Principal Payments and Prepayments. The outstanding principal amount of each Advance, with interest accrued and unpaid thereon, shall be payable in full upon the earliest to occur of (a) the Settlement Date of the Pledged Mortgage Loan; (b) the Maturity Date; (c) the occurrence of any Acceleration Event with respect to such Advance; or (d) the expiration or termination of this Agreement. Borrower may prepay any Advance hereunder in whole or in part at any time, without payment of any pre-payment penalty or premium, and such prepaid sums shall thereafter be available to be reborrowed by Borrower under the terms and conditions of this Agreement.
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (ECC Capital CORP), Credit and Security Agreement (Fieldstone Investment Corp), Revolving Credit and Security Agreement (Aames Financial Corp/De)
