Example ContractsClausesprepaymentVariants
Prepayment
Prepayment contract clause examples

PREPAYMENT. [[Organization B:Organization]] may, at its option, at any time and from time to time, prepay all or any part of the principal balance of this Note before the Maturity Date, without any penalty; provided, that it shall provide [[Organization A:Organization]] with fifteen (15) days’ advanced written notice of its intent to prepay this Note. [[Organization A:Organization]] shall have the option to elect to convert this Note per the terms of this Note and the Loan Agreement at any time prior to [[Organization B:Organization]]’s prepayment. Any partial prepayments would be applied to accrued interest balance first, then fees and then principal.

Prepayment. [[Organization A:Organization]] shall have the option to prepay this Note at any time after the Original Issue Date at an amount equal to the Prepayment Amount.

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