Prepayment Terms definition

Prepayment Terms shall be: Prepayment is not permitted, unless approved by Holder in writing.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Prepayment Terms. May not be prepaid, in whole or in part, prior to the maturity date. Maximum Term: 5 years

Prepayment Terms has the meaning given to it in Section 3.3(c).

Examples of Prepayment Terms in a sentence

• Prepayment Incentives --------------------- Prepayment Terms (30 day, 15 day and 7 day): The prepayment is a one- time payment equivalent to thirty (30) or fifteen (15) or seven (7) days worth of purchases (based on the most recent three-month purchase history) which is held as a deposit by McKesson.

• If Buyer is utilizing Prepayment Terms, in addition to the requirements set forth under “Optional Extended Payment Terms” above, Buyer will, at least five (5) business days prior to the effective date of this Agreement, make an advance payment to Cardinal.

• Only the lowest vehicle categories may be rented against cash or cheque payment (see section ‘Specific Rental Terms') Please refer to the section "Prepayment Terms & Conditions" for additional information.

• PREPAYMENT INCENTIVES Prepayment Terms (30 day, 15 day and 7 day): The prepayment is a one-time payment equivalent to thirty (30) or fifteen (15) or seven (7) days worth of purchases (based on the most recent three-month purchase history) which is held as a deposit by McKesson.

• Borrower shall pay estimated fees as follows: Loan Fee $2,500.00 From Account 000000451028112 Prepayment Terms.

More Definitions of Prepayment Terms

Prepayment Terms. May not be prepaid, in whole or in part, prior to the maturity date. Maximum Term: 5 years Maturity Date: The last day of the month determined based on the term selected and the date of advance.

Prepayment Terms. Prepayment of 100% (one hundred percent) of said Note is permitted at any time in the form of the following: (1) cash or (2) other negotiated form of payment mutually agreed to in writing. No penalty for pre- payment. Use of Proceeds: Working capital (including payment of commissions), acquisitions, marketing. Commissions: The Company will pay to Broker (for itself and other selling agents) a commission in the form of cash equal in value to five percent (5%) of the gross proceeds from the sale of the Common Stock under the Subscription Agreement, as well as ten percent (10%) in common stock. Payment: Principal Sum will be funded by the Holder upon signing the Note. Payment Checks: Checks to be made payable to Network 1 Financial Group Inc. Wire Instructions: Wire transfers should be sent to: Account Name: Network 1 Financial Group Inc ACCOUNT No.: 381030508634 Domestic A/B/A No: 026009594 International Swift Code: B▇▇▇▇▇▇▇ BANK: Bank of America 1▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ =▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Prepayment Terms. Prepayment of 100% (one hundred percent) of said Note is permitted at any time in the form of the following: (1) cash or (2) other negotiated form of payment mutually agreed to in writing. No penalty for pre- payment. Use of Proceeds: Working capital (including payment of commissions), acquisitions, marketing. Commissions: The Company will pay to Broker (for itself and other selling agents) a commission in the form of cash equal in value to five percent (5%) of the gross proceeds from the sale of the Common Stock under the Subscription Agreement, as well as ten percent (10%) in common stock. Payment: Principal Sum will be funded by the Holder upon signing the Note. Payment Checks: Checks to be made payable to Network 1 Financial Group Inc. Wire Instructions: Wire transfers should be sent to: Account Name:Network 1 Financial Group Inc ACCOUNT No.: 381030508634 Domestic A/B/A No: 026009594 International Swift Code: ▇▇▇▇▇▇▇▇ BANK: Bank of America ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ =▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Type Of Offering: Said Note offered is offered directly by the Company to the Holder of the Note for Consideration(s) set forth in the Note. The Note is being offered on a private placement basis to Subscribers who are “accredited investors”, exempt from the prospectus and registration requirements of the United States. The Offering shall comply with all applicable securities laws to the satisfaction of the Company, and the Subscriber shall execute and deliver such subscription documents as may be necessary or customary in Regulation D private placements. The Securities be issued by the Company shall be done in accordance with a Private Placement Subscription Agreement (the “Subscription Agreement“) between the Company and Subscriber. The Subscription Agreement will contain certain covenants, representations, warranties and indemnities of the Company for the benefit of the Subscribers of a nature and scope customary in private placements of this type, and certain covenants, representations, warranties and indemnities of the Subscribers for the benefit of the Company of a nature and scope customary in private placements of this type.

Prepayment Terms shall be: The aggregate balance attributable to each payment of Consideration may be prepaid, after providing the Lender 20 trading days’ advance written notice, at any time after one year from the time of such payment of Consideration in the amount of 125% of the outstanding Principal Sum, interest, OID, and any other fees or damages.