Prepayment Contract Clauses (1,405)

Prepayment. Although there is no obligation to do so, any Merchant may prepay any amount towards the Receivables Purchased Amount. There will be no penalty for any prepayment made by any Merchant. Any Merchant may elect to terminate this Agreement by prepaying LG the amount of the balance of the Receivables Purchased Amount at that time. I have read and agree to the terms and conditions set forth above: Name: Christin L. Hemmens Title: Director Date: 4/12/2022 STANDARD MERCHANT CASH ADVANCE AGREEMENT 6. Mer...chant Deposit Agreement. Merchant(s) shall appoint a bank acceptable to LG, to obtain electronic fund transfer services and/or "ACH" payments. Merchant(s) shall provide LG and/or its authorized agent with all of the information, authorizations, and passwords necessary to verify each Merchant's Receivables. Merchant(s) shall authorize LG and/or its agent(s) to deduct the amounts owed to LG for the Receivables as specified herein from settlement amounts which would otherwise be due to each Merchant and to pay such amounts to LG by permitting LG to withdraw the Specified Percentage by ACH debiting of the account. The authorization shall be irrevocable absent LG's written consent. View More

Prepayment. Borrower may, at its sole option, without premium or penalty (other than any applicable Loan Premium), prepay all or any part of the principal of this Note, together with all accrued but unpaid interest thereon and any applicable Loan Premium, before the Maturity Date. Any principal on this Note prepaid by Borrower may not be reborrowed by Borrower.

Prepayment. The Maker may not prepay any outstanding principal balance of this Note in whole or in part at any time without the advance written consent of the Payee, which may be withheld by the Payee for any reason or no reason.

Prepayment. This Note may be prepaid, in whole or in part, without penalty with five days prior written notice to the Noteholder.

Prepayment. Debtor shall have the right to prepay, at any time and from time to time, without fee, premium or penalty (except as noted below), any portion of the outstanding principal balance hereof, provided that Debtor shall provide FIVE (5) days prior written notice to Lender of prepayment of the entire Note. Any such prepayment shall also include (a) any and all accrued but unpaid interest on the amount of principal being so 2 prepaid through and including the date of prepayment, plus any other sums whi...ch have become due to Lender under the other Loan Documents on or before the date of prepayment, but which have not been fully paid and (b) any Funding Indemnification. Prepayments of principal will be applied in inverse order of maturity. "Funding !11de11111ification" means an amount (which shall be payable on demand by Lender) necessary to promptly compensate Lender for, and hold it harmless from, any loss, cost or expense incurred by it as a result of any payment or prepayment of any part of the Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise), including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such portion or from fees payable to terminate the deposits from which such funds were obtained. Debtor shall also pay any customary administrative fees charged by Lender in connection with the foregoing. For purposes of calculating amounts payable by Debtor to Lender hereunder, Lender shall be deemed to have funded the Loan by a matching deposit or other borrowing in the London inter-bank market for a comparable amount and for a comparable period, whether or not such Loan was in fact so funded. View More

Prepayment. Maker may, at any time, prepay the outstanding balance of principal and interest due under this Promissory Note in whole or in part, without premium or penalty. In the event of prepayment, there shall become due and payable an amount equal to all accrued interest attributable to that portion of the outstanding principal balance of the Promissory Note being prepaid at that time. Partial prepayments shall not defer the due dates for, or the amounts of, succeeding payments. By its execution hereof,... Maker agrees that it shall endeavor to make principal and/or accrued interest payments on this Promissory Note prior to the due dates set forth herein if in Maker's good faith determination it has the financial wherewithal to make such prepayments. View More