Prepayment Terms definition

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: XXXXXX0X BANK: Bank of America 000 Xxxx 00xx Xxxxxx =Xxx Xxxx, Xxx Xxxx 00000 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.
Sample 1
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. DOCUMENT A-02132013
Sample 1
Prepayment Terms shall be: Prepayment is not permitted, unless approved by Holder in writing.
Sample 1

Examples of Prepayment Terms in a sentence

  • Prepayment Terms: no penalty for early full or partial repayment.

  • 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.

  • In the event that Interconnect Services have been opened for more than three months at the date of signature of these Prepayment Terms and Conditions, the first pre-invoice shall be based on the average of the invoices for Interconnect Services issued by PROXIMUS during the three months preceding the signature of these prepayment Terms and Conditions.

  • Prepayment Terms: for loans issued after June 2007, no penalty for early full or partial repayment.

  • The specific collateral concerns unpaid instalments 24 months past due.(ix) Loan Insurance: not available(x) Prepayment Terms: the customer has the option of early full repayment of the loan by paying the interest of the next non paid instalment.

  • Prepayment Terms: Closed Term Loan Only May not be prepaid, in whole or in part, prior to the maturity date.

  • Prepayment Terms Agreement dated as of December 15, 1994 among Borden Chemicals and Plastics Operating Limited Partnership, The Prudential Insurance Company of America, Metropolitan Life Insurance Company, Metropolitan Insurance and Annuity Company and the Company.

  • Further, banks prefer to lend on a floating rate basis because they typically borrow on a floating basis.Interest rate swaps allow for the borrower to achieve the benefits of a fixed rate, while allowing the borrower to pursue the lowest cost financing.3. Favourable Prepayment Terms: In the event of Prepayment, the swapped floating rate debt presented the following benefits.

  • Discussion, Consideration, Action and Approval of Agreement between New Mexico Finance Authority and the Town of Bernalillo to amend Prepayment Terms Related to the LoanAgreement.

  • All new Customers are subject to 100% Prepayment Terms until a credit verification is completed and the Customer is granted Net 30 Day Terms by Tallysman Wireless Inc.’s Finance Department.


More Definitions of Prepayment Terms

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: BXXXXX0X BANK: Bank of America 100 Xxxx 00xx Xxxxxx =Xxx Xxxx, Xxx Xxxx 00000
Sample 1
Prepayment Terms. May not be prepaid, in whole or in part, prior to the maturity date. Maximum Term: 5 years
Sample 1
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.
Sample 1

Related to Prepayment Terms

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • prepayment meter means a meter that can be programmed to allow the flow of pre-purchased amounts of energy in an electrical circuit;

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Acceptance and Prepayment Notice means a notice of the Borrower’s acceptance of the Acceptable Discount in substantially the form of Exhibit M.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Mandatory Prepayments means the prepayments of the Loans required by Section 2.13 hereof.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.