Pre-payments Clause Samples
The Pre-payments clause establishes the requirement for a party to pay a specified amount in advance before goods or services are delivered or work commences. In practice, this clause details when the pre-payment must be made, the amount or percentage required, and any conditions tied to the release or refund of the pre-paid funds. Its core function is to provide the supplier or service provider with financial security and assurance of the buyer’s commitment, thereby reducing the risk of non-payment or last-minute cancellations.
POPULAR SAMPLE Copied 1 times
Pre-payments. The ▇▇▇▇▇▇▇ Borrower shall have no right to pre-pay or otherwise repay the amounts owing under The ▇▇▇▇▇▇▇ Construction Loan Agreement except as set forth below under the headings "The ▇▇▇▇▇▇▇ Excess Cash Flow Sweep" and "General Pre-Payment Right".
Pre-payments. The Company has not received any payments with respect to any services to be rendered or goods to be provided after the Closing except in the ordinary course of business.
Pre-payments. Except as set forth on Schedule 5.24, no member of the Company Group has received any payments with respect to any services to be rendered or goods to be provided after the Closing except in the ordinary course of business or as reflected on the Financial Statements.
Pre-payments. Except as set forth on Schedule 3.18, Company has not received any payments with respect to lease agreements to be paid or to any services to be rendered after the Closing.
Pre-payments. Neither Bridgelink nor Emergen has received any payments with respect to any services to be rendered or goods to be provided after the Closing.
Pre-payments. Except as set forth on Schedule 4.24, none of the Companies has received any payments with respect to any services to be rendered or goods to be provided after the Closing except in the ordinary course of business.
Pre-payments. Except as set forth on Section 5.20 of the Company Disclosure Schedule, the Company Group has not received any payments with respect to any services to be rendered or goods to be provided after the Closings except in the ordinary course of business.
Pre-payments. No Company Party has received any payments with respect to any services to be rendered or goods to be provided after the Closing except in the ordinary course of business.
Pre-payments. The indebtedness evidenced or created by this Note may at any time prior to maturity be prepaid in full or in part without any premium or penalty.
Pre-payments. The Borrower may prepay the outstanding amount of any Advance in whole or in part with accrued interest to the date of such prepayment on the amount prepaid; provided, however, that (i) notice of any prepayment of a Eurodollar Rate Advance must be given at least three (3) Business Days prior to the date of prepayment; (ii) notice of any prepayment of a Base Rate Advance must be given not later than 12:00 noon (Dallas time) on the date of prepayment; (iii) any prepayment of any Eurodollar Rate Advance shall be made on, and only on, the last day of an Interest Period for such Advance; and (iv) each partial prepayment shall be in a principal amount of $250,000 and integral multiples of $50,000 in excess of that amount and, if made after the Termination Date, shall be applied to the principal installments on each Lender's Note in the inverse order of their maturities.