PREPAYMENT TERMS Sample Clauses
The Prepayment Terms clause defines the conditions under which a borrower can pay off all or part of a loan before its scheduled due date. Typically, this clause outlines whether prepayment is allowed without penalty, or if fees or notice requirements apply, and may specify how such payments affect interest and principal balances. Its core function is to provide clarity and predictability for both parties regarding early repayment, helping to prevent disputes and manage financial planning.
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PREPAYMENT TERMS. [Reserved.]
PREPAYMENT TERMS. (a) VOLUNTARY PREPAYMENT. Maker may prepay, in connection with any Rent Commencement Date under an Equipment Schedule, the Principal outstanding hereunder at any time without premium or penalty.
PREPAYMENT TERMS. In case the monthly amount expected to be due hereunder by A&M System to IPRIS exceeds $10,000 based on recent history, PARTIES shall negotiate in good faith an adequate amount to be prepaid by A&M System on a monthly basis which will be due within two days of the first day of each month. . IPRIS will issue invoices for the prepayments at least 30 days before the due date. At the end of each month for which A&M System has made prepayments IPRIS will prepare a statement of all issued invoices in that month less the prepayment. Any balance out of this statement IPRIS will be invoiced by IPRIS to A&M System and A&M System’s payment shall be made in accordance with Chapter 2251, Texas Government Code (the “Texas Prompt Payment Act”), which shall govern remittance of payment and remedies for late payment and non-payment..
PREPAYMENT TERMS. Borrower may prepay principal of the Credit at any time, in any amount, without penalty.
PREPAYMENT TERMS. The Replacement Note or any New Replacement Note plus accrued interest may be prepaid in full at anytime without penalty.
PREPAYMENT TERMS. Maker may pay the principal amount outstanding under this Note, in whole or in part, together with any accrued and unpaid interest thereon, at any time or from time to time, without penalty or premium.
PREPAYMENT TERMS. The Loan may be prepaid, in whole or in part, at any time and from time to time without penalty.
PREPAYMENT TERMS. Borrower may prepay principal of the Credit as follows: If the original Credit amount is $10,000 or more, and there are (12) months or more remaining until maturity, Borrower shall pay to Bank a prepayment fee equal to (i) 5% of the amount prepaid if the remaining term is five or more years, (ii) 4% of the amount prepaid if the remaining term is four to five years, (iii) 3% of the amount prepaid if the remaining term is three to four years, (iv) 2% of the amount prepaid if the remaining term is two to three years, and (v) 1% of the amount prepaid if the remaining term is one to two years. All prepayments of principal shall be applied on the most remote principal installment or installments then unpaid. Borrower(s) Initials ________________
PREPAYMENT TERMS. Mortgages can generally be prepaid. Like call provisions, prepayments shorten maturity and affect pricing.
PREPAYMENT TERMS. Notwithstanding the other provisions of this Contract Manufacturing Agreement governing payments of invoices, ALCON and LIFECORE agree as follows: