XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of Principal at any time before they are due. A payment of Principal only is known as a “Prepayment.” When I make a Prepayment, I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes.
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only before it is due is known as a “Prepayment.” When I make a Prepayment, I will notify the Note Holder in writing that I am doing so. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest, if any, on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the Maturity Date unless the Note Holder agrees in writing to those changes.
XXXXXXXX’S RIGHT TO PREPAY. Borrower may pay without penalty, all or a portion of the amount owed earlier that it is due. Any prepayment shall be first applied against any accrued and unpaid interest and then to reduce the amount of principal due under this Note.
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only before it is due is known as a “Prepayment.” When I make a Prepayment, I will notify the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the Monthly Payments then due under this Note. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest, if any, on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the due date or in the amount of my Monthly Payment unless the Note Holder agrees in writing to those changes. If applicable law sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then (a) any such loan charge will be reduced by the amount necessary to reduce the charge to the permitted limit, and (b) any sums already collected from me that exceeded permitted limits will be refunded to me. The Note Holder may choose to make this refund by reducing the Principal I owe under this Note or by making a direct payment to me. If a refund reduces Principal, the reduction will be treated as a partial Prepayment.
XXXXXXXX’S RIGHT TO PREPAY. I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment." When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes.
XXXXXXXX’S RIGHT TO PREPAY. A Borrower receiving monthly payments under the Loan Agreement has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty on the first day of any month. Otherwise, a Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty after giving Lender two weeks notice. Any amount of debt prepaid will first be applied to reduce the principal balance of this Note and then to reduce the principal balance of the First Note. All prepayments of the principal balance shall be applied by Xxxxxx as follows:
XXXXXXXX’S RIGHT TO PREPAY. In accordance with the provisions of the Loan Agreement, Borrower shall have the right to make payments of Principal at any time before they are due. A payment of Principal only is known as a “Prepayment.” Borrower hereby acknowledges that any full Prepayment or partial Prepayments may be subject to a Prepayment charge as described in the Loan Agreement. If Xxxxxxxx makes a partial Prepayment, there will be no changes in the due dates of Borrower’s monthly payment unless the Note Holder agrees in writing to those changes.
XXXXXXXX’S RIGHT TO PREPAY. Borrower has the right to make payments of principal at any time before the Maturity Date. Provided, however, that Xxxxxxxx acknowledges that prepayment of this Note does not affect Borrower’s obligation under the Regulatory Agreement and affordability covenants, which shall remain for a period of twenty (20) years from Project Completion. Borrower may make a full prepayment or partial prepayments without paying any prepayment charge. Lender will use all prepayments to reduce the amount of principal that is owed under this Note. If Xxxxxxxx makes a partial prepayment, there will be no changes in the Maturity Date unless the Lender agrees in writing to those changes.
XXXXXXXX’S RIGHT TO PREPAY. A Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty on the first day of any month. Otherwise, a Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty after giving Lender two weeks notice. Any amount of debt prepaid will be applied to reduce the principal balance of this Note. All prepayments of the principal balance shall be applied by Xxxxxx as follows: First, to that portion of the principal balance representing aggregate payments for mortgage insurance premiums; Second, to that portion of the principal balance representing aggregate payments for servicing fees; Third, to that portion of the principal balance representing accrued interest due under the Note; and Fourth, to the remaining portion of the principal balance.
XXXXXXXX’S RIGHT TO PREPAY. Borrower has the right to make payments of principal at any time before they are due. A payment of principal only is known as a "prepayment". When Xxxxxxxx makes a
