Common use of Your option to increase Clause in Contracts

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.

Appears in 2 contracts

Samples: Residential Mortgage, Residential Mortgage

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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 9.69.14, the terms of section 9.20 apply.

Appears in 2 contracts

Samples: Residential Mortgage, Residential Mortgage

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 contract 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 9.67.14, the terms of section 9.20 7.20 apply.

Appears in 1 contract

Samples: Residential Mortgage or Hypothec Switch Agreement

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 9.68.14, the terms of section 9.20 8.20 apply.

Appears in 1 contract

Samples: Residential Mortgage

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 9.610.6, the terms of section 9.20 10.20 apply.

Appears in 1 contract

Samples: Residential Mortgage

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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 9.68.6, the terms of section 9.20 8.20 apply.

Appears in 1 contract

Samples: Residential Mortgage

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 contract 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 9.67.6, the terms of section 9.20 7.20 apply.

Appears in 1 contract

Samples: Residential Mortgage or Hypothec Switch Agreement

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 9.610.14, the terms of section 9.20 10.20 apply.

Appears in 1 contract

Samples: Residential Mortgage

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