Common use of Prepayment Fees Clause in Contracts

Prepayment Fees. If the Term Note or the Capital Expenditures Note are prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Precision Inc)

AutoNDA by SimpleDocs

Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a any date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Precision Inc)

Prepayment Fees. If the Term Note or the Capital Expenditures Note are prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 20002001; (ii) two percent (2%) if prepayment occurs after September 30, 2000 2001 but on or before September 30, 20012002; and (iii) one percent (1%) if prepayment occurs after September 30, 20012002.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Precision Inc)

Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Precision Inc)

AutoNDA by SimpleDocs

Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 20002001; (ii) two percent (2%) if prepayment occurs after September 30, 2000 2001 but on or before September 30, 20012002; and (iii) one percent (1%) if prepayment occurs after September 30, 20012002.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Precision Inc)

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