Prepayment Requirements. PAYMENT AGREEMENT: We agree that upon confirmation full payment of rental charges and prepaid items, plus tax if applicable, is due to El Monte RV a minimum of 30 days prior to departure. All prepaid items must be requested at the time of reservation. We agree that if for any reason El Monte RV has not received payment prior to departure date the booking will be cancelled and clients will not be allowed to pick up the rental unit. We agree that if payment is made by bank transfer sufficient time must be allowed for processing. Payment must be received by El Monte RV’s financial institution 30 days prior to customer’s departure date. We agree also that the bank service fees or wire transfer fees are the responsibility of the Tour Operator and not El Monte RV. We understand that for any open balances El Monte RV will charge a 2% surcharge. We agree that there are no exceptions to any of these policies. Signature required:
Prepayment Requirements. Each prepayment of the Loan made pursuant to this Section 3.2 shall be without premium or penalty, except as may be required by Section 4.4. No amounts prepaid by the Borrower may be re-borrowed under the terms of this Agreement.
Prepayment Requirements. All voluntary prepayments of the Loans hereunder shall be made upon not less than two (2) Business Days' prior written notice to the Administrative Agent, provided that (i) any such prepayment shall be in an aggregate principal amount equal to either (A) the then outstanding principal amount of the Loans or (B) an amount that is $500,000 or a greater amount which is an integral multiple thereof, and (ii) any such payment shall be accompanied by any indemnification payments due in accordance with SECTION 1.12 in respect of any Loans so prepaid. Each notice of prepayment shall specify the prepayment date and the aggregate principal amount of the Loans to be prepaid.
Prepayment Requirements. (a) The Lenders and Borrower hereby confirm that Section 3.02 of the Original Agreement shall not apply to any issuance by Borrower of shares of its common stock otherwise than for cash, including without limitation, the Borrower’s recently initiated program of issuing up to 20,000,000 shares of its common stock to various parties to whom Borrower is obligated, in lieu of cash payments of such obligations.
Prepayment Requirements. (a) The Lenders and Borrower hereby confirm that Section 3.02 of the Original Agreement was not intended to apply to any closing (whether or not occurring after the issuance of the Notes) of (i) the Borrower’s private placement offering of units of its securities for $0.27 per unit, the initial closing of which occurred on April 7, 2011, or (ii) the Borrower’s warrant exercise solicitation, the initial closing of which also occurred on April 7, 2011.
Prepayment Requirements. (a) On the date on which a prepayment, voluntary or mandatory, is made, Borrower shall pay to Lender the following:
Prepayment Requirements
