Prepayment; Application of Payments. This Note may be prepaid by the Borrower in whole, at any time before the Maturity Date without premium or penalty. All prepayments and payments on this Note shall be applied first to outstanding interest and then to the outstanding principal balance of this Note.
Appears in 3 contracts
Samples: Series B Convertible Preferred Stock Purchase Agreement (Cellteck Inc.), Lowcal Agreements (Cellteck Inc.), Loan Agreement (Cellteck Inc.)
Prepayment; Application of Payments. This Note may be prepaid by the Borrower in wholewhole or in part, at any time before the Maturity Date without premium or penalty. All prepayments and payments on this Note shall be applied first to outstanding interest and then to the outstanding principal balance of this Note.
Appears in 3 contracts
Samples: Series B Convertible Preferred Stock Purchase Agreement (Cellteck Inc.), Lock Up/Leak Out Agreement (Cellteck Inc.), Loan Agreement (Cellteck Inc.)
