Common use of Full Prepayment Clause in Contracts

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. STATEMENT OF RIGHT TO CANCEL NOTE: THERE ARE STRICT TIME LIMITS FOR CANCELLATION

Appears in 6 contracts

Samples: Credit and Security Contract, Credit and Security Contract, vehiclesalesfinance.co.nz

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!