Early Payments. The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable.
Early Payments. The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable. Documents Servicing System/Data Tape Procedures to be Performed
Early Payments. Borrower has the right to make payments at any time before they are due. These early payments will mean that this Note will be paid in less time.
Early Payments. (a) Borrower may, upon notice to the Agent specifying that it is paying its Revolving Credit Loans which are Base Rate Loans, pay without penalty or premium such Base Rate Loans in whole at any time, or from time to time in part in amounts aggregating $1,000,000.00, or any larger multiple of $100,000.00; provided, however, that in no event may Borrower make a partial payment of Base Rate Loans which results in the total outstanding Revolving Credit Loans which are Base Rate Loans being greater than zero but less than $1,000,000.00. Each such optional payment shall be applied to pay the Base Rate Loans of the several Banks in proportion to their respective Revolving Credit Commitments.
Early Payments. I have the right to make payments at any time before they are due. These early payments will mean that this Note will be paid in less time. However, unless I pay this Note in full, my monthly payments will remain the same.
Early Payments. 36 6.5 General Provisions as to Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 6.6
Early Payments. (a) Borrower may, upon notice to the Agent specifying that it is paying its Floating Rate Loans, pay without penalty or premium its Floating Rate Loans in whole at any time, or from time to time in part in amounts aggregating $100,000.00 or any larger multiple of $25,000.00, by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, however, that in no event may Borrower make a partial payment of Floating Rate Loans which results in the total outstanding Floating Rate Loans being greater than zero but less than $100,000.00. Each such optional payment shall be applied to pay the Floating Rate Loans of the several Banks in proportion to their respective Pro Rata Shares.
Early Payments. (a) Borrower may, upon notice to the Agent specifying that it is paying its Prime Loans, pay without penalty or premium its Prime Loans in whole at any time, or from time to time in part in amounts aggregating $200,000.00 or any larger multiple of $50,000.00, by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, however, that in no event may Borrower make a partial payment of Prime Loans which results in the total outstanding Prime Loans being greater than zero but less than $200,000.00. Each such optional payment shall be applied to pay the Prime Loans of the several Banks in proportion to their respective Pro Rata Shares.
Early Payments. Any Early Termination Payment, payment under Section 7.2(b) and Termination for Convenience Payment (collectively, “Early Payments”) shall be presumed to be equal to the liquidated damages sustained by the SDCL Parties as the result of the occurrence of the applicable termination event and the Asset Manager agrees that it is reasonable under the circumstances currently existing. The Asset Manager acknowledges that the Early Payments represent a reasonable and fair estimate for the loss that the SDCL Parties may sustain from the early termination of the applicable Project Contract(s), and further acknowledges that except as specifically provided herein the Asset Manager does not have any right to terminate this Article in whole or in part without paying the applicable Early Payments. THE ASSET MANAGER EXPRESSLY WAIVES THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF ANY EARLY PAYMENT IN CONNECTION WITH ANY SUCH TERMINATION OF THIS ARTICLE, THIS AGREEMENT OR ANY PROJECT CONTRACT. The Asset Manager expressly agrees that (i) each Early Payment is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel, (ii) the Early Payments shall be payable notwithstanding the then prevailing market rates at the time payment is made, (iii) there has been a course of conduct between the Tecogen Parties and the SDCL Parties giving specific consideration in this transaction for such agreement to pay each Early Payment, (iv) the Tecogen Parties shall be estopped hereafter from claiming differently than as agreed to in this Section 7.3, (v) the Asset Manager’s agreement to pay Early Payments is a material inducement to the SDCL Parties to consummate the transactions contemplated by the Membership Interest Purchase Agreement and Transaction Documents, and (vi) the Early Payments represent a good faith, reasonable estimate and calculation of the lost profits or damages of the SDCL Parties and that it would be impractical and extremely difficult to ascertain the actual amount of damages to the SDCL Parties or profits lost by the SDCL Parties as a result of such termination of this Article, this Agreement or any Project Contract. Any and all Early Payments shall be fully earned and non-refundable when made.
Early Payments. 37 5.5 General Provisions as to Payments.............................. 38 5.6
