Early Payments. The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable.
Early Payments. The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable. Servicing System/Data Tape
i) Confirm that there is no indication that the Obligor did not make the first two monthly payments on the Receivable by verifying that the payments made field in the Data Tape is at least two as of the Review Date.
ii) If Step i is confirmed, then Test Pass.
Early Payments. Borrower has the right to make payments at any time before they are due. These early payments will mean that this Note will be paid in less time.
Early Payments. The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable. Servicing System/Data Tape
Early Payments. (a) Borrower may, upon notice to the Agent specifying that it is paying its Revolving Credit Loans which are Base Rate Loans, pay without penalty or premium such Base Rate Loans in whole at any time, or from time to time in part in amounts aggregating $1,500,000.00, or any larger multiple of $100,000.00; provided, however, that in no event may Borrower make a partial payment of Base Rate Loans which results in the total outstanding Revolving Credit Loans which are Base Rate Loans being greater than zero but less than $1,500,000.00. Each such optional payment shall be applied to pay the Base Rate Loans of the several Banks in proportion to their respective Revolving Credit Commitments.
(b) Borrower may, upon at least one (1) Eurodollar Business Day's notice to the Agent specifying that it is paying its Revolving Credit Loans which are LIBOR Loans, pay without penalty or premium on the last day of any Interest Period its LIBOR Loans to which such Interest Period applies, in whole, or in part in amounts aggregating $2,500,000.00 or any larger multiple of $250,000.00, by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, however, that in no event may Borrower make a partial payment of LIBOR Loans which results in the total outstanding Revolving Credit Loans which are LIBOR Loans with respect to which a given Interest Period applies being greater than zero but less than $2,500,000.00. Each such optional payment shall, subject to Section 6.6, be applied to pay such LIBOR Loans of the several Banks in proportion to their respective Revolving Credit Commitments.
(c) Borrower may, upon notice to the Agent specifying that it is paying its Term Loans which are Base Rate Loans, pay without penalty or premium such Base Rate Loans in whole at any time, or from time to time in part in amounts aggregating $1,500,000.00 or any larger multiple of $100,000.00, by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, however, that in no event may Borrower make a partial payment of Base Rate Loans which results in the total outstanding Term Loans which are Base Rate Loans being greater than zero but less than $1,500,000.00. Each such optional payment shall be applied to pay the Base Rate Loans of the several Banks in proportion to their respective Term Loan Commitments.
(d) Borrower may, upon at least o...
Early Payments. I have the right to make payments at any time before they are due. These early payments will mean that this Note will be paid in less time. However, unless I pay this Note in full, my monthly payments will remain the same. I may not make partial payments at any time.
Early Payments. 36 6.5 General Provisions as to Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 6.6
Early Payments. Any Early Termination Payment, payment under Section 7.2(b) and Termination for Convenience Payment (collectively, “Early Payments”) shall be presumed to be equal to the liquidated damages sustained by the SDCL Parties as the result of the occurrence of the applicable termination event and the Asset Manager agrees that it is reasonable under the circumstances currently existing. The Asset Manager acknowledges that the Early Payments represent a reasonable and fair estimate for the loss that the SDCL Parties may sustain from the early termination of the applicable Project Contract(s), and further acknowledges that except as specifically provided herein the Asset Manager does not have any right to terminate this Article in whole or in part without paying the applicable Early Payments. THE ASSET MANAGER EXPRESSLY WAIVES THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF ANY EARLY PAYMENT IN CONNECTION WITH ANY SUCH TERMINATION OF THIS ARTICLE, THIS AGREEMENT OR ANY PROJECT CONTRACT. The Asset Manager expressly agrees that (i) each Early Payment is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel, (ii) the Early Payments shall be payable notwithstanding the then prevailing market rates at the time payment is made, (iii) there has been a course of conduct between the Tecogen Parties and the SDCL Parties giving specific consideration in this transaction for such agreement to pay each Early Payment, (iv) the Tecogen Parties shall be estopped hereafter from claiming differently than as agreed to in this Section 7.3, (v) the Asset Manager’s agreement to pay Early Payments is a material inducement to the SDCL Parties to consummate the transactions contemplated by the Membership Interest Purchase Agreement and Transaction Documents, and (vi) the Early Payments represent a good faith, reasonable estimate and calculation of the lost profits or damages of the SDCL Parties and that it would be impractical and extremely difficult to ascertain the actual amount of damages to the SDCL Parties or profits lost by the SDCL Parties as a result of such termination of this Article, this Agreement or any Project Contract. Any and all Early Payments shall be fully earned and non-refundable when made.
Early Payments. Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early portion payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower=s obligation to continue to make payments under the payment schedule. Rather, they will reduce the principal balance due.
Early Payments. 35 5.5 General Provisions as to Payments............................... 36 5.6
