Common use of of the General Terms Clause in Contracts

of the General Terms. If you are in default, a Default Interest Rate may apply - see under "Fees and Charges" in the Other Key Information section for more information. REDUCED PAYMENT AMOUNT [Not applicable.][$[X]. You can elect, by giving us not less than 5 business days prior written notice at any time during the term of this Agreement, to vary this Agreement to reduce each Payment Amount to an amount not less than the Reduced Payment Amount. Refer to clause 3.2 of the General Terms for more information. Note that your Right to Reduced Payments may be subject to change following an Annual Review.] INTEREST ONLY PERIOD [Not applicable][ months][The term of this Agreement].] During the Interest Only Period, you will only be required to make regular payments of accrued interest under this Agreement (with no reduction of the principal amount of the Loan).]