Common use of Prepayment Option Clause in Contracts

Prepayment Option. To satisfy in full the Village’s obligations under this Obligation, the Village shall have the right to prepay all or a portion of the outstanding principal balance of this Obligation at any time, at par and without penalty.

Prepayment Option. To satisfy in full the Village’s obligations under this Obligation, the Village shall have the right to prepay all or a portion of the outstanding principal balance with all interest thereon of this Obligation at any time, at par and without penalty.

Prepayment Option. To satisfy in full the Village’s obligations under this Obligation, the Village shall have the right to prepay all or a portion of the outstanding principal balance of this Obligation at any time, at par and time without penalty.