Common use of Early Repayment Clause in Contracts

Early Repayment. The borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due. § 4 Extraordinary right of cancellation The lender is entitled to recall the loan effective immediately, if the borrowers’ financial circumstances deteriorate considerably, thus putting the claim of repayment at risk.

Early Repayment. The borrower Borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due. § 4 Extraordinary right of cancellation The lender Lender is entitled to recall the loan effective immediately, if the borrowersBorrowers’ financial circumstances deteriorate considerably, thus putting the claim of repayment at risk.