Common use of Early Payments Clause in Contracts

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.

Appears in 15 contracts

Samples: Promissory Note and Security Agreement (Penn America Group Inc), Promissory Note and Security Agreement (Penn America Group Inc), Promissory Note and Security Agreement (Penn America Group Inc)

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Early Payments. Borrower has the right to make payments at any time before they are due. These early payments will mean that this the Note will be paid in less time. However, unless Borrower pays this Note in full, the monthly payments will remain the same. There will be no prepayment penalty.

Appears in 1 contract

Samples: Security Agreement (Sel-Leb Marketing Inc)

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