Prepayment Clause Example from Business Contracts

Prepayment. This Note may be prepaid without the prior written consent of bBooth. If this Note is prepaid, such prepayment will be applied first to the payment of expenses due under this Note, second to interest accrued on this Note and third, if the amount of prepayment exceeds the amount of all such expenses and accrued interest, to the payment of principal of this Note.