Prepay Sample Clauses

The Prepay clause allows a party, typically a borrower, to pay off all or part of a debt before its scheduled due date. In practice, this clause outlines the conditions under which prepayment is permitted, such as whether advance notice is required or if any penalties or fees apply for early repayment. Its core function is to provide flexibility for the paying party to reduce interest costs or manage financial obligations more efficiently, while also protecting the lender from potential losses due to early repayment.
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Prepay. Discounted rates are available in packaged programs for Private, Instrument, Commercial, CFI and ATP. Ask for details at the flight school front desk, call or visit ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ .
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Prepay. REDUC 5.01(d)..............IND.P.ACT 8.04(b)..................▇▇▇.▇▇▇ 2.04(e)................
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Prepay the Borrower may upon giving at least thirty (30) days' prior ------ written notice to the Lender or upon payment to the Lender of thirty (30) days' interest in lieu of such notice prepay without any prepayment fee the Loan in full or in part in accordance with the provisions of this Clause, together with accrued interest thereon calculated up to the date of prepayment and any other sum due hereunder and under the Security Documents; and
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Prepay. If the full payment is made upon scheduling the project, a 3% total proposed discount can be taken from the proposal. The full payment minus the 3% must be paid upon scheduling. Payment must be in check. No CC cards for prepay discount. Any changes or repairs billed after will also receive the 3% discount as well.
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Prepay. Buyer reserves the right at any time to prepay in full the entire amounts that may over time become due under the Contingent Earnout formula (and thereby satisfy in full all then current and future obligations relating to such Contingent Earnout) by paying an amount equal to the result of the following calculation--($6,500,000 minus the aggregate amount of all prior Contingent Earnout payments) multiplied by .9.
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Prepay. If the borrower makes a payment prior to the set deadline, there must be: (mark one) - a prepaid penalty. If the borrower makes a payment before the time limit, then there must be a prepaid penalty: (mark one) â € quents payments as if the prepayment had not been received. Other: [other] from Shenarch gifts. If the borrower makes a payment before the time limit, the penalty should not be applied for early acquisition.
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Prepay 
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Related to Prepay

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Voluntary Prepayments of Loans (i) Revolving Loans may be borrowed, repaid and prepaid, and reborrowed, in each case without premium or penalty and otherwise on the terms and conditions set forth in this Agreement. (ii) The Borrower may, upon notice to the Administrative Agent pursuant to a Prepayment Notice, at any time or from time to time voluntarily prepay Term Loans in whole or in part; provided that (i) the Borrower shall pay each Lender its Applicable Percentage of the Early Termination Premium, if applicable, on the amount prepaid concurrently with such prepayment, (ii) such notice must be received by the Administrative Agent not later than 2:00 p.m. Eastern time three (3) Business Days prior to any such date of prepayment, (iii) any prepayment of Term Loans shall be in a principal amount of $500,000 or a whole multiple of $500,000 in excess thereof; or, if less, the entire principal amount thereof then outstanding, and (iv) any prepayment of Term Loans shall be made with a commensurate pro rata reduction of the Revolving Credit Commitment in accordance with Section 2.04. Each such notice shall specify the date and amount of such prepayment of the Term Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Term Loan shall be accompanied by the applicable Early Termination Premium, all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.04.

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).