Examples of Prepayment Factor in a sentence
Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first six (6) months from Note’s Issue Date, such Redemption Amount shall subject to then then applicable Prepayment Factor, as defined in the Note shall be applied).
Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first one hundred eighty (180) calendar days from Issue Date of the Note, such Redemption Amount shall subject to then then applicable Prepayment Factor, as defined in the Note shall be applied).
For purposes hereof, the " Prepayment Factor" shall equal one hundred and fifty percent (150%), provided that such Prepayment factor shall equal one hundred and thirty five percent (135%) if the Optional Prepayment Date occurs on or before the date which is ninety (90) days following the Issue Date here of.
If the Equipment Note is prepaid for any reason except in accordance with Section 2.4, the Borrowers shall pay to the Lender a fee in an amount equal to the Prepayment Factor multiplied by the amount prepaid.
If the Borrower exercises its right to prepay the Note in accordance with this Section 1.9, the Borrower shall make payment to the Holder of an amount in cash equal to the sum of: (w) the Prepayment Factor (as defined below) multiplied by the Principal Amount then outstanding plus (x) the Prepayment Factor multiplied by the accrued and unpaid interest on the Principal Amount to the Optional Prepayment Date.