Common use of Principal Prepayments Clause in Contracts

Principal Prepayments. Principal of this Note may be repaid in whole or in part without penalty or premium at any time prior to the Maturity Date; provided, however, that the Lender shall have no obligation to advance, and Borrower shall have no right to re-borrow, any amounts so repaid. All payments of principal and interest and any other sums due under this Note shall be made to the Bank at 000 Xxxxxxx Xxxx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxxx 00000, or to such other person or at such other address as may be designated in writing by the holder of this Note.

Principal Prepayments. Principal of this Note may be repaid in whole or in part without penalty or premium at any time prior to the Maturity Date; provided, however, that the Lender shall have no obligation to advance, and Borrower shall have no right to re-borrow, any amounts so repaidrepaid except pursuant to the express terms of this Note and the other Loan Documents. All payments of principal and interest and any other sums due under this Note shall be made to the Bank at 000 Xxxxxxx Xxxx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxxx 00000, or to such other person or at such other address as may be designated in writing by the holder of this Note.