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.
Prepayment. At any time prior to the date that an Event of Default occurs under this Note (the “Prepayment Period”), the Borrower shall have the right, exercisable on three (3) Trading Days prior written notice to the Holder of the Note, to prepay the outstanding Principal Amount and interest then due under this Note in accordance with this Section 1.9. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note at its registered addresses and shall state: # that the Borrower is exercising its right to prepay the Note, and # the date of prepayment which shall be three (3) Trading Days from the date of the Optional Prepayment Notice (the “Optional Prepayment Date”). The Holder shall have the right, at all times prior to the receipt of the full prepayment amount on the Optional Prepayment Date, to convert all or any portion of the Note pursuant to the terms of this Note, including the amount of this Note to be prepaid by the Borrower in accordance with this Section 1.9. On the Optional Prepayment Date, the Borrower shall make payment of the amounts designated below to or upon the order of the Holder as specified by the Holder in writing to the Borrower. If the Borrower exercises its right to prepay the Note in accordance with this Section 1.9, the Borrower shall make payment to the Holder of an amount in cash equal to the sum of: # 100% multiplied by the Principal Amount then outstanding plus # accrued and unpaid interest on the Principal Amount to the Optional Prepayment Date plus # $750.00 to reimburse Holder for administrative fees.
This Note may be prepaid in full at any time upon not less than ten (10) days prior written notice, subject to a “Yield Maintenance Premium” that may be substantial. Such premium represents consideration to Lender for loss of yield and reinvestment cost. The “Yield Maintenance Premium” shall be determined by Lender and shall be an amount equal to the greater of # one percent (1%) of the amount of the Principal Indebtedness being prepaid and # the difference between # the present value at the time of prepayment of the remaining scheduled monthly payments plus the present value at the time of prepayment of the final installment of principal and interest due on the Maturity Date, both discounted on a monthly
Prepayment. At any time prior to the Maturity Date and/or the Conversion Date (as defined herein), the Company may pre-pay this Note in full or in part without penalty without the requirement for consent of the Holder. Upon prepayment of this Note in full, the Holder shall have no further rights under this Note.
Prepayment. The Borrower shall have the right to prepay any amount hereunder, in whole or in part, only in accordance with the terms set forth in Article 3 of the Loan Agreement. All partial prepayments shall be applied in the manner set forth in [Sections 3.9 and 3.10]0] of the Loan Agreement. Any prepayments made by the Borrower shall not be available for reborrowing.
Prepayment. The Loan and any interest accrued hereunder may be repaid fully or partially, at any time, without premium, penalty, or notice. All prepayment amounts received by the Lender shall be applied first to interest, and then to any unpaid principal balance.
Prepayment. For purposes of this section, “Year 1” shall be defined as the period from the date hereof to the first anniversary hereof, “Year 2” shall mean the subsequent twelve (12) month period, “Year 3” shall mean the twelve (12) months period following Year 2, and so forth. If all or any portion of the Loan is prepaid for any reason (excluding applications of any casualty or condemnation proceeds), the Borrower shall pay to Lender a prepayment fee equal to:
Prepayment. Notwithstanding anything to the contrary contained in this Note, the Borrower may prepay the amounts outstanding hereunder pursuant to the following terms and conditions:
Conversion; Prepayment. Borrowers may convert SOFR Loans to Base Rate Loans or prepay SOFR Loans at any time; provided, that in the event that SOFR Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Agent of any payments or proceeds of Collateral in accordance with Section 2.4(b) or for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, each Borrower shall indemnify, defend, and hold Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance with Section 2.12(b)(ii).
Voluntary Prepayment. Co-Borrowers shall have the option to prepay all, but not less than all, of the Growth Capital Advances advanced by Bank under this Agreement, provided Co-Borrowers # deliver written notice to Bank of its election to prepay such Growth Capital Advances at least ten (10) Business Days prior to such prepayment, # pays, on the date of such prepayment # all outstanding principal, plus accrued and unpaid interest thereon, # the Final Payment, # the Prepayment Fee, and # all other sums, if any, that shall have become due and payable hereunder in connection with the Growth Capital Advances.
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