Common use of Notice, Application Clause in Contracts

Notice, Application. The notice given of any prepayment shall specify the date and amount of the prepayment. If the notice of prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date on the amount prepaid. Partial prepayments of the Loans shall be applied to the installments of principal thereof as determined by the Company in its sole discretion.

Appears in 3 contracts

Sources: Loan Agreement (Marrone Bio Innovations Inc), Loan Agreement (Marrone Bio Innovations Inc), Loan Agreement (Marrone Bio Innovations Inc)

Notice, Application. The notice given of any prepayment shall specify the date and amount of the prepayment. If the notice of prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date date. Each prepayment by or on the amount prepaid. Partial prepayments behalf of the Loans shall Company hereunder shall, unless a specific determination is made by the Lender with respect thereto, be applied (i) first, to accrued and unpaid interest due the installments of Lender, and (ii) second, to principal thereof as determined by due the Company in its sole discretionLender.

Appears in 3 contracts

Sources: Credit Agreement (Amerigon Inc), Credit Agreement (Amerigon Inc), Credit Agreement (Amerigon Inc)

Notice, Application. The notice given of any prepayment shall specify the date and amount of the prepayment. If the notice of prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date on the amount prepaid. Partial prepayments of the Loans shall be applied to the installments of principal thereof as determined by the Company in its sole discretion.

Appears in 2 contracts

Sources: Credit Agreement (Amerigon Inc), Credit Agreement (Amerigon Inc)

Notice, Application. The notice given of any prepayment shall specify the date and amount of the prepayment. If the notice of prepayment is given, the Company Borrowers shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date on the amount prepaid. Partial prepayments of the Loans shall be applied to the installments of principal thereof as determined by the Company in its sole discretion.

Appears in 1 contract

Sources: Loan Agreement (TriVascular Technologies, Inc.)

Notice, Application. The notice given of any prepayment shall ------------------- specify the date and amount of the prepayment. If the notice of prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued interest to such date on the amount prepaid. Partial prepayments of the Loans shall be applied to the installments of principal thereof as determined by the Company in its sole discretion.

Appears in 1 contract

Sources: Credit Agreement (Argyros George L)