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.

REPAYMENTS AND OTHER PAYMENTS. 5.1 In the absence of default, you must pay the facility amount owing on owingon 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.