Common use of Early Discharge Clause in Contracts

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.

Appears in 7 contracts

Samples: Line of Credit and Security Agreement (VCG Holding Corp), Promissory Note and Security Agreement (VCG Holding Corp), Promissory Note and Security Agreement (VCG Holding Corp)

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Early Discharge. Upon full payment of the outstanding principal balance and all ail accrued but bul unpaid interest, this Note shall be fully discharged, . cancelled and surrendered to Borrower.

Appears in 1 contract

Samples: Settlement Agreement (Arete Industries Inc)

Early Discharge. Upon full payment Conversion of this Note in full, the outstanding principal balance and all accrued but unpaid interestinterest and Late Charges which are converted as provided herein, this shall be fully discharged and the Note shall be fully discharged, cancelled and surrendered to Borrowerthe Company.

Appears in 1 contract

Samples: Security Agreement (Flux Power Holdings, Inc.)

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Early Discharge. Upon full payment Conversion of this Note in full, the outstanding principal balance and all accrued but unpaid interestinterest and Late Charges which are converted as provided herein, this shall be fully discharged and the Note shall be fully discharged, cancelled and surrendered to Borrower.

Appears in 1 contract

Samples: Line of Credit and Security Agreement (VCG Holding Corp)

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