Prepayment; Application of Payments. This Note may be prepaid by the Borrower in whole 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: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Leak Out Agreement (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.)
Prepayment; Application of Payments. This Note may be prepaid by the Borrower in whole or in partwhole, 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: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.)
Prepayment; Application of Payments. This Note may must be prepaid by the Borrower in whole or in part, at any time before the Maturity Date without premium or penalty. All prepayments , but only upon the terms and payments on conditions set forth in this Note shall be applied first to outstanding interest and then to the outstanding principal balance of this Note.Section 2.4:
Appears in 1 contract
Samples: Loan Agreement and Secured Promissory Note (Eos Petro, Inc.)
