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. 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 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. 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. LOAN CHARGES 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 Xxxxxx two weeks notice. Any amount of debt prepaid first will 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. Xxxxxxxx has the right to make payments of Principal at any time before they are due. An early payment of Principal only is known as a “Prepayment.” When Xxxxxxxx makes a Prepayment, Borrower will notify the Lender in writing that Xxxxxxxx is doing so. Borrower may not designate a payment as a Prepayment if Borrower has not made all the payments due under the Note or if Borrower has any charges from the Utility outstanding for electric or gas service. Borrower may not make a Prepayment by making an additional payment on the utility bill. In order to make a full or partial Prepayment, Borrower must contact the Lender by telephone at 0-000-000-0000, by email at xxxxxxxxxxx@xxxxxxx.xxx, or by mail at the address noted in Section 8 of this document. The Lender or the Lender's loan servicer will confirm Borrower's eligibility for Prepayment and provide Borrower with Prepayment instructions. Borrower may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Lender will use any partial Prepayments to reduce the amount of Principal that Borrower owes under this Note. However, the Lender may apply a Prepayment to any billed and unpaid Principal, interest, or fees due on this Note before applying a Prepayment to reduce the Principal amount of the Note. If Borrower makes a partial Prepayment, there will be no changes in the amount of the NYSERDA Loan Installment but the number of remaining NYSERDA Loan Installments and/or the amount of the final payment will be reduced. If Xxxxxxxx makes a full Prepayment of the Note, the Lender or the Lender’s loan servicer shall provide Borrower with a loan payoff amount comprised of the Principal that is owed under this Note, plus any billed and unpaid interest or fees, plus any billed and unpaid late charges. Borrower will make any full or partial Prepayment directly to the Lender’s loan servicer using instructions provided.
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 dates of my monthly payments unless the Note Holder agrees in writing to those changes. My partial prepayment may reduce the amount of my monthly payments after the first Change Date following my partial prepayment. However, any reduction due to my partial prepayment may be offset by an interest rate increase.
XXXXXXXX’S RIGHT TO PREPAY. The Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty. If the Borrower makes a partial prepayment, there will be no changes in the due date or in the amount of the monthly payment unless the Lender agrees in writing to those changes.
