Common use of Manner of Application Clause in Contracts

Manner of Application. Payments made pursuant to this Note shall be applied first to the payment of accrued and unpaid interest and then to the payment of unpaid principal amounts of the then-outstanding Advances.

Appears in 3 contracts

Sources: Intercompany Note (Iac/Interactivecorp), Intercompany Note (ANGI Homeservices Inc.), Merger Agreement (Iac/Interactivecorp)