Prepayment Contract Clauses (1,405)

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

Prepayment. The Company may at any time, upon thirty (30) days written notice (each a "Prepayment Notice"), prepay all or any part of the principal balance of this Note, provided that concurrently with each such prepayment the Company shall pay accrued interest on the principal, if any, prepaid to the date of such prepayment. Any Prepayment Notice must contain the amount of principal and interest to be prepaid by the Company. The end of the thirty-day period following a Prepayment Notice shall be referred t...o as a "Prepayment Date." In the event that the Company sends a Prepayment Notice to Holder, Holder may elect prior to the Prepayment Date to convert into common stock of the Company pursuant to Section 3 hereof, all or part of the amount of principal and interest to be repaid under the Prepayment Notice instead of receiving such prepayment. 1 3. CONVERSION. The Holder of this Note is en­titled, at its option and subject to the other terms set forth herein, at any time beginning on the date hereof, and in whole or in part, to convert the outstanding principal amount of this Note, or any portion of the principal amount hereof, ­­and any accrued interest, into shares of the com­mon stock of the Company. Any amounts the Holder elects to convert will be converted into common stock at a rate of $0.20 per share. Any conversion shall be effectuated by giving a written notice ("Notice of Conversion") to the Company on the date of conversion, stating therein the amount of principal and accrued interest due to Holder under this Note being converted. Notwithstanding the foregoing, the Holder may not convert any outstanding amounts due under this Note if at the time of such conversion the amount of common stock issued for the conversion, when added to other shares of Company common stock owned by the Holder or which can be acquired by Holder upon exercise or conversion of any other instrument, would cause the Holder to own more than nine and nine-tenths percent (9.9%) of the Company's outstanding common stock. The restriction described in this paragraph may be revoked upon sixty-one (61) days prior notice from Holder to the Company. View More

Prepayment. (a) This Note may be prepaid in whole or in part at any time for cash on 15 business days' prior written notice, subject to the right of holder of the Note to convert into shares of Common Stock of the Company prior to any prepayment. The Company shall honor any Conversion Notice (as defined in Section 5) delivered by the Holder up to 10 days following the notice of prepayment. (b) All payments made on this Note shall be applied first to any interest accrued to the date of such payment with the ...remainder applied toward principal. View More

Prepayment. The Company may not prepay this Note in whole or in part, without the written consent of the Holders of at least two-thirds (2/3) of the principal amount of all then outstanding Notes issued pursuant to the 2012 Purchase Agreement; provided, however, that any such prepayment will be applied first to the payment of expenses due under the Notes, second to interest accrued on the Notes and third, if the amount of prepayment exceeds the amount of all such expenses and accrued interest, to the paymen...t of principal of the Notes, all on a pro-rata basis. View More

Prepayment. I may prepay this Note in full or in part at any time without penalty.

Prepayment. (a) This Note may be prepaid in whole or in part at any time for cash without the Holder's prior written consent. (b) All payments made on this Note shall be applied first to any interest accrued to the date of such payment with the remainder applied toward principal.

Prepayment. The Borrower may redeem the outstanding principal balance of the Note in whole or in part at any time in accordance with Section 8.1 of the Agreement; however, the Borrower shall pay to Lender a fee (the "Prepayment Penalty") equal to: (i) three percent (3%) of the principal amount being redeemed (other than scheduled principal payments) if such redemption occurs prior to the first anniversary of the Effective Date, (ii) two percent (2%) of the principal amount being redeemed (other than schedul...ed principal payments) if such redemption occurs on or after the first anniversary of the Effective Date but before the second anniversary of the Effective Date; and (iii) one percent (1%) of the principal amount being redeemed (other than scheduled principal payments) if such redemption occurs on or after the second anniversary of the Effective Date but before the third anniversary of the Effective Date and (iv) zero percent (0%) of the principal amount being redeemed if such redemption occurs on or after the third anniversary of the Effective Date. View More

Prepayment. Subject to the terms of the Subordination Agreement, this Note may be prepaid in whole or in part from time to time on and after March 13, 2016 upon 60 days' prior written notice to the Holder. Any partial prepayment shall be applied first to accrued but unpaid interest hereon, if any, with the remainder of any such prepayment being applied to the reduction of principal.

Prepayment. Borrower may prepay all or part of the principal of this Term Note at any time. Any partial prepayment will be applied to the installment or installments last falling due under this Term Note, and a partial prepayment shall not affect the amount or time of payment of preceding required installments.