Common use of Method of Repayment Clause in Contracts

Method of Repayment. All payments to be made by the Borrower hereunder shall, unless otherwise specified by the Lender, be made by direct debit. The Borrower hereby unconditionally and irrevocably agrees that the direct debit order attached shall apply to the Loan and all payments in respect thereof whether comprising principal, interest, default interest, fees or otherwise and the Borrower hereby undertakes to instruct its bank accordingly.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Finance Loan Agreement

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