Prepayment Provisions Clause Samples

Prepayment Provisions. (a) The following definitions apply:

Prepayment Provisions. (a) Except as otherwise expressly set forth herein, including pursuant to Section 12.4 and Section 12.5, the Note may not be prepaid in full or in part before November 1, 2020. Commencing on November 1, 2020, Borrower may prepay the Note in full, but not in part, on the first day of any calendar month (or on any other date, provided that Interest is paid through the next payment date, upon not less than 30 days’ prior notice to Lender and upon payment in full of the Debt which will include a payment (the “Prepayment Premium”) equal to the greater of (i) an amount equal to the product of 1% (the “Prepayment Percentage”) times the Prepayment Date Principal and (ii) the amount by which the sum of the Discounted Values of the Note Payments, derived by using the Discount Rate, exceeds the Prepayment Date Principal. In order to calculate (ii) in the foregoing, each remaining Note Payment will be discounted and the resulting Discounted Values will be added together. Commencing on May 1, 2026, the Note may be prepaid in full without payment of the Prepayment Premium. Except as otherwise expressly set forth herein, no Individual Note may be prepaid without simultaneous prepayment in full of all other Individual Notes. Notwithstanding the foregoing, if Lender elects to apply Insurance Proceeds or Condemnation Awards resulting from any Casualty or Condemnation, as the case may be, or a Termination Fee (to the extent not retained by Borrower in accordance with the provisions of this Agreement) to the Principal, the prepayment resulting from such application, whether in full or in part, may be applied against the Allocated Loan Amounts as Lender may reasonably determine and shall be without payment of the Prepayment Premium. (b) Any prepayment not permitted by the this Loan Agreement and the other Loan Documents, including, without limitation, any tender of payment of the amount necessary to satisfy the Debt accelerated, any judgment of foreclosure, any statement of amount due at the time of foreclosure (including foreclosure by power of sale) and any tender of payment made during any redemption period after foreclosure, will include, to the extent permitted by law, a payment (the “Evasion of Prepayment Premium”) equal to the greater of (i) an amount equal to the product of the Prepayment Percentage plus 200 basis points times the Prepayment Date Principal, and (ii) the amount by which the sum of the Discounted Values of the Note Payments, derived by using the Default ...

Prepayment Provisions. This Note may be prepaid in whole or in part at any time prior to the Maturity Date, without penalty, so long as all accrued interest is paid in shares of common stock AEC as determined in Section 3 above with the date of payment (as such term is defined in Section 7 hereof) being substituted for the Maturity Date in making the calculation of the number of shares to be delivered to the Holder by the Company.

Prepayment Provisions. This Note is subject to prepayment conditions as described in the attached Prepayment Rider of even date which is incorporated herein by reference.

Prepayment Provisions. This Note may be prepaid in whole or in part at any time prior to the Maturity Date, without penalty. Any payment shall be applied as provided in Section 3. The Company further agrees that in the event that the Company does a subsequent debt or equity financing for United States Five Million and 00/100 Dollars (USD $5,000,000.00) or greater before the Maturity Date, the Company will repay the Note plus accrued interest from the proceeds of that financing.

Prepayment Provisions. This Note may be prepaid, in whole or in part, at any time and without

Prepayment Provisions. Paragraph 6 of the Note is hereby amended and restated in its entirety to read as follows: "a. Except as specifically provided herein, Maker shall not be permitted to prepay the Loan; provided, however, Maker may prepay the Loan, in full, at any time after the Second Amendment Effective Date, provided that no default or event of default shall have occurred and be continuing under the Note or any other Loan Document, upon ninety (90) days prior written notice to Holder, which notice shall specify the date of any prepayment, and payment to Holder of the entire outstanding balance of the Loan plus a prepayment premium equal to the amount obtained by subtracting the amount of the principal balance of the Loan to be prepaid on the date of such tender of payment from the amount obtained by calculating the present value of the remaining principal and interest payments scheduled to have been made in accordance with the terms of the Note, using a discount rate (compounded quarterly) which is equal to 100 basis points plus the percent per annum of the Treasury Constant Maturities having a maturity date closest in time to November 30, 2006 ("Treasury Yield") as such interest rate is reported in The Federal Reserve Statistical Release G13(415) or its successor publication most recently released prior to the date of tender of payment. The prepayment premium shall in no event be less than zero. No partial prepayments shall be allowed except as provided in Paragraph 6(b) hereof.

Prepayment Provisions. The Borrower may at any time and from time to time prepay all or any part of the principal amount of this Note without premium at a price equal to the principal amount so prepaid, together with all unpaid interest in respect thereof accrued to the prepayment date.

Prepayment Provisions. The Loan may be prepaid in whole or in part at any time without penalty. Prepayment of Loan does not release Borrower from conditions and limitations placed on the Property under the ▇▇▇▇ or this Contract.