Your option to increase Clause Samples
The "Your option to increase" clause grants one party the right to unilaterally increase a specified aspect of the agreement, such as the quantity of goods ordered, the scope of services, or the contract value, within certain limits. Typically, this clause outlines the conditions under which the increase can be exercised, such as providing advance written notice or adhering to a maximum allowable increase. Its core practical function is to provide flexibility for the party holding the option, allowing them to adjust the agreement to meet changing needs without renegotiating the entire contract.
Your option to increase. At any time during the term of the loan, you can prepay by asking us to increase the instalment by any amount. You don't have to pay us a prepayment charge. Your option, after an increase, to lower the instalment. After an increase under your option to increase the instalment, at any time during the term of the loan, you can ask us to lower the instalment. We don't have to lower the instalment if that would make the remaining actual amortization period after the change longer than the remaining contractual amortization period for the mortgage when you and we enter into the agreement to make the change. How we make the change. When we increase or lower the instalment under this section 9.6, the terms of section 9.20 apply.
Your option to increase. At any time during the term of the loan, you can prepay by asking us to increase the instalment by any amount. You don't have to pay us a prepayment charge.