Settlement Figure. Where You have a Finance Agreement, the amount relating to the Purchase Price of the Insured Vehicle at the Date of Loss, that is required by the Finance Company to discharge Your indebtedness under the Finance Agreement. This amount will exclude any:- ▪ Negative Equity from a previous finance agreement; and ▪ credit arrangement fees; and ▪ statutory rebate of interest as prescribed by existing consumer credit regulations; and ▪ arrears; and ▪ interest on late payments; and ▪ any other costs or associated fees.
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Samples: Combined Return to Invoice and Financial Shortfall Gap Insurance Policy, Vehicle Replacement Gap Insurance Policy, Motorpoint Asset Protection Policy Terms and Conditions
Settlement Figure. Where You have a Finance Agreement, the amount relating to the Purchase Price of the Insured Vehicle at the Date of Loss, that is required by the Finance Company to discharge Your indebtedness under the Finance Agreement. This amount will exclude any:- ▪ Negative Equity from a previous finance agreementFinance Agreement; and ▪ credit arrangement fees; and ▪ statutory rebate of interest as prescribed by existing consumer credit regulations; and ▪ arrears; and ▪ interest on late payments; and ▪ any other costs or associated fees.
Appears in 3 contracts
Samples: Financial Shortfall Gap Insurance Policy Terms and Conditions, Vehicle Replacement Gap Insurance Policy, Combined Return to Invoice and Financial Shortfall Gap Insurance Policy Terms and Conditions
Settlement Figure. Where You have a Finance Agreement, the amount relating to the Purchase Price of the Insured Vehicle at the Date of Loss, that is required by the Finance Company to discharge Your indebtedness under the Finance Agreement. This amount will exclude any:- any: ▪ Negative Equity from a previous finance agreementEquity; and ▪ credit arrangement fees; and ▪ statutory rebate of interest as prescribed by existing consumer credit regulations; and ▪ arrears; and ▪ interest on late payments; and ▪ any other costs or associated fees.
Appears in 1 contract
Settlement Figure. Where You have a Finance Agreement, the amount relating to the Purchase Price of the Insured Vehicle at the Date of Loss, that is required by the Finance Company to discharge Your indebtedness under the Finance Agreement. This amount will exclude any:- ▪ any: 🗶 Negative Equity from a previous finance agreementEquity; and ▪ 🗶 credit arrangement fees; and ▪ 🗶 statutory rebate of interest as prescribed by existing consumer credit regulations; and ▪ 🗶 arrears; and ▪ 🗶 interest on late payments; and ▪ 🗶 any other costs or associated fees.
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