Other variations. 14.1 We may vary this loan contract: (a) when the Schedule does not state a Default Rate of Interest - to add a Default Rate of Interest to calculate Default Interest Charges under clause 7; or (b) to increase or decrease the Default Rate of Interest specified in the Schedule. 14.2 If any of these variations increases your obligations, we must give you written notice at least 20 days before the increase takes effect. 14.3 If the variation does not increase your obligations, we will send you notification in your next statement of account.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Other variations. 14.1 12.1 We may vary this loan contract:
(a) when the Annual Percentage Rate stated in the Schedule is expressed as a reference rate plus or minus a margin - to increase or decrease that margin;
(b) when the Schedule does not state a Default Rate of Interest - to add a Default Rate of Interest to calculate Default Interest Charges under clause 76; or
(bc) to increase or decrease the Default Rate of Interest specified in the Schedule;
(d) to vary the minimum amount under any Redraw facility attached to this loan.
14.2 12.2 If any of these variations increases your obligations, we must give you written notice at least 20 days before the increase takes effect.
14.3 12.3 If the variation does not increase your obligations, we will send you notification in your next statement of account.
Appears in 1 contract
Samples: Loan Agreement