Common use of FULL OR PART PREPAYMENT Clause in Contracts

FULL OR PART PREPAYMENT. If the loan or any part thereof is subject to a fixed rate of interest and is repaid prior to due date either in part or in full, then the Mortgagee reserves the right to charge an early repayment fee. Such a fee is calculated as follows, either:

Appears in 4 contracts

Samples: Loan Contract – Table, Loan Contract – Equity Release, Loan Contract – Table

AutoNDA by SimpleDocs

FULL OR PART PREPAYMENT. If the loan or any part thereof is subject to a fixed rate of interest and is repaid prior to due date either in part or in full, then the Mortgagee Lender reserves the right to charge an early repayment fee. Such a fee is calculated as follows, either:

Appears in 1 contract

Samples: Loan Contract

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.