Common use of Prepayment Clause in Contracts

Prepayment. Except as otherwise provided in Section 8, the Company may prepay all or any part of the principal of this Note at any time or from time to time without premium, or penalty of any kind whatsoever. In the event that the Company prepays less than the entire outstanding principal amount of the Note, the Company shall deliver to the holder hereof upon such prepayment a replacement Note representing the remaining outstanding principal thereof.

Appears in 252 contracts

Samples: Purchase and Sale Agreement (Otis Gallery LLC), Purchase and Sale Agreement (Otis Gallery LLC), Purchase and Sale Agreement (Otis Gallery LLC)

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Prepayment. Except as otherwise provided in Section 8, the Company may prepay all or any part of the principal of and accrued interest on this Note at any time or from time to time without premium, or penalty of any kind whatsoever. In the event that the Company prepays less than the entire outstanding principal amount of the Note, the Company shall deliver to the holder hereof upon such prepayment a replacement Note representing the remaining outstanding principal thereof.

Appears in 10 contracts

Samples: RSE Collection, LLC, RSE Collection, LLC, RSE Collection, LLC

Prepayment. Except as otherwise provided in Section 8, the Company may prepay all or any part of the principal of this Note at any time or from time to time without premium, or penalty of any kind whatsoever. In the event that the Company prepays less than the entire outstanding principal amount of the Note, the Company shall deliver to the holder hereof upon such prepayment a replacement Note representing the remaining outstanding principal thereof.

Appears in 8 contracts

Samples: Compound Projects, LLC, Compound Projects, LLC, Arrived Homes, LLC

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Prepayment. Except as otherwise provided in Section 8, the Company may prepay all or any part of the principal of this Note at any time or from time to time without premium, or penalty of any kind whatsoever. In the event that the Company prepays less than the entire outstanding principal amount of the Note, the Company shall deliver to the holder hereof upon such prepayment a replacement Note representing the remaining outstanding principal thereof.

Appears in 6 contracts

Samples: Mission Property Holdings LLC, Mission Property Holdings LLC, Mission Property Holdings LLC

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