Amount Owing definition
Examples of Amount Owing in a sentence
The security interest provided for by these Terms and created by the Contract also secures the Amount Owing under any other Contract, and each Contract (and these Terms) shall be construed accordingly.
From the date the Lender pays that amount, it will be part of the Total Amount Owing and the Security Owner must indemnify the Lender and the Receiver against that amount.
You must, however, obtain our consent to sell the Security Property if the Net Sale Proceeds are likely to be less than the Total Amount Owing on the date of settlement.
Subject to any exercise of the right of variation under Clause 72.3(c), if the Lender assigns, transfers or novates all or part of its rights as lender under this Agreement, the Total Amount Owing will include all of the Borrower’s and the Guarantor’s actual and contingent liability to the Assign, whether or not it was incurred before the assignment, transfer or novation or in contemplation of it.
You can also voluntarily pay back any amount at any time, including payment in full of the Total Amount Owing.