Common use of Payment Prepayment Clause in Contracts

Payment Prepayment. (a) All payments under this Note shall be made in lawful money of the United States of America at such place as Holder may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to the principal amount. (b) The Company shall not be permitted to prepay this Note without the prior written consent of the Holder.

Appears in 2 contracts

Sources: Convertible Note Purchase Agreement (Sunshine Silver Mining & Refining Corp), Convertible Note Purchase Agreement (Sunshine Silver Mining & Refining Corp)