Common use of Termination of the Loan Agreement Clause in Contracts

Termination of the Loan Agreement. 14.1. The rights of each party to terminate the agreement are subject to applicable law. The Customers rights to terminate the agreement are subject to section 489 BGB for Micro Loans and subject to section 489 and 500 BGB for Consumer Loans. Accordingly the Customer is generally not entitled to terminate a Loan Agreement within the fixed term if the interest rate is fixed. The Customer may however pay any obligation under a Loan Agreement prematurely.

Appears in 9 contracts

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