Common use of Principal Prepayment Clause in Contracts

Principal Prepayment. The Borrower shall have the right, at any time and from time to time, on thirty days' prior written notice to the Lender, to prepay the Loan in whole or in part, without penalty or premium. The Borrowers shall pay accrued interest then outstanding on the Loan through the date of prepayment.

Appears in 1 contract

Sources: Credit Agreement (American Leisure Holdings Inc)

Principal Prepayment. The Borrower shall have the right, at any time and from time to time, on thirty days' prior written notice to the Lender, to prepay Prepay the Loan in whole or in part, without penalty or premium. The Borrowers shall pay accrued interest then outstanding on the Loan through the date of prepayment.

Appears in 1 contract

Sources: Credit Agreement (American Leisure Holdings Inc)

Principal Prepayment. The Borrower shall have the right, at any time and from time to time, on thirty days' prior written notice to the Lender, to prepay Prepay the Loan in whole or in part, without penalty or premium. The Borrowers shall pay accrued interest then outstanding on the Loan through the date of prepayment.or

Appears in 1 contract

Sources: Credit Agreement (American Leisure Holdings Inc)