No Other Prepayment Sample Clauses
The "No Other Prepayment" clause restricts a party from making any loan or debt repayments outside of those specifically permitted by the agreement. In practice, this means the borrower cannot pay off the loan early or make additional payments unless the contract explicitly allows it, ensuring that all prepayments follow agreed-upon terms and conditions. This clause is primarily used to protect the lender’s expected interest income and to maintain control over the repayment schedule, thereby preventing the borrower from unilaterally altering the financial arrangement.
No Other Prepayment. Borrower may not prepay any Loan except upon the occurrence of an event described in Section 2.5(a) or (b) above in which event the prepayment shall be made as described in such sections.
No Other Prepayment. Borrower may not prepay this Note except described herein.
No Other Prepayment. Except as specifically provided in Section 2.1, this Note may not be prepaid, redeemed or repurchased at the option of the Company prior to the applicable Installment Maturity Date or the Final Maturity Date, as the case may be.
No Other Prepayment. The Borrower may not repay the Loan early except in the manner permitted or required by this Agreement.
No Other Prepayment. The Borrower shall not, without the prior written consent of the Lender, be entitled to prepay any Loan otherwise than as provided in Clauses 5.1 to 5.2 above.
No Other Prepayment. The Borrower may not prepay any Advance, the Loan or any part thereof save as expressly provided for in this Agreement.
No Other Prepayment. Except as specifically provided in Sections 2(b) and 2(c), this Note may not be prepaid, redeemed or repurchased at the option of the Company prior to the Maturity Date. In order that the Company not discriminate among the Holder and the holders of the Other notes, the Company agrees that it shall not repurchase or otherwise acquire any of the Other Notes unless the Company offers simultaneously to redeem, repurchase or otherwise acquire a pro rata portion of this Note for cash at the same price per unit of outstanding principal amount as the Other Note or Other Notes.
No Other Prepayment. The Borrowers may not prepay any Advance or any part thereof save as expressly provided in this Agreement.
No Other Prepayment. The Borrower may not repay all or any part of any outstanding Advance early except in the manner permitted or required by this Agreement.
No Other Prepayment. The Borrower may not prepay the Loan except in the manner permitted by this Agreement.