Prepayment Generally. (a) No prepayment of the Loan, in whole or in part, may be made except as provided in Section 4.05 and Section 4.06; and
(b) Upon receipt of written notice that a deposit is being made for the purpose of prepaying the Loan and thereby effecting the redemption of the Bonds, the Trustee shall take such steps as may be required under the Indenture to accomplish the redemption of the Bonds under the redemption provisions of the Indenture.
Prepayment Generally. If Lender receives any principal payment before the Maturity Date other than the monthly payments specified in Note Sections 1 and 3, it will be considered a prepayment of principal under the Note (“Prepayment”). Without limiting the foregoing, any application by Xxxxxx, prior to the Maturity Date, of any proceeds of collateral or other security to the repayment of any portion of the unpaid principal balance of the Note constitutes a Prepayment. Borrower may not make a full or partial Prepayment unless expressly permitted or required by the Loan Documents. Unless (i) otherwise expressly provided in the Loan Documents, or (ii) Xxxxxx agrees otherwise in writing, if Xxxxxx accepts and applies any partial Prepayment, Lender will not change the Installment Due Dates, nor will it change the amount of any required monthly payments.
Prepayment Generally. No prepayment of the Loan may be made except to the extent and in the manner expressly permitted by this Agreement. Upon receipt of written notice from the Developer that a deposit is being made by or on behalf of the Developer for the purpose of prepaying the Loan and thereby effecting the redemption of the Bonds, the Trustee shall take such steps as may be required under the Indenture to accomplish the redemption of the Bonds under the redemption provisions of the Indenture. The Developer shall cause written notice to be given to the Trustee of its election to prepay all or a portion of the Loan pursuant to Section 4.05 or 4.06 hereof not less than 40 days prior to the date on which such prepayment is to occur, and the Developer shall be obligated to make such prepayment after any notice of redemption of Bonds on the applicable redemption date or such earlier date as may be provided for herein with respect to such prepayment has been given by the Trustee.
Prepayment Generally. Except as set forth in Section 2(b), no Growth Capital Loan may be voluntarily prepaid except as provided in this Section 2(a). Borrowers may voluntarily prepay all, but not less than all, Growth Capital Loans in whole, but not in part, at any time by tendering to Lender cash payment in respect of such Loans in an amount equal to the sum of: (i) the accrued and unpaid interest on such Loans as of the date of prepayment; and (ii) an amount equal to the total amount of all scheduled but unpaid payments (including Final Payments) that would have accrued and been payable from the date of prepayment through the stated date of maturity of the Loans had they remained outstanding and been paid in accordance with the terms of the related Notes.
Prepayment Generally. No prepayment of the Loan may be made except to the extent and in the manner expressly permitted by this Agreement. Upon receipt of written notice from the Owner that a deposit is being made by the Owner for the purpose of prepaying the Loan and hereby effecting the redemption of the Bonds, the Trustee shall take such steps as may be required under the Indenture to accomplish the redemption of the Bonds under the redemption provisions of the Indenture. The Owner shall give written notice to the Trustee of its election to prepay all or a portion of the Loan pursuant to Sections 4.05 or 4.06 hereof, and the Owner shall be obligated to make such prepayment after any notice of redemption of Bonds with respect to such prepayment has been given by the Trustee.
Prepayment Generally. The Loan may be prepaid at any time, without premium or penalty, upon two (2) Business Days prior written notice to Lender. Any such notice of prepayment shall be irrevocable. No such voluntary prepayment shall be in an amount less than $25,000.
Prepayment Generally. Prepayment of the Project Notes and redemption of any corresponding Project Bonds may be made to the extent and in the manner expressly permitted by this Article VIII.
Prepayment Generally. Borrower may voluntarily prepay all, but not less than all, Loans in whole, but not in part, at any time by tendering to Lender cash payment in respect of such Loans in an amount equal to the sum of: (i) all accrued and unpaid interest on such Loans as of the date of prepayment; (ii) all outstanding principal balances of such Loans as of the date of prepayment; (iii) the undiscounted Final Payment(s); and (iv) an amount equal to the total amount of all of the interest that would have accrued and been payable from the date of prepayment through the stated maturity of the Loans had they remained outstanding and been paid in accordance with the terms of the related Note(s).
Prepayment Generally. No prepayment of the outstanding Notes may be made except to the extent permitted by this Agreement.
Prepayment Generally. Borrower may prepay this Note in full or in part at any time. Any partial prepayments shall not delay the due dates or change the principal portion of the remaining payments until this Note is paid in full.
