Prepayment Option definition

Prepayment Option has the meaning set forth in Section 7A.

Prepayment Option means the option granted to each of the several Purchasers pursuant to Section 7A of their respective Initial Power Contracts to prepay their entitlement percentages of certain of Vermont Yankee's costs.

Prepayment Option. DATES - If specified on the applicable Note, a date or dates for prepayment of a Note prior to the Stated Maturity thereof at the option of the Holder. PREPAYMENT OPTION PRICE - The amount prepayable to a Holder on a Prepayment Option Date together with any accrued interest to the Prepayment Option Date, as and if specified above on the applicable Note.

Examples of Prepayment Option in a sentence

• For Loans in which Borrower has a Prepayment Option (e.g. Open Loans, Term Loans with Prepayment Option, etc.), Borrower may notify Customer during Business Hours of Borrower’s intent to return the Loan prior to the Maturity Date or the date Customer exercises its Call Option without being subject to, and as a result will not incur, Early Termination Fees.

• In the event of a Prepayment Option where the Borrower repays only a portion of the Loan Balance, Borrower shall repay said portion of the Loan Balance on the Redelivery Day and the remaining portion of the Loan Balance on the earlier of the Maturity Date, the Recall Day, or a subsequent Redelivery Day.

• Borrower’s exercising of its Prepayment Option shall not relieve it of any of its other obligations herein, including without limitation its payment of owed Loan Fees and Late Fees.

More Definitions of Prepayment Option

Prepayment Option means the IRS Prepayment Option (as defined in the Interest Rate Swap) and/or the CDS Prepayment Option (as defined in the Credit Default Swap).

Prepayment Option. Interest on [ ] Bank’s loans is calculated using the simple interest approach, and these loans will not include any penalties for pre-payment. Loan Disbursement: Loans will be disbursed via Cashier’s Check made payable to the contractor (when one exists). Each Loan disbursement on each project will be contingent upon prior written approval by borrower and [Partner, City, or City’s designee], based upon sufficient verification of EE project completion and all reporting requirements Loans under $10,000 will be disbursed in a single payment. Loans over $10,000 may be disbursed in two separate disbursements when agreed upon prior to loan documentation. Borrowers will typically have turnkey contracts for construction of the projects with qualified contractors. A “Schedule of Values” may be included in the construction contracts and Loan agreement defining: construction milestones, construction costs to achieve each milestone, and independent inspection confirming achievement of milestones. Construction finance plan and Schedule of Values must be acceptable to all parties.

Prepayment Option. Upon ninety (90) days written notice, the Government has the right to pre-pay the remaining Payments for the Asset(s). Such pre-payment price will be the discounted value of all the remaining Payments under this Agreement at the annual rate of 5% or actual leasing rate together with the Residual Value plus any payments then due and owing.

Prepayment Option shall have the meaning assigned to such term in Section 3.1 of the Loan Agreement.

Prepayment Option shall have the meaning set forth in Section 1.10.

Prepayment Option has the meaning provided in Section 3.3(a) hereof.

Prepayment Option means the Borrower has the option to repay or return the Loaned Assets prior to the Maturity Date without incurring Early Termination Fees, subject to this Agreement and in particular Section II(c)(iii).