Prepayment; Repayment. Each Borrower shall have the right voluntarily to prepay without penalty or premium, at any time and from time to time, all or any portion of the outstanding principal balance of any Loan to it; provided, that accrued interest upon the amount prepaid shall be paid at the time of any such prepayment; provided, further, that if any principal of a Loan is paid prior to the last day of the Interest Period therefor set forth in the books and records of the Lender and/or Schedule I hereto or any continuation thereof (whether by acceleration, prepayment or otherwise), such Xxxxxxxx also agrees to pay to the Lender such amount as is reasonably determined by the Lender to represent the aggregate losses, costs, and expenses incurred or suffered by the Lender as a result of such prepayment. A certificate of the Lender setting forth the foregoing amount shall, absent manifest error, be conclusive and binding for all purposes. The applicable Borrower shall pay the Lender the amount shown as due on any such certificate promptly upon receipt thereof. Each Loan shall be paid in full by the applicable Borrower, together with all accrued and unpaid interest thereon, in accordance with Section 12 of the Letter Agreement.
Prepayment; Repayment. Each Borrower shall have the right voluntarily to prepay without penalty or premium, at any time and from time to time, all or any portion of the outstanding principal balance of any Loan to it; provided, that accrued interest upon the amount prepaid shall be paid at the time of any such prepayment; provided, further, that if any principal of a Loan is paid prior to the Maturity Date therefor, such Borrower also agrees to pay to the Lender such amount as is reasonably determined by the Lender to represent the aggregate losses, costs, and expenses incurred or suffered by the Lender as a result of such prepayment. A certificate of the Lender setting forth the foregoing amount shall, absent manifest error, be conclusive and binding for all purposes. The applicable Borrower shall pay the Lender the amount shown as due on any such certificate promptly upon receipt thereof. Each Loan shall be paid in full by the applicable Borrower, together with all accrued and unpaid interest thereon, in accordance with Section 11 of the Letter Agreement.
Prepayment; Repayment. Loans may be prepaid, without premium or penalty at any time. Any mandatory prepayment or repayment made prior to the applicable interest due date (as described in Section 2.05(c)) shall be applied to principal of the Loan outstanding, and all prepayments or repayments made on an interest due date shall be applied first to accrued and unpaid interest, then to principal of the Loan outstanding.
Prepayment; Repayment. Borrower may prepay the outstanding principal balance under the RLOC at any time without premium or penalty, provided that (i) Borrower shall comply with the prepayment provisions set forth in the Pricing Addendum attached hereto and (ii) prepayments of all or any portion of the RLOC prior to the Termination Date shall not reduce the RLOC commitment amount and may be re-borrowed.
Prepayment; Repayment. Upon one (1) Business Day's prior written notice by Borrower to Agent, Borrower may prepay the outstanding principal balance under the Loan at any time without premium or penalty, provided that (i) prepayments prior to the Termination Date shall not reduce the Commitment and may be reborrowed; (ii) partial prepayments will be applied first to accrued interest and fees and then to outstanding Advances; (iii) prepayments shall be in amounts of $500,000 and increments of $100,000 in excess thereof; and (iv) such prepayment shall be accompanied by any amounts which may be due pursuant to Section 2.10 hereof.
Prepayment; Repayment. Notwithstanding anything to the contrary, except for pursuant to Sections 2(a)-(d) below, the Company may not prepay or repay this convertible promissory note (the “Note”) without the consent of the Holder.
Prepayment; Repayment. This Note may be prepaid (or repaid) by the Company only with the consent of (a) the Majority Investors at any time or (b) the holder of this Note at any time on or after December 31, 2023. At the time of prepayment (or repayment), if so permitted by the holder of this Note or the Majority Investors pursuant to the prior sentence, the Company will pay all accrued but unpaid interest on the portion of the principal balance prepaid (or repaid). Notwithstanding any other provision of this Note (other than Section 5), this Note may be repaid by the Company without the consent of the Majority Investors or the holder of this Note on or after December 31, 2025, provided that (i) the Company provides at least five business days prior written notice to the holder of this Note and (ii) such repayment is subject to Section 5.
Prepayment; Repayment. Each Borrower shall have the right voluntarily to prepay without penalty or premium, at any time and from time to time, all or any portion of the outstanding principal balance of any Loan to it; provided, that accrued interest upon the amount prepaid shall be paid at the time of any such prepayment; provided, further, that if any principal of a Loan is paid prior to the last day of the Interest Period therefor set forth in the books and records of the Lender and/or Schedule I hereto or any continuation thereof (whether by acceleration, prepayment or otherwise), such Xxxxxxxx also agrees to pay to the Lender such amount as is reasonably determined by the Lender to represent the aggregate losses, costs, and expenses incurred or suffered by the Lender as a result of such prepayment. A certificate of the Lender setting forth the foregoing amount shall, absent manifest error, be conclusive and binding
Prepayment; Repayment. 27 2.10 Payments. . . . . . . . . . . . . . . . . . . . . . 28 2.11
Prepayment; Repayment. Upon one (1) Business Day's prior written notice by Borrowers to Agent, Borrowers may prepay, in whole or in part, the outstanding principal balance under the Loan at any time without premium or penalty, provided that (i) any prepayment of the Loan shall be in an amount equal to $250,000 or a multiple of $250,000 in excess thereof; (ii) prepayments prior to the Termination Date shall not reduce the Commitment and may be reborrowed in accordance with this Agreement, and payments applied to amounts outstanding under the Loan after the Termination Date shall be applied in the inverse order of the installments due under Paragraph 2.5(a) hereof; and (iii) such prepayment shall include all accrued interest on the amount prepaid plus any amounts which may be due pursuant to Paragraph 2.10 hereof.
