Common use of Prepayment; Redemption Clause in Contracts

Prepayment; Redemption. At any time prior to the first annual anniversary of the Issuance Date, the Borrower may, at its sole discretion and upon twenty (20) days prior written notice to the Holder, prepay/redeem the Note A in an amount equal to one hundred percent (100%) of the face value of the Note A. There will be no prepayment penalty of the Note A.

Appears in 1 contract

Sources: Stock Purchase Agreement

Prepayment; Redemption. At any time prior to the first annual anniversary of the Issuance Date, the Borrower may, at its sole discretion and upon twenty (20) days prior written notice to the Holder, prepay/redeem the Note A B in an amount equal to one hundred percent (100%) of the face value of the Note A. B. There will be no prepayment penalty of the Note A.B.

Appears in 1 contract

Sources: Stock Purchase Agreement