Prepayment Prohibited Sample Clauses

Prepayment Prohibited. Because the actual dollar amount of UIPA’s obligations hereunder cannot be ascertained with any certainty at any time, UIPA shall not be permitted to prepay its obligations hereunder.
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Prepayment Prohibited. Because the actual dollar amount of XXXX’s obligations hereunder cannot be ascertained with any certainty at any time, MIDA shall not be permitted to prepay its obligations hereunder. 8 Section II.03. Pledge of Tax Allocation Revenues. 8
Prepayment Prohibited. (a) The Borrower may not prepay the outstanding principal amount of the Term Note in full or in part.
Prepayment Prohibited. Because the actual dollar amount of District No. 1’s obligations hereunder cannot be ascertained with any certainty at any time, District No. 1 shall not be permitted at any time to prepay its obligations hereunder.
Prepayment Prohibited. Borrower may not prepay the Loan before the Maturity Date. If, notwithstanding the foregoing and in violation of this Agreement, Lender is prepaid prior to the Maturity Date, Lender’s damages for such breach shall be calculated based not only on the Fees foregone, but also on any fees, losses or expenses incurred by Lender in connection with offsetting its Hedge. Lender’s determination of any such damages shall be conclusive absent manifest error.
Prepayment Prohibited. Successor Bxxxxxxx acknowledges that the Notes may not be further prepaid following consummation of the Defeasance and the release of the Mortgaged Property.
Prepayment Prohibited. Tenant may not prepay any sums due --------------------- hereunder more than one month in advance.
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Prepayment Prohibited. The Borrower may not prepay all or any part of the principal or interest owed under the Loan, except to the extent conversion by the Lender constitutes prepayment.

Related to Prepayment Prohibited

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Prepayment Penalty Each Mortgage Loan that is subject to a Prepayment Penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to each Mortgage Loan that has a Prepayment Penalty feature, each such Prepayment Penalty is enforceable and will be enforced by the Seller during the period the Seller is acting as Interim Servicer for the benefit of the Purchaser, and each Prepayment Penalty is permitted pursuant to federal, state and local law. Each such Prepayment Penalty is in an amount not more than the maximum amount permitted under applicable law and no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated prior to October, 1, 2002. With respect to Mortgage Loans originated on or after October 1, 2002, the duration of the Prepayment Penalty period shall not exceed three (3) years from the date of the Mortgage Note unless the Mortgage Loan was modified to reduce the Prepayment Penalty period to no more than three (3) years from the date of the related Mortgage Note and the Mortgagor was notified in writing of such reduction in Prepayment Penalty period. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the Mortgage Loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the Mortgage Loan's origination, the Mortgagor was offered the option of obtaining a mortgage loan that did not require payment of such a premium, and (iii) the Prepayment Penalty is disclosed to the Mortgagor in the mortgage loan documents pursuant to applicable state, local and federal law. This representation and warranty is a Deemed Material and Adverse Representation;

  • Prepayment of the Loan The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date.

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