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Common use of Application to Interest and Principal Clause in Contracts

Application to Interest and Principal. Payment will be credited first to any interest owed to MSS and then to principal.

Appears in 2 contracts

Sources: On Call Professional Mechanical, Hvac, Fire Alarm Services Agreement, On Call Professional Mechanical, Hvac, Fire Alarm Services Agreement

Related Clauses

  • Interest and Principal
  • Payments of Interest and Principal
  • Repayment of Interest and Principal
  • Interest and Principal Payments
  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts

Parent Clauses

  • Payments
  • Services of Engineer
  • Invoices and Payments
  • Owner's Responsibilities
  • Time for Completion
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