Common use of REPAYMENTS AND OTHER PAYMENTS Clause in Contracts

REPAYMENTS AND OTHER PAYMENTS. 5.1 In the absence of default, you must pay the facility amount owing on or before the last day of the term. If you default, you must pay the total amount owing on the date it becomes due for payment under clause 14 of this Part A. Upon it falling due and payable, the facility amount owing or the total amount owing (as appropriate) may, at our discretion, be debited from your facility account to your nominated account or retained in your facility account. 5.2 Where you have a business term loan or commercial rate loan: a. the facility limit or reduced facility limit is not fully drawn; or b. early repayments have been made in accordance with clause 9 of Part B or clause 10 of Part D, and this has caused the balance owing on the facility account to be less than the amount of a reduction or special reduction, you must pay the balance owing on the facility account instead. The facility limit or reduced facility limit will still be reduced by the amount of the reduction or special reduction. 5.3 Payments made after a day ends may not be credited to your account until the next day. 5.4 If you are in default or you have not specified how an amount is to be applied, we may use any payment we receive under or in accordance with this facility agreement to reduce the balance owing on any of your accounts in any order we choose. If we do this you must still make any repayments or other payments due under this facility agreement. If we are obliged by law or this facility agreement to pay the money in a particular way, then we will do so. 5.5 If Part D applies, reductions or special reductions on your commercial rate loan will be automatically debited to your nominated account. 5.6 You may make all other reductions, special reductions, repayments or other payments to us in any of the ways we tell you. Unless this facility agreement specifically provides otherwise, ways in which you may make these payments include via internet banking. If you choose to make any payments by internet banking these payments will be subject to our Electronic Banking Terms and Conditions which are disclosed to you at the time you receive these General Conditions. 5.7 If you make any reductions, special reductions, repayments or other payments by direct debit and we debit the relevant account when there are insufficient funds in it, then the direct debit may be reversed and you will be regarded as not having made the payment. 5.8 If this facility agreement does not otherwise specify the manner or time of payment of an amount owing under this facility agreement you must pay us that amount in the manner and when we ask for it. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 7

REPAYMENTS AND OTHER PAYMENTS. 5.1 In the absence of default, you must pay the facility amount owing on or before the last day of the term. If you default, you must pay the total amount owing on the date it becomes due for payment under clause 14 of this Part A. Upon it falling due and payable, the facility amount owing or the total amount owing (as appropriate) may, at our discretion, be debited from your facility account to your nominated account or retained in your facility account. 5.2 Where you have a business term loan or commercial rate loan: a. the facility limit or reduced facility limit is not fully drawn; or b. early repayments have been made in accordance with clause 9 of Part B or clause 10 of Part D, and this has caused the balance owing on the facility account to be less than the amount of a reduction or special reduction, you must pay the balance owing on the facility account instead. The facility limit or reduced facility limit will still be reduced by the amount of the reduction or special reduction. 5.3 Payments made after a day ends may not be credited to your account until the next day. 5.4 If you are in default or you have not specified how an amount is to be applied, we may use any payment we receive under or in accordance with this facility agreement to reduce the balance owing on any of your accounts in any order we choose. If we do this you must still make any repayments or other payments due under this facility agreement. If we are obliged by law or this facility agreement to pay the money in a particular way, then we will do so. We do not have to tell you first, however, we will provide you with details of how we have applied any such payments upon request from you. 5.5 If Part D applies, reductions or special reductions on your commercial rate loan will be automatically debited to your nominated account. 5.6 You may make all other reductions, special reductions, repayments or other payments to us in any of the ways we tell you. Unless this facility agreement specifically provides otherwise, ways in which you may make these payments include via internet banking. If you choose to make any payments by internet banking these payments will be subject to our Electronic Banking Terms and Conditions which are disclosed to you at the time you receive these General Conditions. 5.7 If you make any reductions, special reductions, repayments or other payments by direct debit and we debit the relevant account when there are insufficient funds in it, then the direct debit may be reversed and you will be regarded as not having made the payment. 5.8 If this facility agreement does not otherwise specify the manner or time of payment of an amount owing under this facility agreement you must pay us that amount in the manner and when we ask for it. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 7.

REPAYMENTS AND OTHER PAYMENTS. 5.1 In the absence of default, you must pay the facility total amount owing on or before the last day of the term. If you default, you must pay the total amount owing on the date it becomes due for payment under clause 14 13 of this Part A. Upon it falling due and payable, the facility amount owing or the total amount owing (as appropriate) may, at our discretion, be debited from your facility account to your nominated account or retained in your facility account.A. 5.2 Where you have a business term loan or commercial rate loan: a. the facility limit or reduced facility limit is not fully drawn; or b. early repayments have been made in accordance with clause 9 of Part B or clause 10 of Part D, and this has caused the balance owing on the facility account to be less than the amount of a reduction or special reduction, you must pay the balance owing on the facility account instead. The facility limit or reduced facility limit will still be reduced by the amount of the reduction or special reduction. 5.3 Payments made after a day ends may not be credited to your account until the next day. 5.4 If you are in default or you have not specified how an amount is to be applied5.3 Unless we agree otherwise, we may use any payment we receive under or in accordance with this aggregate trade facility agreement to reduce the balance owing on any of your accounts in any order we choose. If we do this you must still make any repayments or other payments due under this aggregate trade facility agreement. If we are obliged by law or this aggregate trade facility agreement to pay the money in a particular way, then we will do so. We do not have to tell you first, however, we will provide you with details of how we have applied any such payments upon request from you. 5.5 If Part D applies, reductions or special reductions on your commercial rate loan will be automatically debited to your nominated account. 5.6 5.4 You may make all other reductions, special reductions, repayments or other payments to us in any of the ways we tell you. Unless this aggregate trade facility agreement specifically provides otherwise, ways in which you may make these payments include at any of our branches or via internet banking. If you choose to make any payments by internet banking these payments will be subject to our Electronic Banking Terms and Conditions which are disclosed to you at the time you receive these General Conditions. 5.7 5.5 If you make any reductions, special reductions, repayments repayment or other payments by direct debit electronic transfer and we debit the relevant account when there are insufficient funds in it, then the direct debit electronic transfer may be reversed and you will be regarded as not having made the payment. 5.8 5.6 If this aggregate trade facility agreement does not otherwise specify the manner or time of payment of an amount owing under this facility agreement you must pay us that amount in the manner and when we ask for it. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 7aggregate trade facility