Common use of Payment Allocation Clause in Contracts

Payment Allocation. payment amounts under the MSFAA-Canada will be allocated proportionately to the Outstanding Loan Balance under the MSFAA-Canada. The payment amount allocated to the Outstanding Loan Balance under the MSFAA-Canada may be applied first to interest and then to principal;

Appears in 11 contracts

Sources: Master Student Financial Assistance Agreement, Master Student Financial Assistance Agreement, Msfaa Terms and Conditions

Payment Allocation. payment amounts under the MSFAA-Canada this MSFAA will be allocated proportionately to based on the Outstanding Loan Balance under outstanding principal balance of each of the MSFAA- Canada and the MSFAA-CanadaBC. The payment amount allocated to the Outstanding Loan Balance under each of the MSFAA-Canada and the MSFAA-BC may be applied first to NSF fees, then to interest and then to principal;

Appears in 2 contracts

Sources: Master Student Financial Assistance Agreement, Master Student Financial Assistance Agreement

Payment Allocation. payment amounts under the this MSFAA-Canada BC will be allocated proportionately to based on the Outstanding Loan Balance under outstanding principal balance of each of the MSFAA- Canada and the MSFAA-CanadaBC. The payment amount allocated to the Outstanding Loan Balance under each of the MSFAA-Canada and the MSFAA-BC may be applied first to NSF fees, then to interest and then to principal;.

Appears in 1 contract

Sources: Master Student Financial Assistance Agreement

Payment Allocation. payment Payment amounts under the MSFAA-Canada NB will be allocated proportionately to the Outstanding Loan Balance under each of the MSFAA-CanadaCanada and the MSFAA-NB. The payment amount allocated to the Outstanding Loan Balance under the MSFAA-Canada NB may be applied first to any interest and then to principal;

Appears in 1 contract

Sources: Master Student Financial Assistance Agreement

Payment Allocation. payment amounts under the this MSFAA-Canada BC will be allocated proportionately to based on the Outstanding Loan Balance under outstanding principal balance of each of the MSFAA- Canada and the MSFAA-CanadaBC. The payment amount allocated to the Outstanding Loan Balance under each of the MSFAA-Canada and the MSFAA-BC may be applied first to interest NSF fees, then to interest, if applicable, and then to principal;.

Appears in 1 contract

Sources: Master Student Financial Assistance Agreement

Payment Allocation. payment amounts under the this MSFAA-Canada BC will be allocated proportionately to based on the Outstanding Loan Balance under outstanding principal balance of each of the MSFAA- Canada and the MSFAA-CanadaBC. The payment amount allocated to the Outstanding Loan Balance under each of the MSFAA-Canada and the MSFAA-BC may be applied first to interest NSF fees, then to any interest, if applicable, and then to principal;.

Appears in 1 contract

Sources: Master Student Financial Assistance Agreement