Common use of Principal Prepayments Clause in Contracts

Principal Prepayments. The principal of this Note may be prepaid, at any time, in whole or in part, without premium or penalty, provided that such prepayment is accompanied by a simultaneous payment of all accrued and unpaid interest on this Note through the date of prepayment.

Appears in 3 contracts

Samples: Promissory Note (Adcare Health Systems, Inc), Promissory Note (Adcare Health Systems Inc), Promissory Note (Adcare Health Systems Inc)

AutoNDA by SimpleDocs

Principal Prepayments. The principal of this Note may be prepaid, at any time and from time to time, in whole or in part, without premium or penalty, provided that any such prepayment is accompanied by a simultaneous payment of all accrued and unpaid interest on this Note through to the date of such prepayment. Any amounts prepaid on this Note may not be borrowed again.

Appears in 3 contracts

Samples: Promissory Note, Promissory Note (Adcare Health Systems, Inc), Promissory Note (Adcare Health Systems, Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!