Examples of Early Repayment Fee in a sentence
If you pay the unpaid balance in full before the final payment is due or if the loan is repaid early due to the lender’s enforcement action taken after you default (prepayment), you will have to pay our Early Repayment Fee to compensate us for the administrative costs relating to the prepayment INTERNAL COMPLAINTS PROCEDURE Our complaints procedure may be initiated by telephone, email, via our website or in writing using the contact details specified above.
FULL PREPAYMENT If you pay the unpaid balance in full before the final payment is due or if the loan is repaid early due to the lender’s enforcement action taken after you default (prepayment), you will have to pay our Early Repayment Fee to compensate us for the administrative costs relating to the prepayment INTERNAL COMPLAINTS PROCEDURE Our complaints procedure may be initiated by telephone, email, via our website or in writing using the contact details specified above.
Why an Early Repayment Fee may be payable under our BNZ borrowing contracts.
Given that (i) the Jiacheng Engineering Companies is entitled to a waiver of the Early Repayment Fee; and (ii) they have previously obtained additional financing from GDH Finance in June 2021 at an interest rate lower than that under the Finance Lease Agreement, which may be applied to the repayment of amounts payable under the Finance Lease Agreement, the Novation affords the Jiacheng Engineering Companies the flexibility and opportunity to further lower their finance costs on the whole.
Guangdong Financial Leasing has agreed that, subsequent to the Novation, the Jiacheng Engineering Companies may early repay the outstanding principal amount of RMB49,195,862.87 under the Finance Lease Agreement (as supplemented by the Novation Agreement) and terminate such agreement with the Early Repayment Fee being waived.