Common use of Optional Prepayment in Cash Clause in Contracts

Optional Prepayment in Cash. The Borrower will have the option of prepaying this Note in full or in part at any time in an amount equal to 103% of the amount being prepaid subject to the prepayment fees under Section 16 of the Security Agreement in the event this Note is paid in full.

Appears in 2 contracts

Samples: Secured Convertible Note (Transgenomic Inc), Secured Convertible Minimum Borrowing Note (Transgenomic Inc)

AutoNDA by SimpleDocs

Optional Prepayment in Cash. The Borrower will have the option of prepaying this Note in full or in part at any time in an amount equal to 103% of the amount being prepaid subject to the prepayment fees under Section 16 of the Security Agreement in the event this Note is paid in fullwithout penalty or premium.

Appears in 1 contract

Samples: Security Agreement (Electric City Corp)

AutoNDA by SimpleDocs

Optional Prepayment in Cash. The Borrower will have the option of prepaying this Note in full or in part at any time in an amount equal to 103% of the amount being prepaid subject to the prepayment fees under Section 16 of the Security Agreement in the event this Note is paid in fullwithout penalty or premium .

Appears in 1 contract

Samples: Secured Convertible Revolving Note (Electric City Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!