Finance Early Settlement Amount Clause Samples
The Finance Early Settlement Amount clause defines the terms under which a borrower can pay off a financed amount before the scheduled end of the agreement. Typically, this clause outlines how the early settlement amount is calculated, which may include the outstanding principal, accrued interest, and possibly an early repayment fee. By specifying these terms, the clause provides clarity for both parties on the financial implications of early repayment, helping to avoid disputes and ensuring that the lender is compensated for the early termination of the financing arrangement.
Finance Early Settlement Amount. The amount required to settle the credit or hire purchase agreement at the date of Total Loss excluding any amount carried over from a previous Finance Agreement, any insurance premiums, additional interest charges, discounts, incentives and cashbacks, arrears, road fund licence fee, title discharge fees and any other financed amount not relating specifically to
Finance Early Settlement Amount. The amount required to settle the credit or hire purchase agreement at the date of Total Loss excluding any amount carried over from a previous Finance Agreement (unless the extra Premium has been paid to cover Negative Equity) any insurance premiums, additional interest charges, discounts, incentives and cashbacks, arrears, road fund licence fee, new vehicle registration fee, title discharge fees and any other financed amount not relating specifically to Your Vehicle. The car value guide published monthly by Glass’s Information Services Limited, used for assessing vehicle values. A new vehicle destined for markets outside the European Union which is being brought in to the European Union by parties outside the manufacturer’s official distribution chain. The value of Your Vehicle excluding any contents: as assessed by the Motor Insurer of the Motor Insurance Policy on Your Vehicle at the date of the Total Loss; or as assessed by the Motor Insurer of a third party against which You have a claim via an Accident Management Company, at the date of the Total Loss. Please refer to the conditions under ‘Making a Claim’ within this policy. Qudos Insurance A/S Registered Office: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇. Registered in Denmark; company number 33956967. Qudos Insurance A/S is authorised and regulated by Finanstilsynet (The Danish FSA); Danish FSA number 53112. As an insurance company authorised within the European Union Qudos Insurance A/S is permitted to conduct business in the United Kingdom and is authorised by the FCA. You can check this by visiting the FCA website. The party, person or company who has arranged this insurance on
Finance Early Settlement Amount. The amount required to settle the credit or hire purchase agreement at the date of Total Loss excluding any amount carried over from a previous Finance Agreement, any insurance premiums, additional interest charges, discounts, incentives and cashbacks, arrears, road fund licence fee, new vehicle registration fee, title discharge fees and any other financed amount not relating specifically to Your Vehicle. The car value guide published monthly by Glass’s Information Services Limited, used for assessing vehicle values. A new vehicle destined for markets outside the United Kingdom or the European Union which is being brought in to the United Kingdom or the European Union by parties outside the manufacturer’s official distribution chain. The value of Your Vehicle excluding any contents: as assessed by the Motor Insurer of the Motor Insurance Policy on Your Vehicle at the date of the Total Loss; or as assessed by the Motor Insurer of a third party against which You have a claim via an Accident Management Company, at the date of the Total Loss. Please refer to the conditions under ‘Making a Claim’ within this policy. AmTrust Europe Limited (AEL) whose registered office is at ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ James’▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ (registered number 01229676).