Common use of Prepayment of the Loan Clause in Contracts

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date.

Appears in 8 contracts

Samples: Loan Agreement (Fashion House Holdings Inc), Loan Agreement (Fashion House Holdings Inc), Loan Agreement (Fashion House Holdings Inc)

AutoNDA by SimpleDocs

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day Days’ prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date.

Appears in 7 contracts

Samples: Loan Agreement (VIASPACE Inc.), Loan Agreement (VIASPACE Inc.), Loan Agreement (VIASPACE Inc.)

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three (3) Business Day prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date. Once any portion of the Loan has been repaid, the funds may not be re-borrowed.

Appears in 3 contracts

Samples: Loan Agreement (Voyant International CORP), Loan Agreement (Voyant International CORP), Loan Agreement (Voyant International CORP)

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date. Once any portion of the Loan has been repaid, the funds may not be re-borrowed.

Appears in 3 contracts

Samples: Loan Agreement (Hemcure Inc), Loan Agreement (Hemcure Inc), Loan Agreement (Hemcure Inc)

AutoNDA by SimpleDocs

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day Days prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date. Once any portion of the Loan has been repaid, the funds may not be re-borrowed.

Appears in 2 contracts

Samples: Loan Agreement (Hemcure Inc), Loan Agreement (Hemcure Inc)

Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three 3 Business Day Days prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date.

Appears in 1 contract

Samples: Loan Agreement (Better Biodiesel, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.