, Inc., YayYo, Inc.

Application of Payments. Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts interest that is due hereunder other than principal and interest, payable on the date of such payment and thereafter to interest and finally to principal.

Appears in 1 contract

Samples: Stronghold Digital Mining, Inc.

Application of Payments. Interest on this Note shall be calculated on the basis of a 360365-day year and the actual number of days elapsed. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal and interest, thereafter to interest and finally to principal.

Appears in 1 contract

Samples: Viatar CTC Solutions Inc.

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