Common use of Optional and Mandatory Prepayment Clause in Contracts

Optional and Mandatory Prepayment. At any time prior to the Maturity Date the Borrower shall have the right to make full or partial payments of the unpaid principal balance and the Interest payable under this Note (“Prepayment”); provided that in the event any principal balance is prepaid prior to the six-month anniversary of the Closing Date, the total amount of Interest that shall be paid with respect to the portion of the principal amount so prepaid (including any previous payments of Interest) shall be equal to six months of Interest.

Optional and Mandatory Prepayment. At any time prior to the Maturity Date the Borrower shall have the right to make full or partial payments of the unpaid principal balance and the Interest payable under this Note (“Prepayment”); provided that . The Borrower shall prepay the Note in the event any principal balance is prepaid prior to the six-month anniversary full out of the Closing Date, the total amount proceeds of Interest that shall be paid a new debt or equity capital raise with respect to the portion net proceeds of the principal amount so prepaid (including any previous payments of Interest) shall be equal to six months of Interestmore than $2,000,000.