Early Repayment Fee definition

Early Repayment Fee means a fee up to 5% as determined by the Manager, in its sole discretion, of the original principal balance of the Note, plus an amount equal to the interest rate differential between the original interest stated on the Note and the interest allocable to the shortened holding period, per the original executed Note Schedule, will be charged for any Notes repurchased early. The Manager may or may not approve a request for Redemption, prior to the Maturity Date, in its sole discretion.

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Early Repayment Fee. For fixed-rate loans: For adjustable-rate loans (tied to a Refinancing index): For adjustable-rate loans (tied to a Refinancing index):

Early Repayment Fee means 5%, or other figure as determined by the Manager, of the original Note principal plus the difference in Note Rate on the original executed Note Schedule between the Note Rate of the Note’s original Term and the Note Rate of the Note’s actual Term to repayment, as determined by the Manager upon its acceptance of the Note Holder’s repayment request.

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 Our complaints procedure may be initiated by telephone, email, via our website or in writing using the contact details specified above.
We will not charge you an Early Repayment Fee if you make a partial prepayment to the loan.
For any asset repurchased by any Seller prior to such asset's related Repurchase Date, such Seller shall pay the applicable Early Repayment Fee to Buyer; provided, that the sum of all Early Repayment Fees shall not exceed the Repayment Fee and payments of any Early Repayment Fees shall reduce the Repayment Fee owed.
The Borrower, having submitted the notice referred to herein, shall not have the right to withdraw it without the separate written consent of the Operator and shall be deemed unconditionally obliged to repay the amount specified in the notice (including the Loan Amount Early Repayment Fee due to the Operator) within the specified term.
Any prepayment which occurs after 30 November 2008 shall not be subject to the Early Repayment Fee.

More Definitions of Early Repayment Fee

Early Repayment Fee. For fixed-rate loans: For fixed-rate loans:

Early Repayment Fee means any fee (other than a Redemption Fee) which a Borrower is required to pay in the event that the Borrower is in default or his or her Loan becomes repayable for any other mandatory reason or he or she repays all or any part of the relevant Loan before a specified date;

Early Repayment Fee means a fee of the amount set out in the First Schedule.

Early Repayment Fee means the fee payable by you in the event you prepay the Unpaid Balance early as set out under the heading “Full Prepayment” in the Initial Disclosure Statement; “Event of Default” means any of the events outlined in clause 20.0;

Early Repayment Fee shall have the meaning assigned thereto in the Side Letter.

Early Repayment Fee. For fixed-rate loans: 0.0% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than 0x the scheduled monthly principal, accrued interest and insurance premium at the time of payment. X% - if paid off with own funds. But no more than: 2% - with more than 24 months left to credit maturity 1% - if 12 to 24 months left to credit maturity 0.5% - if 6 to 12 months left to credit maturity 0% - with less than 6 months left to credit maturity For adjustable-rate loans (tied to a Refinancing/LIBOR index): If paid off / closed: 5.0% (but no more than the maximum threshold per period, as stipulated herein). 0.5% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than 0x the scheduled monthly principal, accrued interest and insurance premium at the time of payment. But no more than: 0.5% - with more than 6 months left to credit maturity 0% - with less than 6 months left to credit maturity. External Refinancing Fee: For fixed-rate loans: 2% of the scheduled monthly principal, accrued interest and insurance premium at the time of payment, but no more than: 2% - with more than 24 months left to credit maturity 1% - if 12 to 24 months left to credit maturity 0.5% - if 6 to 12 months left to credit maturity 0% - with less than 6 months left to credit maturity For adjustable-rate loans (tied to a Refinancing/LIBOR index): 0.5% of the amount paid towards the outstanding principal balance at the time of payment, but no more than: 0.5% - with more than 6 months left until the expiration of the agreement 0% - with less than 6 months left until the expiration of the agreement • The Bank is not obliged to notify the Client in advance if the change is in favour of the Client. • The Client can make a complaint orally, in writing (fill out a standard Complaint Form or compose a letter of complaint) or electronically. For loans disbursed without creditworthiness analysis: • In the case of default, the loan claim related to the loan shall be deemed satisfied only through the application of measures envisaged by the laws of Georgia against the collateral securing this loan (including realization and/or repossession of the asset(s)). For adjustable-rate loans (tied to a Refinancing/LIBOR index): Indexed interest rates (except inflation-indexed) expose customers to a significant risk! Changes in the Public Index may significantly increase the amount of payments. For GEL loans: If the index grows by 5% after...