Prepayment of the Note Sample Clauses

Prepayment of the Note. The Company may from time to time prepay all or any portion of the Notes and all accrued but unpaid interest thereon without premium or penalty of any type. The Company shall give the Purchasers at least three Business Days prior written notice of its intention to prepay the Notes, specifying the date of payment and the total amount of the Notes and the accrued but unpaid interest to be paid on such date. In the event that the Company elects to partially prepay the Notes, such prepayment will be made pro rata based on the principal balance of the Notes held by the Purchasers.

Prepayment of the Note. The Company shall have the right to deliver to the Holder, at any time, a notice in writing of its irrevocable election to repay some or all of the then outstanding principal amount of this Note for cash on the tenth (10th) Trading Day following the written notice of prepayment.

Prepayment of the Note. The Debt may be prepaid only if and as permitted by the Note and this Loan Agreement. Borrower may not prepay the Note, in whole or in part, except on or after February 8, 2021 during which period Borrower may prepay the Note in whole, but not in part, at par and without payment of the Prepayment Consideration. In addition, Borrower must prepay the Note in whole as follows if a Permitted Lease Termination Event occurs: (a) If an event of default occurs under Article 9 of the Lease that results in a Permitted Lease Termination Event, then Borrower must prepay the entire outstanding principal balance of the Note, together with accrued and unpaid interest thereon, Prepayment Consideration and all other amounts due and owing under the Note, this Loan Agreement and the Security Documents; and (b) If a Destruction occurs that results in a Permitted Lease Termination Event, then Borrower must prepay the entire outstanding principal balance of the Note, together with accrued and unpaid interest thereon, and all other amounts due and owing under the Note, this Loan Agreement and the Security Documents, and if and only if an Event of Default exists following such Destruction, such prepayment must also include the payment of Prepayment Consideration.

Prepayment of the Note. The Company may prepay any outstanding amounts owing under this Note, in whole or in part, at any time prior to the Maturity Date, subject to conversions by the Holder, in accordance with Section 3 of this Note.

Prepayment of the Note. The Note may not be prepaid in whole or in part, without the prior written consent of Mortgagee, except as provided in the Note.

Prepayment of the Note. (a) The Company shall not prepay the Note during the period starting on the Issuance Date and ending two years after the Issuance Date. Thereafter, the Company may prepay the Note, provided that the Company provides to the Holder written notice thereof and proof of its ability to pay at least thirty (30) Business Days prior to such prepayment. Notwithstanding the foregoing, Holder may convert the outstanding principal amount of this Note and any interest accrued thereunder pursuant to Section 3.1 below after receipt of any prepayment notice from the Company. (b) In the event of the receipt by the Company of any proceeds from any Insurance/Condemnation Award (as defined below), the Company shall, at the option of the Holder, pay the net after-tax proceeds of Insurance/Condemnation award to the Holder as payment on the principal of this Note within thirty (30) Business Days of the receipt thereof.

Prepayment of the Note. The Debt may be prepaid only if and as permitted by the Note and this Loan Agreement. Borrower may not prepay the Note, in whole or in part, except on or after July 9, 2024 during which period Borrower may prepay the Note in whole, but not in part, at par and without payment of the Prepayment Consideration. In addition, if a Permitted Lease Termination Event occurs, then Borrower must prepay the Note as follows: If a Destruction occurs that results in a Permitted Lease Termination Event, then Borrower must prepay the entire outstanding principal balance of the Note, together with accrued and unpaid interest thereon, and all other amounts due and owing under the Note, this Loan Agreement and the Security Documents.

Prepayment of the Note. Section 7. 1. Option To Prepay the Note and Terminate Loan Agreement in Certain Events. The Corporation shall have the option to prepay the Note in full and terminate this Loan Agreement at any time if one of the following has occurred: (1) Damage or destruction of the Lebanon Project by fire or other casualty to such extent that, in the opinion of both the Corporation's board of directors (expressed in a resolution) and an independent architect or engineer reasonably acceptable to the Trustee, both filed with the Trustee (A) the Lebanon Project cannot be reasonably repaired, rebuilt or restored within a period of one year to its condition immediately preceding such damage or destruction, or (B) the Corporation, the Distribution Company or the Pipeline Company is prevented from carrying on its normal operations in connection with the Lebanon Project for a period of one year, or (C) the cost of repairs, rebuilding or restoration would exceed 125% of the Net Proceeds of insurance carried thereon. (2) Loss of title to or use of substantially all of the Lebanon Project as a result of the exercise of the power of eminent domain or failure of title which, in the opinion of both the Corporation's board of directors (expressed in a resolution) and an independent architect or engineer reasonably acceptable to the Trustee, both filed with the Trustee, prevents or is likely to prevent the Corporation, the Distribution Company or the Pipeline Company from carrying on its normal operations in connection with the Lebanon Project for a period of one year. (3) A change in the Constitution of Virginia or of the United States of America or a legislative or administrative action (whether local, state or federal) or a final decree, judgment or order of any court or administrative body (whether local, state or federal) contested by the Corporation in good faith that causes this Loan Agreement or the Note to become void or unenforceable or impossible of performance in accordance with the intent and purpose of the parties as expressed therein or that causes unreasonable burdens or excessive liabilities to be imposed on the Corporation, the Distribution Company or the Pipeline Company in connection with the Lebanon Project. To exercise such option the Corporation shall within ninety (90) days after the event permitting its exercise file the required resolutions and opinions with the Authority and the Trustee and specify a date not more than sixty (60) days thereafter for making s...

Prepayment of the Note. The Issuer may not prepay the Note, in whole or in part, without the Purchaser's advance written consent, which consent shall not be unreasonably withheld or delayed. Any principal prepaid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Transaction Documents at the time of such prepayment; provided, however, that the Issuer will bear responsibility for the resulting Swap Settlement Payables associated with any Swap Agreements that must be terminated as the result of such prepayment. With respect to any Swap Agreements that are not terminated as the result of such prepayment and which the Issuer elects to maintain in effect, notwithstanding the prepayment of the Note, so long as any Swap Agreements remain outstanding, the Security Documents shall remain in force and effect (and shall be promptly amended by the Issuer and the Purchaser to the extent necessary) to secure the Issuer's obligation to pay any Swap Settlement Payables associated with such Swap Agreements. Similarly, in the event of any such prepayment after which any Swap Agreement remains outstanding, the Issuer shall be entitled to receive and retain any Swap Settlement Proceeds associated with the relevant Swap Agreement, subject to the terms of any applicable Security Documents.