Optional Prepayment in Cash. The Borrower shall have the option of prepaying any outstanding principal and interest on this Note, without premium or penalty. Except as part of the Permissible Debt Repayment, prepayment hereunder shall not be made before NJEDA has been repaid all debt owed to it by Borrower or unless NJEDA in its sole discretion has otherwise provided prior written approval of such prepayment.
Appears in 2 contracts
Sources: Promissory Note (X-Factor Communications Holdings, Inc.), Promissory Note (X-Factor Communications Holdings, Inc.)