Interest Repayment and Prepayment Sample Clauses

Interest Repayment and Prepayment. The Borrower must:
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Interest Repayment and Prepayment. 2.1. This Loan shall bear a compounded fixed interest of 5% (five percent) per annum (the “Interest”). The Interest due hereunder shall be computed on the basis of a 360 -day year and actual days lapsed. Interest shall accrue from and including 1 April 2019 up to but excluding the last day of the Term.
Sample 1
Interest Repayment and Prepayment 
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Related to Interest Repayment and Prepayment

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

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