Common use of Changes to this Agreement Clause in Contracts

Changes to this Agreement. (a) No change to this Agreement will be effective unless the change is made in writing agreed between us, you and the Guarantor (if there is a Guarantor), except for the changes listed in sub-paragraph (b) below. (b) The following changes will be effective on the date we tell you they are effective: (i) Changes to comply with law: We can make any changes to the Agreement that we reasonably believe are: · sensible or necessary in order to comply with applicable law; · sensible or necessary to correct a manifest error or omission; or · of a technical or administrative nature and will not prejudice or disadvantage you or the Guarantor in any material respect. (ii) Changes to fees you must pay: We can change any of the fees you have to pay us or introduce any new fee at any time. (iii) Changes to the Annual Interest Rate: We can increase the Annual Interest Rate you pay if our costs of borrowing materially increase at any time due to a change in funding market conditions, or on any Payment Date that falls 60 months or more after the day you receive the Loan under clause 2.1 if this is necessary for us to maintain our rate of return on the Loan.

Changes to this Agreement. (a) No change to this Agreement will be effective unless the change is made in writing agreed between us, you and the Guarantor (if there is a Guarantor), except for the changes listed in sub-paragraph (b) below. (b) The following changes will be effective on the date we tell you they are effective: (i) Changes as a result of an Annual Review: Where we determine, as a result of any Annual Review, that changes to your Loan should be made, we reserve the right to make those changes in accordance with the Annual Review section in the Commercial Terms. (ii) Changes to comply with law: We can make any changes to the Agreement that we reasonably believe are: · sensible or necessary in order to comply with applicable law; · sensible or necessary to correct a manifest error or omission; or · of a technical or administrative nature and will not prejudice or disadvantage you or the Guarantor in any material respect. (iiiii) Changes to fees you must pay: We can change any of the fees you have to pay us or introduce any new fee at any time. (iiiiv) Changes to the Annual Interest Rate: We can increase the Annual Interest Rate you pay if our costs of borrowing materially increase at any time due to a change in funding market conditions, or on any Payment Date that falls 60 months or more after the day you receive the Loan under clause 2.1 if this is necessary for us to maintain our rate of return on the Loan.

Changes to this Agreement. (a) No change to this Agreement will be effective unless the change is made in writing agreed between us, you and the Guarantor (if there is a Guarantor), except for the changes listed in sub-paragraph (b) below. (b) The following changes will be effective on the date we tell you they are effective: (i) Changes as a result of an Annual Review: Where we determine, as part of any Annual Review, that changes to your Loan should be made, we reserve the right to make those changes in accordance with the Annual Review section in the Commercial Terms. (ii) Changes to comply with law: We can make any changes to the Agreement that we reasonably believe are: · • sensible or necessary in order to comply with applicable law; · • sensible or necessary to correct a manifest error or omission; or · • of a technical or administrative nature and will not prejudice or disadvantage you or the Guarantor in any material respect. (iiiii) Changes to fees you must pay: We can change any of the fees you have to pay us or introduce any new fee at any time. (iiiiv) Changes to the Annual Interest Rate: We can increase the Annual Interest Rate you pay if our costs of borrowing materially increase at any time due to a change in funding market conditions, or on any Payment Date that falls 60 months or more after the day you receive the Loan under clause 2.1 if this is necessary for us to maintain our rate of return on the Loan.