Common use of Payment and Prepayment Clause in Contracts

Payment and Prepayment. All payments and prepayments of principal of ---------------------- and interest on this Secured Non-Recourse Note shall be made to the Company or its order, or to the legal holder of this Secured Non-Recourse Note or such holder's order, in lawful money of the United States of America at the principal offices of the Company (or at such other place as the holder hereof shall notify the Borrower in writing). The Borrower may, at his option, prepay this Secured Non-Recourse Note in whole or in part at any time or from time to time without penalty or premium. Any prepayments of any portion of the principal amount of this Secured Non-Recourse Note shall be accompanied by payment of all interest accrued but unpaid hereunder. Upon final payment of principal of and interest on this Secured Non-Recourse Note it shall be surrendered for cancellation. The Pledge Agreement requires payment or prepayment of all obligations under this Secured Promissory Note as a condition precedent to the release of, or transfer of the Borrower's interests in, the collateral subject to the Pledge Agreement, all as described more fully in the Pledge Agreement.

Payment and Prepayment. All payments and prepayments of principal of and ---------------------- and interest on this Secured Non-Recourse Note shall be made to the Company or its order, or to the legal holder of this Secured Non-Recourse Note or such holder's order, in lawful money of the United States of America at the principal offices of the Company (or at such other place as the holder hereof shall notify the Borrower in writing). The Borrower may, at his option, prepay this Secured Non-Recourse Note in whole or in part at any time or from time to time without penalty or premium. Any prepayments of any portion of the principal amount of this Secured Non-Recourse Note shall be accompanied by payment of all interest accrued but unpaid hereunder. Upon final payment of principal of and the interest on this Secured Non-Recourse Note it shall be surrendered for cancellation. The Pledge Agreement requires payment or prepayment of all obligations under this Secured Promissory Note as a condition precedent to the release of, or transfer of the Borrower's interests in, the collateral subject to the Pledge Agreement, all as described more fully in the Pledge Agreement.

Payment and Prepayment. All payments and prepayments of principal of and ---------------------- and interest on this Secured Non-Recourse Note shall be made to the Company or its order, or to the legal holder of this Secured Non-Recourse Note or such holder's order, in lawful money of the United States of America at the principal offices of the Company (or at such other place as the holder hereof shall notify the Borrower in writing). The Borrower may, at his option, prepay this Secured Non-Non- Recourse Note in whole or in part at any time or from time to time without penalty or premium. Any prepayments of any portion of the principal amount of this Secured Non-Recourse Note shall be accompanied by payment of all interest accrued but unpaid hereunder. Upon final payment of principal of and interest on this Secured Non-Recourse Note it shall be surrendered for cancellation. The Pledge Agreement requires payment or prepayment of all obligations under this Secured Promissory Note as a condition precedent to the release ofTHE PLEDGE AGREEMENT REQUIRES PAYMENT OR PREPAYMENT OF ALL OBLIGATIONS UNDER THIS SECURED PROMISSORY NOTE AS A CONDITION PRECEDENT TO THE RELEASE OF, or transfer of the Borrower's interests inOR TRANSFER OF THE BORROWER'S INTERESTS IN, the collateral subject to the Pledge AgreementTHE COLLATERAL SUBJECT TO THE PLEDGE AGREEMENT, all as described more fully in the Pledge AgreementALL AS DESCRIBED MORE FULLY IN THE PLEDGE AGREEMENT.