It certainly is an interesting read: http://www.sec.gov/Archives/edgar/data/1362718/000112178108000039/exhibit4two.htm That is also how most contracts default, at least in my neck of the woods. Under Texas law, a borrower has no right to prepay a loan in the absence of the contract permitting it. > Parker Plaza W. Partners v. UNUM Pension Ins. Co., 941 F.2d 349, 352 (5th Cir. 1991); > Groseclose v. Rum, 860 S.W.2d 554, 557 (Tex. App. 1993) (same).