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.

Appears in 2 contracts

Samples: Loan and Security Deed of Agreement, Loan and Security Deed of Agreement

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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. .

Appears in 2 contracts

Samples: Operative Terms, Operative Terms

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.

Appears in 2 contracts

Samples: www.admiralfinance.co.nz, www.admiralfinance.co.nz

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.

Appears in 1 contract

Samples: www.admiralfinance.co.nz

Default interest and default fees. a. If you are in financial default you must pay us default interest: 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 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.

Appears in 1 contract

Samples: www.rapidloans.co.nz

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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.

Appears in 1 contract

Samples: www.economycars.co.nz

Default interest and default fees. a. If you are in financial default you must pay us default interest: 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 statementDisclosure 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.

Appears in 1 contract

Samples: Operative Terms

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