Prepayment of Principal. Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.
Prepayment of Principal. Borrower shall provide Lender with Notice of the amount of any prepayment of a Fixed Rate Loan Segment no later than 10:00 a.m. Spokane time one Business Day prior to the Business Day the prepayment will be made.
Prepayment of Principal. (a) Any portion of the principal balance of this Promissory Note may be repaid from time to time in whole or in part, without penalty, and the amount of the payments of principal and interest set forth in Section 2 will be adjusted accordingly; provided, however, that all payments and prepayments made by the Company under this Promissory Note and the corresponding Ungax Xxxmissory Note shall be proportionate with respect to each such Note.
(b) If the principal balance of this Promissory Note is paid in full prior to the final installment date, the entire principal balance of this Promissory Note will be reduced by an amount equal to two percent (2%) for each full twelve-month period that the principal balance is paid in full prior to the final installment date. Such reduction of principal shall not reduce any interest payments made on this Promissory Note. The amount of such principal reduction shall be deducted from the final installment payment to be paid by Maker.
Prepayment of Principal. Borrower may not make a partial principal prepayment on a LIBOR Loan. Borrower may prepay the full outstanding principal balance on a LIBOR Loan prior to the end of the Interest Period, provided, however, that such prepayment is accompanied by a fee ("LIBOR Prepayment Fee") equal to the amount, if any, by which (a) the additional interest which would have been earned by CNB had the LIBOR Loan not been prepaid exceeds (b) the interest which would have been recoverable by CNB by placing the amount of the LIBOR Loan on deposit in the LIBOR market for a period starting on the date on which it was prepaid and ending on the last day of the applicable Interest Period. CNB's calculation of the LIBOR Prepayment Fee will be deemed conclusive absent manifest error.
Prepayment of Principal. Borrower may prepay the principal amount outstanding on a Prime Loan at any time and in any amount without a prepayment fee. Borrower may not make a partial principal prepayment on a LIBOR Loan. Borrower may prepay the full outstanding principal balance on a LIBOR Loan prior to the end of the Interest Period, provided, however, that such prepayment is accompanied by a fee (“LIBOR Prepayment Fee”) equal to the amount, if any, by which (a) the additional interest which would have been earned by CNB had the LIBOR Loan not been prepaid exceeds (b) the interest which would have been recoverable by CNB by placing the amount of the LIBOR Loan on deposit in the LIBOR market for a period starting on the date on which it was prepaid and ending on the last day of the applicable Interest Period. CNB’s calculation of the LIBOR Prepayment Fee shall be conclusive absent manifest error.
Prepayment of Principal. If checked, Borrower elects to prepay principal as follows:
Prepayment of Principal. Subject to Payee’s right to convert the principal of this Note into shares of S2C’s Common Stock in accordance with the provisions of Section 4 below, S2C may prepay all or any portion of the principal at any time without penalty.
Prepayment of Principal. The principal indebtedness represented by this Note, together with all unpaid accrued interest thereon, may be prepaid in whole or in part, without the consent of the holder of this Note, subject to the right of the holder hereof to convert the outstanding principal and accrued interest in accordance with Section 2 hereof.
Prepayment of Principal. Borrower shall have the right to prepay the Loan, in whole or in part, at any time, without premium or penalty.
Prepayment of Principal. The Note may be prepaid in whole ------------------------- or in part without premium or penalty.
