Common use of Your option to prepay with Clause in Contracts

Your option to prepay with. a prepayment charge. Except for a BMO Smart Fixed Closed Mortgage, at any time during the term of the loan, in addition to your option to prepay under section 5.10.1, you can prepay all or part of what is owed as follows: 5.10.2.1 You must at the same time also pay us a prepayment charge of the higher of:  three months' interest on the amount that you're prepaying, or  the interest rate differential charge as described in section 5.21.1. 5.10.2.2 Despite section 0.00.0.0:  If the term of the loan is longer than five years and you prepay all or part of what is owed after the fifth anniversary of the date of the mortgage, the prepayment charge is three months' interest on the amount that you're prepaying.  If you prepay all of what is owed within the last three months of the term, the prepayment charge is the interest on the amount that you’re prepaying until the end of the term of the loan.

Your option to prepay with. a prepayment charge. Except for a BMO Smart Fixed Closed Mortgage, at any time during the term of the loan, in addition to your option to prepay under section 5.10.1, you can prepay all or part of what is owed as follows: 5.10.2.1 You must at the same time also pay us a prepayment charge of the higher of:  • three months' interest on the amount that you're prepaying, or  • the interest rate differential charge charge, as described in section 5.21.1. . 5.10.2.2 Despite section 0.00.0.0:  • If the term of the loan is longer than five years and you prepay all or part of what is owed after the fifth anniversary of the date of the mortgage, the prepayment charge is three months' interest on the amount that you're prepaying.  • If you prepay all of what is owed within the last three months of the term, the prepayment charge is the interest on the amount that you’re prepaying until the end of the term of the loan. 5.10.2.3 You don't have to tell us in advance that you want to prepay.

Your option to prepay with. a prepayment charge. Except for a BMO Smart Fixed Closed Mortgage, at any time during the term of the loan, in addition to your option to prepay under section 5.10.1, you can prepay all or part of what is owed as follows: 5.10.2.1 You must at the same time also pay us a prepayment charge of the higher of:  three months' interest on the amount that you're prepaying, or  the interest rate differential charge charge, as described in section 5.21.1. 5.10.2.2 Despite section 0.00.0.0:  If the term of the loan is longer than five years and you prepay all or part of what is owed after the fifth anniversary of the date of the mortgage, the prepayment charge is three months' interest on the amount that you're prepaying.  If you prepay all of what is owed within the last three months of the term, the prepayment charge is the interest on the amount that you’re prepaying until the end of the term of the loan.

Your option to prepay with. a prepayment charge. Except for a BMO Smart Fixed Closed Mortgage, at any time during the term of the loan, in addition to your option to prepay under section 5.10.1, you can prepay all or part of what is owed as follows: 5.10.2.1 You must at the same time also pay us a prepayment charge of the higher of:  • three months' interest on the amount that you're prepaying, or  • the interest rate differential charge charge, as described in section 5.21.1. 5.10.2.2 Despite section 0.00.0.0:  • If the term of the loan is longer than five years and you prepay all or part of what is owed after the fifth anniversary of the date of the mortgage, the prepayment charge is three months' interest on the amount that you're prepaying.  • If you prepay all of what is owed within the last three months of the term, the prepayment charge is the interest on the amount that you’re prepaying until the end of the term of the loan.