Common use of Prepaying under a fixed rate closed term Clause in Contracts

Prepaying under a fixed rate closed term. If this part 6 applies to the mortgage, you have a fixed rate closed term, the term of the loan is longer than five years, and the mortgage wasn't given by a corporation, you can prepay all or part of what is owed at any time after the fifth anniversary of the date of the mortgage, as follows:‌ • You must at the same time also pay us a prepayment charge of three months' interest on the amount that you're prepaying. • You don't have to tell us in advance that you want to prepay. If this section 6.5 applies to the mortgage and, within three months before the end of the term of the loan, you prepay all of what is owed, the prepayment charge is the interest on the amount that you're prepaying from when you prepay to the end of the term of the loan.

Prepaying under a fixed rate closed term. If this part 6 applies to the mortgage, you have a fixed rate closed term, the term of the loan is longer than five years, and the mortgage mortgage‌ wasn't given by a corporation, you can prepay all or part of what is owed at any time after the fifth anniversary of the date of the mortgage, as follows:‌ • follows:  You must at the same time also pay us a prepayment charge of three months' interest on the amount that you're prepaying. •  You don't have to tell us in advance that you want to prepay. If this section 6.5 applies to the mortgage and, within three months before the end of the term of the loan, you prepay all of what is owed, the prepayment charge is the interest on the amount that you're prepaying from when you prepay to the end of the term of the loan.

Prepaying under a fixed rate closed term. If this part 6 applies to the mortgage, you have a fixed rate closed term, the term of the loan is longer than five years, and the mortgage wasn't given by a corporation, you can prepay all or part of what is owed at any time after the fifth anniversary of the date of the mortgage, as follows:‌ •  You must at the same time also pay us a prepayment charge of three months' interest on the amount that you're prepaying. •  You don't have to tell us in advance that you want to prepay. If this section 6.5 applies to the mortgage and, within three months before the end of the term of the loan, you prepay all of what is owed, the prepayment charge is the interest on the amount that you're prepaying from when you prepay to the end of the term of the loan.

Prepaying under a fixed rate closed term. If this part 6 applies to the mortgage, you have a fixed rate closed term, the term of the loan is longer than five years, and the mortgage wasn't given by a corporation, you can prepay all or part of what is owed at any time after the fifth anniversary of the date of the mortgage, as follows:‌ • You must at the same time also pay us a prepayment charge of three months' ’ interest on the amount that you're prepaying. • You don't have to tell us in advance that you want to prepay. If this section 6.5 applies to the mortgage and, within three months before the end of the term of the loan, you prepay all of what is owed, the prepayment charge is the interest on the amount that you're prepaying from when you prepay to the end of the term of the loan.