Common use of Early Repayment Clause in Contracts

Early Repayment. The borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due.

Appears in 5 contracts

Samples: Loan Agreement (Exploration Drilling International Inc.), Loan Agreement (Exploration Drilling International Inc.), Loan Agreement (Exploration Drilling International Inc.)

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Early Repayment. The borrower Borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due.

Appears in 2 contracts

Samples: Loan Agreement (Exploration Drilling International Inc.), Loan Agreement (Exploration Drilling International Inc.)

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Early Repayment. The borrower Borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including time before the end of the term of the loan. A prepayment penalty shall not be due.

Appears in 1 contract

Samples: Loan Agreement (Exploration Drilling International Inc.)

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