MAY Prepay. The Borrower can prepay without penalty all or a portion of the Principal Amount and interest earlier than it is due. Partial prepayment will not postpone the Due Date of any subsequent payment or change the payment amount unless the Lender otherwise agrees in writing. Prepayments will first be applied to the interest calculated at the Interest Rate, and second to the Principal Amount. ☐ - May NOT Prepay.
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MAY Prepay. The Borrower can prepay without penalty all or a portion of the Principal Amount and interest earlier than it is due. Partial prepayment will not postpone the Due Date of any subsequent payment or change the payment amount unless the Lender otherwise agrees in writing. Prepayments will first be applied to the interest calculated at the Interest Rate, and second to the Principal Amount. ☐ ☐ - May NOT Prepay.
Appears in 2 contracts
