Common use of Repayment of Credit Line Clause in Contracts

Repayment of Credit Line. Prior to the Maturity Date, Borrower may borrow, prepay and reborrow under the Credit Line. The outstanding balance of the Credit Line shall be due and payable on or before the Maturity Date, subject to acceleration as herein provided. Borrower shall pay principal balance, interest at the prime rate as of the date of the delivery of the Notice of Borrowing, and all other amounts payable hereunder without any deduction whatsoever, including, but not limited to, any deduction for any setoff or counterclaim, all of which are hereby waived. Any prepayment of principal shall be accompanied by accrued and unpaid interest on the amount prepaid to the date of such prepayment.

Repayment of Credit Line. Prior to the Maturity Date, Borrower may borrow, prepay and reborrow under the Credit Line. The outstanding balance of the Credit Line shall be due and payable on or before the Maturity Date, subject to acceleration as herein provided. Borrower shall pay principal balanceprincipal, interest at the prime rate as of the date of the delivery of the Notice of Borrowinginterest, and all other amounts payable hereunder without any deduction whatsoever, including, but not limited to, any deduction for any setoff or counterclaim, all of which are hereby waived. Any prepayment of principal shall be in an amount of $100,000 or even multiples thereof, and shall be accompanied by accrued and unpaid interest on the amount prepaid to the date of such prepayment.

Repayment of Credit Line. Prior to the Maturity Date, Borrower may borrow, prepay and reborrow under the Credit Line. The outstanding balance of the Credit Line shall be due and payable on or before the Maturity Date, subject to acceleration as herein provided. Borrower shall pay principal balance, interest at the prime rate 4% annual as of the date of the delivery of the Notice of Borrowing, and all other amounts payable hereunder without any deduction whatsoever, including, but not limited to, any deduction for any setoff or counterclaim, all of which are hereby waived. Any prepayment of principal shall be accompanied by accrued and unpaid interest on the amount prepaid to the date of such prepayment.