Prepayment in Part Sample Clauses

The "Prepayment in Part" clause allows a borrower to pay off a portion of their outstanding loan balance before the scheduled due date. Typically, this clause outlines the conditions under which partial prepayments can be made, such as minimum payment amounts, notice requirements, or any associated fees. By enabling borrowers to reduce their debt ahead of schedule without fully settling the entire loan, this clause provides flexibility and can help reduce overall interest costs, addressing the need for adaptable repayment options.
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Prepayment in Part. Borrower shall have the right at any time to voluntarily prepay the Loan in part in increments of One Million Dollars ($1,000,000) after at least thirty (30) days prior written notice to Lender; provided that if any such prepayment is made prior to the Open Prepayment Date, prepayment shall be accompanied by the applicable Prepayment Premium calculated in accordance with Section 2.5(c). A partial prepayment shall be accompanied by the payment of all accrued and unpaid interest on the amount being prepaid. Partial prepayments shall be applied to the most remote installment and shall not reduce the amount of ongoing installment payments.
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Prepayment in Part. You may at any time prepay any part of the principal amount owing under a mortgage in excess of the percentage prepayment permitted in section
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Related to Prepayment in Part

  • Repurchase in Part Subject to the terms of this Section 4.02, Notes may be repurchased pursuant to a Repurchase Upon Fundamental Change in part, but only in Authorized Denominations. Provisions of this Section 4.02 applying to the repurchase of a Note in whole will equally apply to the repurchase of a permitted portion of a Note.

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Securities Repaid in Part Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount equal to and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid.

  • CALL-IN PAY 14.01 An employee who is called in to work outside their regularly scheduled hours shall be paid a minimum of four (4) hours pay at their applicable rate whenever there is a break between the employee's regularly scheduled hours and the work the employee is called to perform.

  • ALL-IN PAYMENTS It is agreed all-in payments breach the award and this Agreement. All-in payments to employees will not be made. Where it is alleged all-in payments are being made, the provisions of the VBIA shall apply.