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Voluntary Payment Sample Clauses

Voluntary PaymentBorrower shall have the right to pay, without premium or penalty, the whole or any part of the Loan; provided that any amount so repaid is subject to allocation as between the Loan and the other Secured Obligations (as defined in the Pledge Agreement, the “Secured Obligations”) in accordance with Section 4 of the Pledge Agreement and in no event shall Borrower have the right to dictate the order in which the Secured Obligations are paid. Any voluntary payment made by Borrower and allocated to repayment of the Loan in accordance with [Section 4] of the Credit Agreement shall be credited first to repayment of all accrued and unpaid interest on the Loan as of the date of such payment and then to the unpaid principal amount of the Loan.
Voluntary PaymentThe Company may prepay or redeem all or part of the Debenture prior to maturity hereof, without penalty, with twenty (20) days' prior written notice thereof to Holder.
Voluntary Payment. Upon five (5) days' prior written notice to the Holder, the Company may prepay the principal sum of this Debenture, at any time, in whole or in part, plus unpaid accrued interest to the date of payment.
Voluntary PaymentThe Corporation or its Subsidiaries shall not, directly or indirectly, voluntarily prepay, redeem, or otherwise retire, the whole or part of any Existing Indebtedness, prior to the payment of the Principal Amount and any accrued but unpaid interest;
Voluntary Payment. (i) Prior to June 29, 2002, the Notes will not be prepayable, except pursuant to clause (ii) of this Section 2.3(a) or pursuant to Section 2.3(b). The Company may, at its option, upon notice as provided below, prepay the Notes, in whole or in part, at any time after June 29, 2002, at the principal amount so prepaid, plus the premium (a percentage of such principal amount) applicable in accordance with the following table, depending on the date such prepayment occurs: Period Premium ------ ------- June 29, 2002 to June 28, 2003 6.25% June 29, 2003 to June 28, 2004 4.6875% June 29, 2004 to June 28, 2005 3.125% June 29, 2005 to June 28, 2006 1.5625% (ii) The Company may, at its option, upon notice as provided below, prepay the Notes, in whole (but not in part), at any time on or prior to June 29, 2002, with the Net Proceeds of Capital Stock of a Qualified Offering at the principal amount so prepaid, provided, however, that no prepayment may be made unless the Senior Loan existing on the date hereof shall have been satisfied on or prior to the date of such prepayment, plus the premium (a percentage of such principal amount) applicable in accordance with the following table, depending on the date such prepayment occurs: Period Premium ------ ------- June 29, 1999 through December 31, 1999 1% January 1, 2000 through June 28, 2000 4% June 29, 2000 through June 28, 2001 3% June 29, 2001 through June 28, 2002 2% (iii) All prepayments shall be accompanied by payment of accrued interest on the amount being prepaid through the date of prepayment and any other amounts then due to the Noteholders. Partial prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. In the case of each partial prepayment of the Notes, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment.
Voluntary PaymentThe Parties acknowledge and agree that the District Payment does not constitute a loan from the District to the City, but rather a voluntary contribution of District funds to the City to be expended by the City pursuant to this Agreement for the benefit of the District and the public.
Voluntary Payment. UPMC agrees to make monetary contributions (hereinafter referred to as “Voluntary Education Contribution Payments”) to the School District during the term of this Agreement as follows: a. $250,000 on or before July 1, 2018; b. $225,000 on or before July 1, 2019; c. $200,000 on or before July 1, 2020; d. $200,000 on or before July 1, 2021; e. $200,000 on or before July 1, 2022; f. $200,000 for each renewal year on or before July 1.
Voluntary PaymentBorrower shall have the right to pay, without premium or penalty, the whole or any part of the Loan; provided that any amount so repaid is subject to allocation as between the Loan and the other Secured Obligations (as defined in the Pledge Agreement, the
Voluntary Payment. While any amount remains outstanding under the Notes, Borrower shall not make any voluntary prepayments on any borrowed money debt or Capitalized Lease, except under a Lender Agreement.
Voluntary Payment. Nexamp agrees to make a monetary contribution (hereinafter referred to as “the Contribution”) in the amount of Seven Thousand Five Dollars ($7,500.00) to the Town within ninety (90) days from start of construction of the solar energy system. The Contribution will be paid in one payment directly to the Superintendent of the Town.