No Prepayment Penalty Sample Clauses
The No Prepayment Penalty clause allows a borrower to repay all or part of a loan before its scheduled due date without incurring additional fees or penalties. In practice, this means that if a borrower comes into extra funds or wishes to reduce their interest costs, they can pay off their loan early without financial consequence. This clause is particularly beneficial for borrowers seeking flexibility and cost savings, as it removes the deterrent of extra charges for early repayment and encourages responsible financial management.
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No Prepayment Penalty. The Borrower shall have the right to prepay this Promissory Note, in whole or in part, at any time without penalty.
No Prepayment Penalty. The Borrower may prepay all or any part of the balance outstanding hereunder at any time without penalty.
No Prepayment Penalty. At any time after Holder reinstates the --------------------- Secured Obligation, Holder or any person who later buys the Real Estate from Holder may prepay all or any portion of the unpaid balance of the Secured Obligation without the imposition of a prepayment penalty.
No Prepayment Penalty. If the Lender will not require a penalty to be paid in the event that the Borrower submit payment before its formal due date (see Section IV), then select the “No Prepayment Penalty.” VII. Security Select And Complete Item 22 Or Select Item 25 (22)
No Prepayment Penalty. If the Borrower makes a payment prior to the Due Date, then there shall be no prepayment penalty of any kind.
No Prepayment Penalty. HPTE shall have the right to prepay any amounts accrued under this Agreement in full or in part at any time without the imposition of any prepayment fee or penalty.
No Prepayment Penalty. The Company may prepay all or any part of the balance outstanding hereunder at any time without penalty.
No Prepayment Penalty. The Buyer may pay the total amount of the mortgage at any time free of penalties or fees.
No Prepayment Penalty. DSH may prepay the principal amount outstanding, in full or in part, at any time without any prepayment penalty. In that event, DSH may, at its sole and exclusive discretion, reduce the amount of any remaining Monthly Payments pro rata.
No Prepayment Penalty. Borrower shall be entitled to prepay all or any part of the loan at any time without penalty therefor. Each prepayment shall be applied to installments of principal due hereunder in the inverse order of maturity.