Common use of Prepayments Permitted Clause in Contracts

Prepayments Permitted. The principal of the Note and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and shall be without premium or penalty. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment.

Appears in 2 contracts

Sources: Credit Agreement (Alpine Summit Energy Partners, Inc.), Credit Agreement (Alpine Summit Energy Partners, Inc.)

Prepayments Permitted. The principal of the Note and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and shall be without premium or penalty. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment.

Appears in 1 contract

Sources: Credit Agreement (Toreador Resources Corp)

Prepayments Permitted. The principal of the Note and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and and, except as otherwise specifically provided herein, shall be without premium or penalty. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment.

Appears in 1 contract

Sources: Credit Agreement (Starboard Resources, Inc.)

Prepayments Permitted. The principal of the Note Notes and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and and, except as otherwise specifically provided herein, shall be without premium or penalty. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment.

Appears in 1 contract

Sources: Credit Agreement (Gateway Energy Corp/Ne)