PREPAYMENT ALLOWED Clause Samples
The "Prepayment Allowed" clause permits a borrower to pay off all or part of a loan before its scheduled due date without incurring penalties. In practice, this means the borrower can make additional payments or settle the outstanding balance ahead of time, potentially reducing the total interest paid over the life of the loan. This clause provides flexibility for borrowers and encourages early repayment, ultimately benefiting those who wish to minimize their debt obligations or take advantage of improved financial circumstances.
POPULAR SAMPLE Copied 1 times
PREPAYMENT ALLOWED. This Note may be prepaid In whole or In part at any time. Any prepayment shall Include accrued interest and ail other sums then due under any of the Loan Documents. No partial prepayment shall affect the obligation of Borrower to make any payment of principal or Interest due under this Note on the date specified above In the Repayment Terms paragraph of this Note until this Note has been paid in full. ACCURATE FINANCIAL INFORMATION. Borrower represents and covenants to Bank that on and after the date of this Note: (i) all financial statements of Borrower furnished to Bank are correct and accurately reflect the financial conditions of Borrower as of the respective dates thereof; and (ii) at such times as Bank requests, Borrower will furnish Bank with such financial information as Bank may request.
PREPAYMENT ALLOWED. This Note may be prepaid in whole or in part at any time. Any prepayment shall include accrued interest and all other sums then due under any of the Loan Documents (as defined below). No partial prepayment shall affect Borrower’s obligation to make any payment of principal or interest due under this Note on the date specified below in the Repayment Terms paragraph of this Note until this Note has been paid in full.
PREPAYMENT ALLOWED. Borrower may prepay the whole or any part of the Loan from time to time before the Maturity Date without penalty or premium, provided that each prepayment that Borrower makes shall permanently reduce the Commitment by the amount of such prepayment. Borrower shall use its best efforts to obtain a loan from a commercial bank and shall use the proceeds received from such loan to prepay the outstanding principal amount of the Loan, plus any accrued but unpaid interests, after June 30, 2015.
PREPAYMENT ALLOWED. (State) may, in its discretion, pay in any fiscal year amounts otherwise due under this Agreement for subsequent fiscal years.
PREPAYMENT ALLOWED. This Note may be prepaid in whole or in part at any time without penalty or premium and without notice of such prepayment, provided that any partial payment shall be applied first against any interest which has accrued to the date of the partial payment, and then to the outstanding Principal Sum, if any amount of Principal Sum remains.
PREPAYMENT ALLOWED. 6.2.2.1. Second (2nd) Through Fifth (5th)
PREPAYMENT ALLOWED. Upon ten (10) days prior written notice to Landlord Tenant reserves the right to prepay, prior to the Maturity Date, all or any part of the Obligation. Any prepayments shall be applied first to accrued interest and then to principal. Tenant will provide written notice to Landlord of any such prepayment of all or any part of the principal at the time thereof. All payments and prepayments of principal or interest on the Obligation shall be made in lawful money of the United States of America in immediately available funds, at the address of Landlord indicated above, or such other place as Landlord designates in writing to Tenant. All partial prepayments of the Obligation shall be applied to the last installments payable in their inverse order of maturity.
PREPAYMENT ALLOWED. This Note may be prepaid in whole or in part at any time, without penalty or premium.
PREPAYMENT ALLOWED. This Note may be prepaid in whole or in part at any time, without prepayment fee or penalty, provided Borrowers pay any additional amount deemed necessary by Bank to compensate the Bank for any losses, costs or expenses which the Bank incurs or will incur as a result of such prepayment, if during any Interest Period. Any prepayment shall include accrued interest and all other sums then due under any of the Loan Documents. No partial prepayment shall affect the obligation of Borrowers to make any payment of principal or interest due under this Note on the date specified below in the Repayment Terms paragraph of this Note until this Note has been paid in full.