Full Prepayment. If you pay the unpaid balance of your Facility in full before the final payment is due, you will also be required to pay the Creditor an administration fee of $ plus, where applicable, an early repayment recovery amount to compensate the Creditor for any loss suffered in circumstances where the wholesale interest swap rate used to calculate the interest rate of your Facility is higher than the wholesale interest swap rate applying at the time of your early repayment. The method for calculating the earlyrepayment recovery amount is further described in the General Conditions (Consumer). If you are thinking of repaying your Facility early, you should ask the Creditor to give you an indication of how much you could be charged.
Full Prepayment. You may at any time elect to pay the unpaid balance in full, you will not be required to pay a fee or charge to compensate the Lender for any loss resulting from the full prepayment. You may however have to pay the Lenders administrative costs relating to the full prepayment. If there is a security interest to be discharged, we may charge you for the disbursements involved in that.
Full Prepayment. If you choose to pay the unpaid balance in full before the final payment is due, you are required to pay all interest accrued to the date of your prepayment. An administration fee of $30.00 applies.
Full Prepayment. If you pay the unpaid balance in full before the final payment is due or if the loan is repaid early due to the lender’s enforcement action taken after you default (prepayment), you will have to pay our Early Repayment Fee to compensate us for the administrative costs relating to the prepayment Our complaints procedure may be initiated by telephone, email, via our website or in writing using the contact details specified above. If we can’t resolve your issue immediately, here is how it will be dealt with:
Full Prepayment. Unless otherwise specified in the related Series Supplement, with respect to a Voluntary Prepayment in full of a Series of Notes, the Issuers will be required to deposit with the Indenture Trustee an amount equal to the Full Redemption Amount; provided, that a Series of Notes may only be prepaid in full if no other Class of Notes with a higher alphabetical designation and an Anticipated Repayment Date that is the same or sooner than the Anticipated Repayment Date of the Class of Notes being prepaid is still outstanding, unless (x) such Series is being prepaid in full in connection with a Series Collateral Release or (y) the applicable Redemption Date is on or after the Make-Whole Date. For the avoidance of doubt, in connection with a prepayment of a Series in full as set forth in this clause (c), payments are not required to be allocated pro rata among all Series of Notes.
Full Prepayment. You can repay all or any part of the amount outstanding under the Overdraft at any time without incurring any additional fee or charge.
Full Prepayment. If you pay the unpaid balance in full before the final payment is due (full prepayment), you may be required to pay a fee or charge to compensate the creditor for any loss resulting from the full prepayment. The creditor may have suffered a loss if the creditor’s current interest rate is lower than the interest rate applying to your original consumer credit contract. You may also have to pay the creditor’s administrative costs relating to the full prepayment. The amount you may have to pay to compensate the creditor for the loss is calculated using the formula prescribed in regulation 9 or regulation 11 of the Credit Contracts and Consumer Finance Regulations 2004. Additional payments may be made at any time over and above the scheduled amount listed under the payments section above. As a responsible lender we encourage you to do this if possible as it will ultimately reduce the amount of interest and fees charged and reduce the time taken to pay the account off. DCO Finance is not obligated to provide a refund of any partial prepayments received while a blance is outstanding.
Full Prepayment. If you pay the unpaid balance in full before the final payment is due (full prepayment), you will not be required to pay a fee or charge to compensate the lender for any loss resulting from the full prepayment. You may however have to pay the lender's administrative costs relating to the full prepayment. If there is a security interest to be discharged, we may charge you for the disbursements involved in that. For registration of a land mortgage discharge, $75.00 (LINZ $60.00 and agents $15.00) If you are unable reasonably to keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to the creditor for a hardship variation. To apply for a hardship variation, you need to: (a) make an application in writing; and (b) explain your reason(s) for the application; and (c) request one of the following: an extension of the term of the contract (which will reduce the amount of each payment due under the contract); or a postponement of the dates on which payments are due under the contract (specify the period for which you want this to apply); or both of the above; and (d) give the application to the creditor. Do this as soon as possible. If you leave it for too long, the creditor may not have to consider your application. Name of dispute resolution scheme: FSCL Disputes Resolution Service Registration No. 954 It is free to make a complaint to this independent dispute resolution scheme. This scheme can help you to resolve any disagreements you have with the creditor. Contact details of dispute resolution scheme: Phone: 0000 000 000 or (00) 000 0000 Website: xxx.xxxx.xxx.xx Business address: P O Xxx 0000, Xxxxxxxxxx 0000 Creditor registration name: Bankrupt Vehicle Sales & Finance Limited Registration number: 36244
Full Prepayment. (a) The Borrower may not prepay all of the Secured Monies without the Creditor's approval in writing.
(b) If the Creditor agrees to an early prepayment, the Borrower must pay to the Creditor an amount calculated in accordance with clause 11 (c) to compensate the Creditor for its loss of revenue and any costs incurred as a result of the prepayment.
(c) The amount payable by the Borrower will be the sum of the following:
(i) prepayment of all the Secured Monies, whether or not they are due for payment, including all interest and principal accrued to the date of prepayment; and
(ii) an early termination fee equal to three months' interest of the loan comprised in the Secured Monies; and
(iii) if at the date of prepayment, there is more than 90 days of the term remaining under this Agreement, the greater of:
(1) 30% of the interest that would have otherwise been charged over the remainder of the term of this Agreement on the amount being prepaid; or
(2) an amount equivalent to 90 days interest on the amount being prepaid, calculated at the interest rate specified in this Agreement;
(iv) if at the date of prepayment there is 90 days or less of the term remaining under this Agreement, the amount of interest that would have otherwise been charged over the remainder of the term on the amount being prepaid.
Full Prepayment. If you pay the unpaid balance in full before the final payment is due (full prepayment), you may be required to pay a fee or charge (Early Termination Fee) to compensate FNL for any loss resulting from the full prepayment. FNL may have suffered a loss if FNL's current interest rate is lower that the interest rate applying to this Agreement. The amount of the Early Termination Fee is calculated using the formula prescribed in regulation 9 of the Credit Contracts and Consumer Finance Regulations 2004.
