Common use of Application of Payment Clause in Contracts

Application of Payment. All payments received by MediCard from the MEMBER shall be applied to the SOAs, in the order of respective due dates, starting from the earliest. Payment will be applied to the interest or penalty first before applying it to the principal amount.

Appears in 13 contracts

Sources: Healthcare Agreement, Healthcare Agreement, Healthcare Agreement

Application of Payment. All payments received by MediCard from the COMPANY or MEMBER shall be applied to the SOAs, in the order of respective due dates, starting from the earliest. Payment will be applied to the interest or penalty first before applying it to the principal amount.

Appears in 5 contracts

Sources: Service Agreement, Service Agreement, Service Agreement

Application of Payment. All payments received by MediCard from the MEMBER CLIENT shall be applied to the SOAs, in the order of respective due dates, starting from the earliest. Payment will be applied to the interest or penalty first before applying it to the principal amount.

Appears in 3 contracts

Sources: Service Agreement, Service Agreement, Service Agreement