Common use of Prepayment Permitted Clause in Contracts

Prepayment Permitted. Borrower has the right to prepay the Loan, in whole or in part, without premium or penalty, provided that Borrower must pay, together with any such prepayment, all accrued but unpaid interest upon the principal so prepaid. Amounts prepaid cannot be reborrowed.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement