Early Discharge Sample Clauses
The Early Discharge clause allows one or both parties to end their obligations under an agreement before the originally scheduled completion date. Typically, this clause outlines the specific conditions or events that would trigger an early discharge, such as mutual consent, completion of certain milestones, or the occurrence of unforeseen circumstances. Its core practical function is to provide flexibility and a clear process for terminating the agreement early, thereby reducing uncertainty and potential disputes if circumstances change.
Early Discharge. Upon full payment of the outstanding principal balance and all accrued but unpaid interest, this Note shall be fully discharged, cancelled and surrendered to Borrower.
Early Discharge. Upon full and indefeasible payment of the outstanding Principal Amount and all interest thereon, this Note and Security Agreement shall be fully discharged, cancelled and surrendered to ▇▇▇▇.
