Prepayment Rights. Maker acknowledges that it possesses no right to prepay the Loan, except as expressly provided herein. Maker further acknowledges and agrees that, except as expressly provided herein, if the Loan is prepaid prior to the scheduled Maturity Date, for any reason, including, but not limited to, acceleration of the Maturity Date by reason of an Event of Default, any subsequent tender of payment of the Loan made by Maker or by anyone on behalf of Maker or otherwise, including any tender of payment at any time prior to or at foreclosure sale or proceedings or during any redemption period following foreclosure, or during any federal or state bankruptcy or insolvency proceedings, shall constitute an evasion of the restrictions on prepayment set forth herein, and shall be deemed a voluntary prepayment prior to the scheduled Maturity Date requiring payment of the prepayment premium provided for, if any, and Holder shall not be required to accept such prepayment if it does not include payment of the prepayment premium provided for, if any. Further, Holder’s acceptance of such prepayment without the requisite prepayment premium shall not constitute or be deemed to constitute a waiver by Holder of its right to seek payment of the required prepayment premium in accordance with the terms hereof or any rights and remedies Holder may have under this Note, the other Loan Documents, at law or in equity on account of Maker’s failure to timely pay such prepayment premium as and when required hereunder. To the extent permitted by law, Holder may bid at any foreclosure sale, as part of the indebtedness evidenced by the Loan Documents, the amount of the prepayment premium, if any, which is payable hereunder calculated as if prepayment of the Loan occurs on the date of such foreclosure sale. To the extent the amount of the indebtedness evidenced by this Note must be determined as of a date certain pursuant to a judicial foreclosure, the Loan will be deemed prepaid as of the date judgment enters and the prepayment premium due and payable hereunder (if any) will be calculated as if prepayment of the Loan occurred on the date of said judgment.
Prepayment Rights. The Board of Directors may, in its sole discretion, cause the prepayment to Employee of any number of shares of Bank Stock to be applied toward future Annual Stock Awards to which Employee may become entitled. All shares of Bank Stock that are prepaid to Employee shall be subject to the same restrictions imposed on the shares distributed with respect to the Annual Stock Awards.
Prepayment Rights. The Authority shall be entitled to prepay its Loan Payments with respect to a particular Schedule, in whole but not in part, on any date on which a Loan Payment is due from and after the Loan Payment date on or next following the date when one half of the Agreement term has passed, upon written notice delivered at least thirty (30) days in advance of any date on which a Loan Payment is due, and upon the payment on such date of the Loan Payment due and the applicable Prepayment Price, which prepayment price will be without premium if paid from prepayments made by the County pursuant to Section 7.02 of the Sublease and at all other times will be at the Prepayment Price set forth in the Schedule.
Prepayment Rights. Any Party initially paying on a quarterly basis may unilaterally elect to pay the balance of its allocated cost, including allocated interest accrued to the date of payment, on any date on which the City (or the Initiator) has the right under the terms of its debt issue to prepay all or a portion of the debt issue. A Party may pay the balance of its allocated cost, including allocated interest accrued to the date of payment, at any other time only with the express consent of the City or the Initiator. Any Party that initially pays its allocated cost on a quarterly basis and later elects to pay the balance in full in accordance with this section is obligated to pay only that allocable portion of the project debt interest that has accrued to the date of full payment. Any interest attributable to periods beyond the full payment date that has been prepaid as part of the Party's quarterly payments must be credited against the balance due from the Party.
Prepayment Rights. For a Project Loan made by a Sony/Block Related Party, the Partnership shall have the right to prepay all or any portion of the principal of such Project Loan at any time without payment of any premium or penalty. For any other Project Loan, Sony/Block shall attempt, but shall not be obligated, to obtain an agreement from the lender permitting the Partnership to have the right to prepay all or any portion of the principal balance of such Project Loan at any time without payment of any premium or penalty.
Prepayment Rights. Upon ten (10) days' prior written notice to the holder of the Note, the Company shall have the right to prepay in whole or in part, without penalty or premium, the unpaid principal amount of and accrued interest on the Note. Such notice shall specify the proposed date and amount of payment. Notwithstanding notice of prepayment, with respect to the Note, Purchaser will continue to have the right to convert all or any portion of such Note, and any accrued but unpaid interest thereon, into Conversion Shares during such ten (10) day period, as more particularly set forth in the Note.
Prepayment Rights. 7 2.06. Right of First and Last Refusal.................................................... 8 2.07. Interest Rate Cap/Hedge............................................................ 8 ARTICLE 3 CASH MANAGEMENT 3.01. Lockbox............................................................................ 9
Prepayment Rights. A. Notwithstanding the provisions of Section 9.3 of Schedule 9 relating to the payment of the quarterly Brands Manufacturing Price Adjustment, Mxxxxx and Boston shall have the right to make prepayments of all or any part of the quarterly Brands Manufacturing Price Adjustment estimated to be due the other party. Such prepayments, if any, may be made in such amounts and at such times as Boston or Mxxxxx in its respective sole discretion shall determine, provided that no such prepayment may be in an amount less than [ * ]. All such prepayments shall be made by Wire Transfer upon not less than one business day notice to the payee, and each such prepayment shall be designated as being a prepayment of estimated liability for the quarterly Brands Manufacturing Price Adjustment.
Prepayment Rights. The above provisions notwithstanding, AMG will ----------------- have the right at any time to prepay all or a portion of the Note without penalty or additional interest; provided, however, that such right of prepayment ----------------- shall be suspended during the time period set forth in Section 1 above for the annual conversion election, valuation and election periods set forth in Section 2 above, and the time period provided pursuant to Section 3.3 below.
Prepayment Rights. 9 2.06. Right of First and Last Refusal................................ 10 2.07. Interest Rate Cap/Hedge........................................ 11
