Prepayment Contract Clauses (1,405)

Prepayment. Borrower reserves the right to prepay, prior to maturity, all or any part of the principal of this Note without penalty. Any prepayments shall be applied first to accrued interest and then to principal. Borrower will provide written notice to the holder of this Note of any such prepayment of all or any part of the principal at the time thereof. All payments and prepayments of principal or interest on this Note shall be made in lawful money of the United States of America in immediately available... funds, at the address of Lender indicated above, or such other place as the holder of this Note shall designate in writing to Borrower. All partial prepayments of principal shall be applied to the last installments payable in their inverse order of maturity. View More

Prepayment. Payor may not prepay this Note prior to the Maturity Date without the consent of the Holder, except to the extent permitted pursuant to Section 2(c) and Section 2(d) hereof.

Prepayment. The Debtor shall be entitled to prepay the principal amount of this Note (in whole or in part) together with all interest under this Note accrued and unpaid at the date of prepayment at any time without penalty or premium upon five (5) days prior written notice to the Holder. The Debtor shall be obligated to effect such prepayment within three (3) days after the end of such notice period.

Prepayment. The Growth Capital Loans may be prepaid as provided in this Section 2 only. Borrower may prepay all, but not less than all, outstanding Growth Capital Loans in whole, but not in part, at any time upon no less than five (5) Business Days' prior written notice to the Lender, by tendering to Lender a cash payment in respect of such Loans in an amount determined by Lender equal to the sum of: (i) the aggregate outstanding principal amount of such Loans; (ii) the accrued and unpaid interest on such L...oans as of the date of prepayment; (iii) the Prepayment Fee; and (iv) the Final Payment; provided that, if Lender has not yet exercised its rights under Section 3(c) hereof, Borrower shall provide written notice of prepayment at least ten (10) days in advance of the proposed prepayment date and Lender shall have the option, with respect to the Conversion Option, to exercise its rights pursuant to Section 3(c) hereof by delivering written notice to Borrower at least two (2) Business Days in advance of the proposed prepayment date; provided, further, that Lender's failure to deliver such notice shall be deemed a waiver of Lender's rights pursuant to Section 3(c) hereof and such conversion right shall terminate. View More

Prepayment. The Company may, at its option, at any time and from time to time, prepay all or any part of the principal balance of this Note, without penalty or premium, provided that concurrently with each such prepayment the Company shall pay accrued interest on the principal, if any, so prepaid to the date of such prepayment.

Prepayment. Maker may prepay all or any portion of the Principal Amount and accrued and unpaid interest, in whole or in part, without penalty.

Prepayment. From and after the date hereof, Maker shall have the option to prepay, in whole or in part, the principal balance of this Note. There is no prepayment penalty.

Prepayment. Prepayments may be made in whole or in part at any time without premium or penalty.

Prepayment. (a) Optional Prepayments. The Maker may prepay this Note in whole or in part at any time or from time to time prior to the Maturity Date without penalty or premium by paying the principal amount to be prepaid together with all Interest accrued thereon (if any) to the date of prepayment. (b) Mandatory Prepayments. Upon the recovery by the Maker, any of its affiliates or WLES, of any cash damages in connection with a pending litigation with Valley National Bank captioned American Express Travel Re...lated Services and JetPay Merchant Services, LLC v. Valley National Bank, Civil Action No. 2:14-cv-7827 (D. N.J.), the Maker will immediately pay over such amount to the Holder as a pre-payment of its obligations hereunder. In addition, if the Maker shall enter into any refinancing, restructuring or other similar agreement relating to more than 50% of its debt, on a date that is prior to the Maturity Date (the "Refinancing Date"), then the Maker will pre-pay the entire outstanding principal amount of this Note, all accrued Interest and all other amounts owed to the Holder hereunder, on or before the Refinancing Date 4. Other Payment Provisions. The Maker shall make each payment and pre-payment hereunder not later than 1:00 P.M. (Eastern time) on the day when, without offset, in lawful money of the United States of America to the Holder by wire transfer of immediately available funds to the Holder's account in accordance with wire transfer instructions to be provided by the Holder to the Maker from time to time. All payments will be applied first to costs and fees owing hereunder, second to the payment of Interest accrued hereunder through the date of payment and third to the payment of principal hereof, in such order as Holder may determine in its sole discretion. If the date for any payment hereunder falls on a day other than a Business Day, then for all purposes of this Note the same shall be deemed to have falen on the next following Business Day, and such extension of time shall in such case be included in the computation of payments of interest. As used herein, "Business Day" shall mean a day other than a Saturday, Sunday or other day on which commercial banks in New York, NY are authorized or required by law to be closed. View More

Prepayment. Maker may prepay all or any portion of the interest and the unpaid principal balance of this Note at any time, or from time to time, without penalty or premium.