Debt repayment. 2.1 Repayment period: is the periods of time in the loan term which at the end, the Borrower has to repay all or part of principal and interest to Mcredit. The repayment period is determined as follows:
(i) The first repayment period is initiated from the date of debt receipt until the end of the first repayment date.
(ii) The next repayment periods are initiated from the day after the periodic repayment date of any repayment period until the end of the periodic repayment date of the next consecutive repayment period.
Debt repayment. 1.1 Repayment period: is the periodsof time in the loan term which has been agreed between Xxxxxxx and the Customer. At the end of each period, the Customer has to repay all or part of principal and interest to Xxxxxxx. The repayment period is determined as follows:
(i) The first repayment period is initiated from the date of debt receipt until the end of the first repayment date.
(ii) The next repayment periods are initiated from the periodly payable date of any repayment period until the end of the periodly payable date of the next consecutive repayment period.