Common use of Prepayment Right Clause in Contracts

Prepayment Right. The Maker has the right to prepay this Note in lawful money of the United States with the written consent of the Holder. If this Note is prepaid in lawful money of the United States prior to an IPO, the payment amount shall equal 110% of the Principal Amount.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Ideal Power Inc.), Ideal Power Inc., Ideal Power Inc.

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Prepayment Right. The Maker has the right to prepay this Note in lawful money of the United States with the written consent of the Holder. If this Note is prepaid in lawful money of the United States prior to an IPO, the payment amount shall equal 110% of the Principal Amount.

Appears in 2 contracts

Samples: Security Agreement (Ideal Power Inc.), Ideal Power Inc.

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Prepayment Right. The Maker has the right to prepay this Note in lawful money of the United States with the written consent of the Holder. If this Note is prepaid in lawful money of the United States prior to an IPOa Public Offering, the payment amount shall equal 110% of the Principal Amount.

Appears in 1 contract

Samples: COPsync, Inc.

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