BORROWER'S RIGHT TO PREPAY. The Borrower shall have the right at any time and from time to time to prepay the Term Loans at a discount to the par value of the Term Loans and on a non-pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.17, provided that (i) immediately after giving effect to the Discounted Voluntary Prepayment, no Revolving Credit Loans shall be outstanding and no Default shall have occurred and be continuing or would result from the Discounted Voluntary Prepayment, (ii) any Discounted Voluntary Prepayment shall be offered to all holders of the Term Loans and (iii) the Borrower shall deliver to the Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower (1) stating that no Default has occurred and is continuing or would result from the Discounted Voluntary Prepayment, (2) stating that the Borrower does not have any material non-public information that has not been disclosed to the Lenders that could reasonably be expected to have a material effect on the Lenders’ decision to accept a Discounted Voluntary Prepayment and (3) stating that each of the conditions to such Discounted Prepayment Option Notice contained in this Section 2.17 has been satisfied. Any Term Loans prepaid pursuant to this Section 2.17 shall be deemed to be immediately cancelled and may not be reborrowed.
BORROWER'S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a “prepayment”. When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due dates of my monthly payments unless the Note Holder agrees in writing to those changes. My partial prepayment may reduce the amount of my monthly payments after the first Change Date following my partial prepayment. However, any reduction due to my partial prepayment may be offset by an interest rate increase.
BORROWER'S RIGHT TO PREPAY. We have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment." When we make a prepayment, we will tell the Holder in writing that we are doing so.
BORROWER'S RIGHT TO PREPAY. I have the right to make payments of Principal at any time before they are due. A payment of Principal only is known as a “Prepayment.” When I make a Prepayment, I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the due dates of my monthly payment unless the Note Holder agrees in writing to those changes. My partial Prepayment may reduce the amount of my monthly payments after the first Change Date following my partial Prepayment. However, any reduction due to my partial Prepayment may be offset by an interest rate increase.
BORROWER'S RIGHT TO PREPAY. Credit Facility ------------------------------------------ The Borrower may repay all or part of the Credit Facility from time to time. Prepayments may be made at anytime without notice, bonus, penalty or premium.
BORROWER'S RIGHT TO PREPAY. The Borrower shall have the right to maxx x xxxl prepayment or partial prepayment of the principal due hereunder at any time, without penalty. When the Borrower makes a prepayment, the Borrower will tell the Lender, in writing, that it is doing so. If the Borrower makes a partial prepayment, there will be no change in the due dates or in the amount of the monthly payments unless otherwise agreed to in writing by the Lender.
BORROWER'S RIGHT TO PREPAY. PCRC has the right to make payments of principal at any time before they are due. A payment of principal only is know as a “Prepayment”. If a Prepayment is made, PCRC will notify the County in writing that it is doing so. PCRC may make a full Prepayment or partial Prepayments. The County will use all Prepayments to reduce the amount of principal owed under this Note. If there is a partial Prepayment, there will be no change in the due dates of monthly payments unless the County agrees in writing to those changes. Partial Prepayment may reduce the amount of interest-only monthly payments.
BORROWER'S RIGHT TO PREPAY. Upon written notice to the holder of this Note, the undersigned may prepay the principal amount outstanding in whole or in part without penalty. All prepayments shall be applied first to the payment of accrued interest and second to reduce the amount of principal. A partial prepayment will not change the due date or the amount of the monthly payment unless the holder of this Note agrees in writing to such a change.
BORROWER'S RIGHT TO PREPAY. (a) The Borrower shall have the right at any time to prepay the Loan in whole or in portions of the Outstanding Amount of $1,000,000 and integral multiples thereof (independent of the mandatory prepayment required by section 2.6). On any optional prepayment pursuant to this section 2.7(a) the Borrower shall pay Complete Interest on the Outstanding Amount or the portion thereof being prepaid for that portion of the Loan Year up to but not including the date on which the prepayment is made (as well as prior Loan Years).
BORROWER'S RIGHT TO PREPAY. Maker shall have the right to make payments of principal at any time before they are due. A payment of principal in such fashion is known as a "prepayment." Maker may make a full prepayment or partial prepayments without paying any prepayment charge. Lender will use all such prepayments to reduce the amount of principal owed under this Note. If Maker makes a partial prepayment, there will be no changes in the amount or timing of payments due hereunder unless the Lender agrees in writing to those changes.
