Common use of Early Repayment Administration Clause in Contracts

Early Repayment Administration. Fee If you have a Fixed Interest Rate and you pay the unpaid balance in full before the final payment is due, we may charge an Administration Fee. It compensates us for the costs incurred in connection with working out the Early Repayment Recovery amount. Charged at the time the Loan is repaid. $50.00 Default Administration Fee (plus Recovery Costs This may be charged for any breach by you under this Agreement or if we enforce this Agreement. It compensates us for the costs incurred by us in connection with enforcement or the remedy of a breach under this Agreement. Such costs could include debt collection and repossession fees charged by a third party (Repossession Agent, Legal Provider) which will be debited to the loan for the invoiced amount. Copies of which are available upon request $45.00 EXAMPLE

Early Repayment Administration. Fee If you have a Fixed Interest Rate and you pay the unpaid balance in full before the final payment is due, we may charge an Administration Fee. It compensates us for the costs incurred in connection with working out the Early Repayment Recovery amount. Charged at the time the Loan is repaid. $50.00 Default Administration Fee (plus Recovery Costs This may be charged for any breach by you under this Agreement or if we enforce this Agreement. It compensates us for the costs incurred by us in connection with enforcement or the remedy of a breach under this Agreement. Such costs could include debt collection and repossession fees charged by a third party (Repossession Agent, Legal Provider) which will be debited to the loan for the invoiced amount. Copies of which are available upon request $45.00 EXAMPLEInitial

Early Repayment Administration. Fee If you have a Fixed Interest Rate and you pay the unpaid balance in full before the final payment is due, we may charge an Administration Fee. It compensates us for the costs incurred in connection with working out the Early Repayment Recovery amount. Charged at the time the Loan is repaid. $50.00 Default Administration Fee (plus Recovery Costs This may be charged for any breach by you under this Agreement or if we enforce this Agreement. It compensates us for the costs incurred by us in connection with enforcement or the remedy of a breach under this Agreement. Such costs could include debt collection and repossession fees charged by a third party (Repossession Agent, Legal Provider) which will be debited to the loan for the invoiced amount. Copies of which are available upon request $45.00 Initial EXAMPLE