Prepayment of Loan. So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.
Prepayment of Loan. At any time during the Term, you may prepay all or any portion of the Loan Amount without penalty.
Prepayment of Loan. Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI
Prepayment of Loan. The borrower can at time prepay the loan and there is no penalty for the same. Prepayment can be done in partial or full. However, the terms for partial fulfillment can be seen on the website and those terms are to be abided. Pre-payment cheques shall be deposited only along with the EMI cheque whether that is due in current month or ensuing month and interest shall be calculated per calendar month.
Prepayment of Loan. The borrower can at time repay the loan subject to the below conditions and there is no penalty for the same.
Prepayment of Loan. Borrower has the right to pay back the whole exceptional amount at any time. If Borrower pays before time, or if this loan is refinanced or replaced by a new note, Lender will refund the unearned finance charge, figured by the Rule of 78-a commonly used formula for figuring rebates on installment loans.
Prepayment of Loan. (a) Borrower shall have the right at any time and from time to time to prepay the Loan in whole or in part without premium or penalty (other than as provided in Section 3.08 below), subject to prior notice in accordance with paragraph (b) of this Section.
Prepayment of Loan. The Borrower may prepay this Loan in part or in full at any time. Such prepayment shall be without premium or penalty; provided, however, that the foregoing shall in no way limit accruing interest charges for an Event of Default, advances, expenses or late fees. If the Borrower elects to prepay the full indebtedness of this Loan in accordance with the terms of the Note, the County will release the covenants and the restrictions set forth herein.
Prepayment of Loan. The Borrowers shall ensure that at all times the aggregate outstanding amount of the Loan is not greater than the then applicable Total Commitments and, without prejudice to the generality of the foregoing, the Borrowers shall, if necessary, immediately prepay some or all of the outstanding amount of the Loan so that the aggregate outstanding amount of the Loan does not (taking into account the scheduled reduction of the Total Commitments under this Clause 8) exceed the Total Commitments as reducing from time to time thereafter pursuant to Clause 8.1. For the avoidance of doubt, any amounts repaid or prepaid pursuant to this Clause 8.2 may not be reborrowed. Any prepayment made shall be made together with any amounts due pursuant to Clause 8.8, without premium or penalty.
Prepayment of Loan. In the event the Awardee prepays the entire Loan portion of the Loan within three (3) years from the date hereof, the Awardee shall, within thirty (30) days of making such prepayment, execute a standard grant agreement with the RUS.
