Common use of Arrears Clause in Contracts

Arrears. 8.1 In the event that your loan account goes into arrears we reserve the right to apply the standard variable loan rate to the balance outstanding. 8.2 The loan and any interest relating to the loan is immediately repayable in the event of your bankruptcy, death or contractual incapacity.

Appears in 19 contracts

Samples: Self Care Loan Agreement, Education Support Loan, General Loan Agreement

AutoNDA by SimpleDocs

Arrears. 8.1 In the event that your loan account goes into arrears we reserve the right to apply the standard variable loan rate to the balance outstanding. 8.2 Any residual balance on the loan account will be then charged at the standard variable loan rate. 8.3 The loan and any interest relating to the loan is immediately repayable in the event of your bankruptcy, death or contractual incapacity.

Appears in 4 contracts

Samples: Covered/Secured Loan Agreement, Covered/Secured Loan Agreement, Covered/Secured Loan Agreement

AutoNDA by SimpleDocs

Arrears. 8.1 In the event that your loan account goes into arrears we reserve the right to apply will continue applying the standard variable loan rate to the balance outstanding. 8.2 The loan and any interest relating to the loan is immediately repayable in the event of your bankruptcy, death or contractual incapacity.

Appears in 2 contracts

Samples: Education Support Loan, General Loan Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!