REDEMPTION OR PREPAYMENT Sample Clauses
The Redemption or Prepayment clause defines the terms under which a borrower can repay a loan, in whole or in part, before its scheduled maturity date. This clause typically outlines any conditions, notice requirements, or fees associated with early repayment, and may specify whether prepayment is allowed at any time or only after a certain period. Its core function is to provide flexibility for the borrower to reduce debt ahead of schedule while protecting the lender from potential losses due to early repayment.
REDEMPTION OR PREPAYMENT. The notes may not be redeemed or prepaid in whole or in part at any time prior to the Stated Maturity Date.
REDEMPTION OR PREPAYMENT. This Note is subject to optional and mandatory redemption and mandatory prepayment, in each case, on the terms specified in the Financing Agreement. At any time an Event of Default exists, the draws under this Note, together with all accrued and unpaid interest and any applicable premium due, if any, may be declared or otherwise become due and payable in the manner, at the price and with the effect, all as provided in the Financing Agreement. [****] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.