Common use of Mandatory Prepayment of Principal Clause in Contracts

Mandatory Prepayment of Principal. The Principal of this Note may be required to be prepaid, in whole or in part, at any time and from time to time in accordance with Section 2.02(b) of the Loan Agreement.

Appears in 3 contracts

Samples: Convertible Term Note (Lapolla Industries Inc), Convertible Term Note (Lapolla Industries Inc), Convertible Term Note (Lapolla Industries Inc)

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Mandatory Prepayment of Principal. The Principal of this Note may be required to be prepaid, in whole or in part, at any time and from time to time prepaid in accordance with Section 2.02(b) 2.07 of the Loan Agreement.

Appears in 1 contract

Samples: Fee Note (General Environmental Management, Inc)

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Mandatory Prepayment of Principal. The Principal of this Note may be required to be prepaid, in whole or in part, at any time and from time to time in accordance with Section 2.02(b) or Section 2.08 of the Loan Agreement. In addition, if such mandatory prepayment arises by reason of a Sale, such prepayment shall be subject to the payment of a prepayment premium as provided in Section 2.04(c) of the Loan Agreement.

Appears in 1 contract

Samples: Convertible Term Note (Aftersoft Group)

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