Premature Repayment Sample Clauses

Premature Repayment. 27. The BANK has the right to unilaterally suspend the utilization of amounts under the loan, to unilaterally terminate the agreement with regard to issuing further bank guarantees within the agreed limit, and/or to demand premature repayment of its receivables under the Loan Agreement and to demand immediate payment of due principal, interest and all other due and outstanding obligations under the loan, as well as obtain a court order against the BORROWER/BENEFICIENT/ CO- DEBTOR/ GUARANTOR, if: • the BORROWER / BENEFICIENT/ CO-DEBTOR / GUARANTOR should fail to perform their obligation to pay a monthly instalment or any other obligation, and/or breach any of the conditions under the Loan Agreement/Bank Guarantee Agreement/Agreement for a Documentary Letter of Credit, these General Terms and Conditions and any other agreement relating to the main agreement, as well as failure of any regulatory provision referring and applicable to the agreement; • certain circumstances occur, which disable or prevent to a considerable extent the performance of the BORROWER / BENEFICIENT's obligations to pay; • the BORROWER/BENEFICIENTbecomes insolvent, and/or enforcement proceedings are initiated against them and their property by third parties; • cases arise which are governed by the conditions of article 432 of the Commercial Law; • the BORROWER / BENEFICENT / CO-DEBTOR or their related parties file a claim against the BANK; • the BORROWER / BENEFICIENT/ CO-DEBTOR should fail to provide documentation or information according to point 23 of the current General Terms and Conditions.

Premature Repayment. (i) Any prepayment of the Loan shall be subject to payment of prepayment premium at the rate of 2 % (two percent) per annum of the pre-paid principal amount. Provided that no prepayment premium shall be payable by the Borrower, if the prepayment is at instance of the Lender or if the Borrower opts to prepay the entire outstanding of the Loan and other monies within 90 (ninety) days from the date of advise of the increase in the Spread on interest rest dates and after serving due notice upon the Lender. (ii) Any notice of prepayment under this Agreement shall be given to the Lender or to and shall be irrevocable. (iii) No amount prepaid under this Agreement may subsequently be re-borrowed under the Loan. (iv) All prepayments under this Agreement shall be made together with accrued interest on the amount prepaid and any other amounts payable under this Agreement.

Premature Repayment. 1. For export fund loan deferred payment finance (includes technology fund loan, technology finance and foreign investment related loans), to repay the loan before the expiry date, the details must be discussed with the bank 30 days before the planned repayment date. 2. In the event of loan repayment in Article 1 before its expiry, and there is a pre-existing clause on premature repayment amount, the service charge shall be made according to the standards set in the clause.

Premature Repayment. The Borrower shall not prepay the outstanding principal amounts of the Loan in full or in part, before the due dates and except after obtaining the prior written approval of the IREDA which may be granted subject to such conditions as the IREDA may deem fit including payment of premia for such prepayment.

Premature Repayment. The Customer shall have the right at any time to repay all or part of the Credit principal in use prematurely, at no additional cost. If the Customer repays the entire Credit principal in use prematurely, the Customer must notify the Creditor of the repayment date of the entire Credit, and the Creditor shall calculate the interest under the agreement by that date and notify the Customer of the interest. The Creditor will also real costs related to contract, these fees are Customer identification fee and customer credit check fee and which are in total of 6,87 euros.

Premature Repayment. The Company shall have no right to redeem the outstanding Debentures in full or in part before the end of 3 years from the date of allotment of Debentures. In case the Debenture Holders agree to accept premature repayment which shall, however, be entirely at the sole discretion of the Debenture Holders, the acceptance shall be subject to such terms and conditions including payment of premium, if any, as may be stipulated by the Debenture Holders in this behalf. In case the Company intends to redeem the Debentures after 3 years from the date of allotment of Debentures, prior notice of 3 months to the Corporation shall be given subject to such terms and conditions including payment of premium, if any, as may be stipulated by the Debenture Holders in this behalf.

Premature Repayment. Prepay any loan availed of by it from any other party. If for any reason, the Borrower is required to prepay any loan, it shall make proportionate prepayment to IREDA as well as subject to such conditions as may be stipulated by IREDA ;

Premature Repayment. Should any event defined as a Default occur, the Bank may, by serving a notice on the Client: a) terminate all its obligations towards the Client under the Agreement; and/or b) require immediate repaymen of all or certain of the Client’s debts owed to the Bank under the Agreement or a Financial Document, and/or require that such debts be repaid (in part or in entirety) upon the Bank’s request; and/or c) declare that a cash coverage shall be immediately payable by the Client to the Bank in the same amount and same currency as the total maximum amount (determined by the Bank) under any letter of credit and/or bank guarantee issued by the Bank under the Agreement (except in a case of Unlawful Situation, referred to in Article 2.8 above, where such cash coverage shall become payable upon expiration of a 3 -day period following the del very of the Bank’s notice t the Client).

Premature Repayment. Any prepayment of the Loan shall be subject to payment of prepayment premium at the rate of 2 % per annum of the pre-paid principal amount. Provided that no prepayment would be payable by the Borrower, if the prepayment is at instance of the Lender or if the Borrower opts to prepay the Loan within 90 (ninety) days from the date of advise of the increase in the interest spread on interest rest dates.