Common use of Right to repay the Facility early Clause in Contracts

Right to repay the Facility early. 11.1 Notwithstanding clause 8 (Payment), you may at any time make payments which are in addition to the Instalment Payments (Additional Payments). If you make an Additional Payment, the amount of any remaining Instalment Payments will (save for any adjustment necessary to the last Instalment Payment) remain the same, however the number of Instalment Payments (and, as a result the Term) will reduce to take account of the Additional Payment. 11.2 You may make the Additional Payments through the Customer Portal. 11.3 You may repay the Facility in full at any time by paying all: a. principal amounts remaining outstanding under the Facility; b. interest accrued until and including the day of repayment; and c. Fees incurred but unpaid under the Facility.

Appears in 5 contracts

Samples: Facility Agreement, Retail Instalment Plan Agreement, Retail Instalment Plan Agreement

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