Common use of Default interest and default fees Clause in Contracts

Default interest and default fees. a. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate shown in the disclosure statement. You must pay default interest from the date you fall into financial default until you are no longer in financial default. However we will not charge default interest on any part of the unpaid balance after we have accelerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. b. If you are in any default at all you must pay default fees. You must pay default fees from when you fall into default until you cease that default. c. We may debit all default interest and default fees as set out in the “Default interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees (including the cost of any court action or Disputes Tribunal claim) after judgment against you. d. Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging costs or interest on any part of the unpaid balance after we have sold consumer goods collateral a. Any goods included in the collateral are at risk. b. You breach any of the paragraphs of these Operative terms which provide that we may accelerate payment if you default under that paragraph c. You fail to pay any money for 5 working days after it is due or d. You continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reached.

Default interest and default fees. a. a) If you are in financial default you must pay us default interest on any overdue unpaid instalment or other overdue amount at the rate and in the manner shown in the “Default interest charges and default fees” section of the disclosure statement. You must pay default interest from the date you fall into financial default until you are no longer in financial default. However However, we will not charge default interest on any part of the unpaid balance after we have accelerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. b. b) If you must pay default interest on any instalment or other overdue amount, that overdue amount is not included in the unpaid balance for the purpose of charging the annual interest rate on the unpaid balance. c) No amount of interest charged on all or any one part of the unpaid balance, whether compounded or not, when totalled and applied as an annual percentage against the same part of the unpaid balance, will be or exceed 50% per annum. d) If you are in any default at all you must pay default fees. You must pay default fees from when you fall into default until you cease that default. c. e) We may debit all default interest and default fees as set out in the “Default interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees (including the cost of any court action or Disputes Tribunal claim) after judgment against youyou and they will accrue (you will owe them) without our giving you any notice or making demand. That means you must keep paying them after we sue you in a court or tribunal for the unpaid balance and obtain a judgement or an order that you must pay. d. f) Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging any costs at all or any interest at all on any part of the unpaid balance after we have sold consumer goods collateral a. Any goods included in the collateral are at risk. b. You breach any of the paragraphs of these Operative terms which provide that we may accelerate payment if you default under that paragraph c. You fail to pay any money for 5 working days after it is due or d. You continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reached.

Default interest and default fees. a. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate shown in the disclosure statement“Default interest charges and default fees” section of the disclosure. You must pay default interest from the date you fall into financial default until you are no longer in financial default. However we will not charge default interest on any part of the unpaid balance after we have accelerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. . b. If you are in any default at all you must pay default fees. You must pay default fees from when you fall into any default until you cease that default. c. We may debit all default interest and default fees as set out in the “Default interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and credit fees and default fees (including the cost of any court action or Disputes Tribunal claim) claim after judgment against youyou and they will accrue (you will owe them) without our giving you any notice or making demand. That means you must keep paying them after we sue you in court for any part of the unpaid balance and obtain a judgment or an order that you must pay. d. Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging any costs or any interest on any part of the unpaid balance after we have sold consumer goods collateral. a. Any goods included e. Notwithstanding anything else in the collateral are at risk. b. You breach any of the paragraphs of these Operative terms which provide that this agreement but subject to sub-paragraph d, if this agreement is not a consumer credit contract, we may accelerate charge default interest in the event that you commit any default whether a default in any payment if you default under that paragraph c. You fail to pay any money for 5 working days after it is due or d. You continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reachedotherwise.

Default interest and default fees. a. a) If you are in financial default you must pay us default interest on any overdue unpaid instalment or other overdue amount at the rate for those amounts shown in the “Default interest charges and default fees” section of the disclosure statement. You must pay default interest from the date you fall into financial default until you are no longer in financial default. However However, we will not charge default interest on any part of the unpaid balance after we have accelerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. b. b) If you are in any default at all you must pay default fees. You must pay default fees from when you fall into default until you cease that default. c. c) We may debit all default interest and default fees as set out in the “Default interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees (including the cost of any court action or Disputes Tribunal claim) after judgment against youyou and they will accrue (you will owe them) without our giving you any notice or making demand. That means you must keep paying them after we sue you in a court or tribunal for the unpaid balance and obtain a judgement or an order that you must pay. d. d) Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging any costs at all or any interest at all on any part of the unpaid balance after we have sold consumer goods collateral a. Any goods included in the collateral are at risk. b. You breach any of the paragraphs of these Operative terms which provide that we may accelerate payment if you default under that paragraph c. You fail to pay any money for 5 working days after it is due or d. You continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reached.

Default interest and default fees. a. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate for those amounts shown in the disclosure statement. statement You must pay default interest from the date you fall into financial default until you are no longer in financial default. However we will not charge default interest on any part of the unpaid balance after we have accelerated acc elerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. b. If you are in any default at all you must pay default fees. You must pay default fees from when you fall into any default until you cease that default. c. We may debit all default interest and default fees as set out in the “"Default interest charges and default fees” " section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees (including the cost of any court action or Disputes Tribunal claim) after judgment against you. That means you must keep paying them after we sue you in court for the unpaid balance and obtain an order that you must pay. d. Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging any costs or any interest on any part of the unpaid balance after we have sold consumer goods collateral. a. Any goods included e. Notwithstanding anything else in this agreement but subject to sub-paragraph d, if this agreement is not a consumer credit contract, we may charge default interest on the unpaid balance in the collateral are at riskevent that you commit any default whether a default in any payment or otherwise. b. You breach any of the paragraphs of these Operative terms which provide that we may accelerate payment if you default under that paragraph c. You fail to pay any money for 5 working days after it is due or d. You continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reached.

Default interest and default fees. a. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate shown in the disclosure statementstatement and if you are in any default at all you must pay default fees. You must pay default interest from the date you fall into financial default until you are no longer in financial default. However we will not charge default interest on any part of the unpaid balance after we have accelerated payment of that part unless payment of that part has fallen due by the time of the charge without the acceleration. b. If you are in any default at all you must pay default fees. You must pay default fees from when you fall into any default until you cease that default. c. . We may debit all default interest and default fees as set out in the “Default interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees (including the cost of any court action or Disputes Tribunal claim) after judgment against you. d. Your obligation to pay ordinary and default interest and credit and default fees is subject to section 83M of the Credit Contracts and Consumer Finance Act which prevents us from charging costs or interest on any part of . That means you must keep paying them after we sue you in court for the unpaid balance after we have sold and obtain an order that you must pay. Notwithstanding anything else in this agreement and in this paragraph, if this agreement is not a consumer credit contract, the lender may charge default interest on the unpaid balance if you commit any default whether a default in any payment or otherwise. 13 Subject to sections 119 and 128 of the Property Law Act 2007 (which in some cases requires a legal document to be sent about collateral goods which are not consumer goods collateral a. and about the land to be mortgaged) the lender may accelerate repayment of the loan and require you to pay the unpaid balance to the lender straight away (forthwith) if: Any goods included in the collateral are at risk. b. . You breach any of the paragraphs paragraph 2f, 3e or 7 above or paragraph 22, 23, 27, 30 and 31 below of these Operative operative terms which provide that we may accelerate payment if you default under that paragraph c. You breach paragraphs 25a to 25h below of these operative terms You fail to pay any money for 5 working days after it is due or d. You or if you continue any other default for 9 working days after the posting of any notice of that default to you (or 5 working days if such notice is sent by electronic means). We may call up that money even although the time for payment has not yet been reached.