Common use of Optional Prepayment Clause in Contracts

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowed.

Appears in 4 contracts

Sources: Unsecured Promissory Note (Unrivaled Brands, Inc.), Unsecured Promissory Note (Unrivaled Brands, Inc.), Unsecured Promissory Note (Terra Tech Corp.)

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowed.

Appears in 3 contracts

Sources: Amendment and Extension Agreement (Black Titan Corp), Promissory Note (Sire Group Ltd.), Amendment and Extension Agreement (Titan Pharmaceuticals Inc)

Optional Prepayment. The Maker Borrower may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowedreborrowed.

Appears in 3 contracts

Sources: Promissory Note (PLC Systems Inc), Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc)

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount Prepaid amounts may not be re-borrowed.

Appears in 2 contracts

Sources: Purchase, Contribution and Assumption Agreement (Royalty Flow Inc.), Purchase, Contribution and Assumption Agreement (Royalty Flow Inc.)

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowedreborrowed.

Appears in 2 contracts

Sources: Convertible Bridge Note (NovelStem International Corp.), Debt Consolidation Agreement (Hawkeye Systems, Inc.)

Optional Prepayment. The Maker Borrower may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowed.

Appears in 2 contracts

Sources: Promissory Note (Urban-Gro, Inc.), Promissory Note (Armada Water Assets Inc)

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time prior to the Maturity Date without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowed.

Appears in 2 contracts

Sources: Unsecured Promissory Note (Oragenics Inc), Unsecured Promissory Note

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowedreborrowed; provided that Maker may not prepay the Loan unless (i) the Lenders have been paid in full or (ii) such prepayment has been approved by the Required Lenders, as defined in the Credit Agreement.

Appears in 1 contract

Sources: Secured Promissory Note (Unique Fabricating, Inc.)

Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment; provided that Maker may not prepay the Loan unless (i) the Lenders have been paid in full or (ii) such prepayment has been approved by the Required Lenders, as defined in the Credit Agreement. No prepaid amount may be re-borrowedreborrowed.

Appears in 1 contract

Sources: Secured Promissory Note (Unique Fabricating, Inc.)

Optional Prepayment. The Maker Borrower, at its discretion, may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with at least one year of interest as calculated under this Note, in lieu of the accrued interest thereon to the date of prepayment. No prepaid amount may be re-borrowedreborrowed.

Appears in 1 contract

Sources: Secured Promissory Note (Advanced Cannabis Solutions, Inc.)