Common use of PRE-PAYMENT Clause in Contracts

PRE-PAYMENT. This Note may be pre-paid in whole or in part prior to the Maturity Date; provided Maker provides Holder with 30 days prior written notice thereof. In the event of prepayment, Maker shall pay a penalty in the amount of 1% of the principal and accrued interest then outstanding under this Note, unless a greater or lesser penalty is established or approved by the U.S. Small Business Administration (“SBA”).

Appears in 6 contracts

Samples: Consent and Agreement (Northwest Biotherapeutics Inc), Consent and Agreement (Northwest Biotherapeutics Inc), Consent and Agreement (Northwest Biotherapeutics Inc)

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