Allocation of Partial Prepayments Sample Clauses
The Allocation of Partial Prepayments clause defines how any payments made in advance, but less than the full amount owed, are distributed among outstanding obligations. Typically, this clause specifies whether partial prepayments are applied first to principal, interest, or other fees, and may set an order of priority for such allocations. By clearly outlining the method for handling partial prepayments, the clause ensures transparency and prevents disputes over how payments reduce the overall debt, thereby protecting both parties' interests.
Allocation of Partial Prepayments. In the case of each partial prepayment of the Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment.
Allocation of Partial Prepayments. In the case of any partial prepayment of the Notes of any Series pursuant to Section 8.2, the principal amount of the Notes of such Series to be prepaid shall be allocated among each tranche of the Notes of such Series at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts of each tranche of the Notes of such Series not theretofore called for prepayment.
Allocation of Partial Prepayments. 20 Section 8.4. Maturity; Surrender, Etc .................................................................... 20 Section 8.5.
Allocation of Partial Prepayments. 26 7.5. Maturity; Surrender, Etc.........................................26 7.6.
Allocation of Partial Prepayments. 4. Maturity; Surrender, etc. . . . . . . . . . . . . . 19 8.5.
Allocation of Partial Prepayments. In the case of each partial prepayment of the Bonds, the principal amount of the Bonds to be prepaid shall be allocated among all of the Bonds at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment.
Allocation of Partial Prepayments. In the case of each partial prepayment of the Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment. All partial prepayments pursuant to Section 8.8 shall be applied only to the Notes of the holders who have accepted the offer of prepayment and shall be allocated among all such Notes in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof and not theretofore called for prepayment.
Allocation of Partial Prepayments. In the case of each partial prepayment of the bonds of the Thirty-first Series, the principal amount of the Bonds of the Thirty-first Series to be prepaid shall be allocated by the Company among all of the Bonds of the Thirty-first Series at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment.
Allocation of Partial Prepayments. Maturity; Surrender, etc.
Allocation of Partial Prepayments. In the case of each partial prepayment of the Notes of any series pursuant to Section 8.2 or Section 8.3 hereof, the principal amount of the Notes of such series to be prepaid shall be allocated among all of the Notes of such series at the time outstanding in proportion, as nearly as reasonably practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment. All partial prepayments or purchases made pursuant to Section 8.6(b), Section 8.8 or Section 8.9 shall be applied only to the Notes of the holders who have elected to participate in such prepayment or purchase.