Notes Repayment of Notes Clause Samples

The "Notes; Repayment of Notes" clause defines the borrower's obligation to repay the principal and interest on promissory notes issued under a loan agreement. It typically outlines the schedule, method, and conditions for repayment, such as due dates, acceptable payment methods, and any provisions for early repayment or prepayment penalties. This clause ensures that both parties have a clear understanding of the repayment terms, thereby reducing the risk of disputes and providing certainty regarding the lender's right to receive timely payments.