Prepayment by the Borrower Sample Clauses
The 'Prepayment by the Borrower' clause allows the borrower to repay all or part of the outstanding loan amount before the scheduled due date. Typically, 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 practical function is to provide flexibility for the borrower to reduce debt ahead of schedule, while also protecting the lender from potential financial disadvantages caused by early repayment.
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Prepayment by the Borrower. The Borrower may, in its sole and absolute discretion, pay, without penalty, all or any portion of the outstanding balance along with any accrued but unpaid interest on this Note at any time prior to the Maturity Date.
Prepayment by the Borrower. The Borrower may, in the Borrower's sole and absolute discretion, pay, without penalty, all or any portion of the outstanding balance along with any accrued but unpaid interest on this Note at any time prior to the Buyer Note Maturity Date. Notwithstanding the foregoing, so long as no Equity Conditions Failure (as defined in the Lender Note) has ever occurred, regardless of whether or not such Equity Conditions Failure has been cured, the Borrower shall be required to pay the entire unpaid principal balance and all accrued and unpaid interest, if any, under this Note on the date that is thirteen (13) months after the date the Lender Note is issued. For purposes of determining an Equity Conditions Failure, the Equity Conditions Measuring Period (as defined in the Lender Note) will begin as of the date hereof and continue through the Buyer Note Maturity Date.
Prepayment by the Borrower. The Borrower may, in the Borrower’s sole and absolute discretion, pay, without penalty, all or any portion of the outstanding balance along with any accrued but unpaid interest on this Note at any time prior to the Buyer Deed of Trust Note Maturity Date. Notwithstanding the foregoing, so long as no Equity Conditions Failure (as defined in the Lender Note) has ever occurred, regardless of whether or not such Equity Conditions Failure has been cured, the Borrower shall be required to pay the entire unpaid principal balance and all accrued and unpaid interest, if any, under this Note on the date that is two (2) months after the date the Lender Note is issued. For purposes of determining an Equity Conditions Failure, the Equity Conditions Measuring Period (as defined in the Lender Note) will begin as of the date hereof and continue through the Buyer Deed of Trust Note Maturity Date.
Prepayment by the Borrower. Borrower shall not be entitled to pay any principal hereof prior to its maturity without the prior consent of Holder, which consent Holder may withhold in its absolute discretion.
Prepayment by the Borrower. The Borrower may prepay the Notes in whole or in part at any time after the Purchaser has exercised a purchase right under Section 3.2 of the Exchange Agreement; otherwise, the Notes may not be prepaid at the option of the Borrower.
Prepayment by the Borrower. Notwithstanding the provisions of Clause 6.1 (Repayment, No Prepayment and No Termination) above, the Borrower shall have the right to prepay the Subordinated Loan in full together with accrued interest (up to but excluding the date of such payment) thereon:
6.2.1 if the Central Bank does not provide the Borrower with the Permit within 60 days from the date of this Agreement; or
6.2.2 at any time after the issue of the Permit if as a result of any amendment to, clarification of or change in (including a change in interpretation of) applicable Ukrainian law or regulations, the Central Bank withdraws the Permit; and
6.2.3 subject to compliance by the Borrower with Central Bank requirements if and to the extent applicable at the time of prepayment, on or after 9 February 2011, provided that written notice thereof, together, in the case of a prepayment in accordance with Clause 6.2.1 or 6.2.2 only, with an Officers' Certificate confirming the existence of the relevant circumstances permitting such a prepayment, shall be given to the Lender with a copy to the Trustee not less than 30 days prior to the date of prepayment and provided further that, in the case of Clause 6.2.1 only, the Borrower shall only have the right to prepay the Subordinated Loan within 60 days following the earlier of (i) the expiry of the 60-day period specified in Clause 6.2.1 and (ii) the Central Bank informing the Borrower of its refusal to provide the Borrower with the Permit.
Prepayment by the Borrower. The Borrower may, with the Lender’s consent, pay, without penalty, all or any portion of the outstanding balance along with any accrued but unpaid interest on this Note at any time prior to the Secured Buyer Note Maturity Date.