Common use of WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS Clause in Contracts

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if If you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 18 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract agreement allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if If you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 18 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract agreement allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 16.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 20.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 50.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 16.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 20.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 50.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 22 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 16.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 20.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 50.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if If you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 18 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract agreement allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 13.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 17.00 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 50.00 Payable on issue by us of a post-repossession notice

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security interest This is a secured loan. We will have a security interest in the Motor Vehicle described on the front page. If you fail to meet your commitments under this contract, we may be entitled to repossess and sell the Motor Vehicle. If we sell the Motor Vehicle and there is not enough money after the sale to cover what you owe us, you will, or may, remain indebted to us for the amount you would still owe. You should also note that if you give someone else a security interest over the Motor Vehicle you will be in breach under this contract and we may repossess and sell the Motor Vehicle and/or we may do anything else as set out in clause 13 of the General Terms of this contract. Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of this contract or on the enforcement of this contract, the default fees specified below are payable. The General Terms of this contract allow us to vary these fees and charges. Default interest is 5.00% over the annual interest rate or 18.00% p.a. whichever is the greater, and this default interest rate is payable in the event of a default in payment and while the default continues. Default fees: $ 20.00 13.00 Payable if any payment is dishonoured or reversed or unpaid $ 40.00 17.50 Payable on issue by us of a repossession warning notice $ 100.00 Payable on issue by us of a repossession warrant to our repossession agent $ 40.00 50.00 Payable on issue by us of a post-repossession notice