Application of Payments to Principal and Interest. All payments in respect of the principal amount of 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
Sources: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)
Application of Payments to Principal and Interest. All payments in respect of the principal amount of the Loans 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 unpaid interest interest, fees and late charges (in such order as Lender may elect) before application to principal. D..
Appears in 1 contract
Application of Payments to Principal and Interest. All Except as otherwise provided herein, all payments in respect of the principal amount of the Loans 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 unpaid interest before application to principal. D..
Appears in 1 contract
Sources: Merger Agreement (Usa Broadband Inc)