Right to Repayment Clause Samples
The Right to Repayment clause grants a party, typically a borrower, the ability to repay a loan or outstanding debt before its scheduled maturity date. In practice, this clause outlines the conditions under which early repayment is permitted, such as whether partial or full prepayment is allowed and if any penalties or fees apply. Its core function is to provide flexibility for the borrower to manage their financial obligations, while also protecting the lender’s interests by specifying any costs or procedures associated with early repayment.
Right to Repayment. If this agreement is terminated under clause 13.6, the intern will be entitled to a refund of all monies paid to Australian Internships under clause 5, save the non-refundable deposit, the visa postage/ administration and visa application fee, and any unrecoverable accommodation fees.
Right to Repayment. OF INDEBTEDNESS You each agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and paya RESTRICTIVE LEGENDS We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are PLEDGES Unless we agree otherwise in writing, each owner of this account may pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of this account must first be satisfied before the rights of any surviving account owner or account beneficiary becomes effective. ACH AND WIRE TRANSFERS This agreement is subject to Article 4A of the Uniform Commercial Code Fund Transfers as adopted in the state in which you have your account with us. If you originate a funds transfer for which Fedwire is used, and you indentify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. ADDITIONAL TYPES OF ACH TRANSFERS Credit given by Auto-Owners Associates Credit Union to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not be deemed to have paid you in the amount of such entry. FACSIMILE SIGNATURES - You authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose.
Right to Repayment. If in accordance with the terms of Section 5 of this Agreement, Optionee forfeits any unvested shares of Common Stock received upon exercise of an Option, Optionee acknowledges and agrees that the Certificate Custodian shall surrender to the Company as soon
Right to Repayment. The Agent and GA agree that Illinois Mutual retains the right to demand immediate repayment of any outstanding ACAP balances from the Agent or the GA for any reason. If the Agent fails to repay Illinois Mutual, Illinois Mutual, in its sole discretion, may demand repayment from the GA or deduct the Agent’s outstanding ACAP debt from commissions due the GA.
Right to Repayment. Subject to the limitations of Section 10 of this Agreement, upon the termination of this Agreement the Company shall have the right to repayment by the Policy Owner of the aggregate of all Premiums paid by the Company pursuant to this Agreement (to the extent that the Policy Owner has not repaid such Premiums and amounts to the Company prior to such termination).