Prepayment Option definition

Prepayment Option has the meaning set forth in Section 7A.

Prepayment Option means the option granted to each of the several Purchasers pursuant to Section 7A of their respective Initial Power Contracts to prepay their entitlement percentages of certain of Vermont Yankee's costs.

Prepayment Option. DATES - If specified on the applicable Note, a date or dates for prepayment of a Note prior to the Stated Maturity thereof at the option of the Holder. PREPAYMENT OPTION PRICE - The amount prepayable to a Holder on a Prepayment Option Date together with any accrued interest to the Prepayment Option Date, as and if specified above on the applicable Note.

Examples of Prepayment Option in a sentence

• Notwithstanding the foregoing, if the Full Prepayment Option is exercised, then, in lieu of the Acquisition Property Price, price paid shall be the Full Prepayment Price.

• Prepayment Option: FI requested to propose borrower prepayment options.

• Full Prepayment Closing Date shall mean, in the case of the exercise by PRF of the Full Prepayment Option (or the declaration by Developer of the exercise of the Full Prepayment Option pursuant to Subsection 15(a)), the date on which the Full Prepayment Price is to be paid.

• Full Prepayment Option shall mean the option (but not the obligation) of PRF to satisfy in full the obligations with respect to the payment of the Acquisition Property Price in advance of the expiration of the Payment Period by paying the Full Prepayment Price.

• Full Prepayment Notice shall mean a written notice pursuant to which PRF notifies Developer and the City that it is exercising the Full Prepayment Option.

More Definitions of Prepayment Option

Prepayment Option means the IRS Prepayment Option (as defined in the Interest Rate Swap) and/or the CDS Prepayment Option (as defined in the Credit Default Swap).

Prepayment Option. Interest on [ ] Bank’s loans is calculated using the simple interest approach, and these loans will not include any penalties for pre-payment. Loan Disbursement: Loans will be disbursed via Cashier’s Check made payable to the contractor (when one exists). Each Loan disbursement on each project will be contingent upon prior written approval by borrower and [Partner, City, or City’s designee], based upon sufficient verification of EE project completion and all reporting requirements Loans under $10,000 will be disbursed in a single payment. Loans over $10,000 may be disbursed in two separate disbursements when agreed upon prior to loan documentation. Borrowers will typically have turnkey contracts for construction of the projects with qualified contractors. A “Schedule of Values” may be included in the construction contracts and Loan agreement defining: construction milestones, construction costs to achieve each milestone, and independent inspection confirming achievement of milestones. Construction finance plan and Schedule of Values must be acceptable to all parties.

Prepayment Option shall have the meaning assigned to such term in Section 3.1 of the Loan Agreement.

Prepayment Option shall have the meaning set forth in Section 1.10.

Prepayment Option. Upon ninety (90) days written notice, the Government has the right to pre-pay the remaining Payments for the Asset(s). Such pre-payment price will be the discounted value of all the remaining Payments under this Agreement at the annual rate of 5% or actual leasing rate together with the Residual Value plus any payments then due and owing.

Prepayment Option has the meaning provided in Section 3.3(a) hereof.

Prepayment Option. The Lease may be prepaid at any time (in whole, but not in part) at a price equal to the then outstanding balance (“Balance”), plus accrued interest, plus a prepayment premium calculated as follows: 3% of the Balance if paid in the first 12 months of the Lease Term; 2% of the Balance if paid in the second 12 months of the Lease Term; and 1% of the Balance if paid after the second 12 months of the Lease Term. Insurance: Lessee, at its own expense, will provide insurance naming Lessor as loss payee and additional insured. Warranties: Lessor makes no warranties expressed or implied. Lessee’s sole warranty rights are any provided by the Equipment vendors and/or manufacturers. Term Sheet for Lease-Purchase Financing Page 2 Net Lease: Lessor is not a manufacturer or dealer of equipment. All maintenance, license fees, taxes, insurance, and any other costs related to ownership and operation of the Equipment shall be the responsibility of Lessee.