Full Prepayment. If you pay the unpaid balance of your Facility in full before the final payment is due, you will also be required to pay the Creditor an administration fee of $_ plus, where applicable, an early repayment recovery amount to compensate the Creditor for any loss suffered in circumstances where the wholesale interest swap rate used to calculate the interest rate of your Facility is higher than the wholesale interest swap rate applying at the time of your early repayment. The method for calculating the early repayment recovery amount is further described in the General Conditions (Consumer). If you are thinking of repaying your Facility early, you should ask the Creditor to give you an indication of how much you could be charged.
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. If we can’t resolve your issue immediately, here is how it will be dealt with:
Full Prepayment. You may at any time elect to pay the unpaid balance in full, you will not be required to pay a fee or charge to compensate the Lender for any loss resulting from the full prepayment. You may however have to pay the Lenders administrative costs relating to the full prepayment. If there is a security interest to be discharged, we may charge you for the disbursements involved in that. STATEMENT OF RIGHT TO CANCEL NOTE: THERE ARE STRICT TIME LIMITS FOR CANCELLATION
Full Prepayment. You can repay all or any part of the amount outstanding under the Overdraft at any time without incurring any additional fee or charge.
Full Prepayment. If you choose to pay the unpaid balance in full before the final payment is due, you are required to pay all interest accrued to the date of your prepayment. An administration fee of $30.00 applies.
Full Prepayment. Unless otherwise specified in the related Series Supplement, with respect to a Voluntary Prepayment in full of a Series of Notes, the Issuers will be required to deposit with the Indenture Trustee an amount equal to the Full Redemption Amount; provided, that a Series of Notes may only be prepaid in full if no other Class of Notes with a higher alphabetical designation and an Anticipated Repayment Date that is the same or sooner than the Anticipated Repayment Date of the Class of Notes being prepaid is still outstanding, unless (x) such Series is being prepaid in full in connection with a Series Collateral Release or (y) the applicable Redemption Date is on or after the Make-Whole Date. For the avoidance of doubt, in connection with a prepayment of a Series in full as set forth in this clause (c), payments are not required to be allocated pro rata among all Series of Notes.
Full Prepayment. If you pay the unpaid balance in full before the final payment is due (full prepayment), you will not be required to pay a fee or charge to compensate the lender for any loss resulting from the full prepayment. You may however have to pay the lender's administrative costs relating to the full prepayment. If there is a security interest to be discharged, we may charge you for the disbursements involved in that. For registration of a land mortgage discharge, $75.00 (LINZ $60.00 and agents $15.00) WHAT TO DO IF YOU SUFFER UNFORESEEN HARDSHIP If you are unable reasonably to keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to the creditor for a hardship variation. To apply for a hardship variation, you need to: (a) make an application in writing; and (b) explain your reason(s) for the application; and (c) request one of the following: an extension of the term of the contract (which will reduce the amount of each payment due under the contract); or a postponement of the dates on which payments are due under the contract (specify the period for which you want this to apply); or both of the above; and (d) give the application to the creditor. Do this as soon as possible. If you leave it for too long, the creditor may not have to consider your application. DISPUTE RESOLUTION Name of dispute resolution scheme: FSCL Disputes Resolution Service Registration No. 954 It is free to make a complaint to this independent dispute resolution scheme. This scheme can help you to resolve any disagreements you have with the creditor. Contact details of dispute resolution scheme: Phone: 0000 000 000 or (00) 000 0000 Website: xxx.xxxx.xxx.xx Business address: P O Xxx 0000, Xxxxxxxxxx 0000 REGISTRATION ON FINANCIAL SERVICE PROVIDER REGISTER Creditor registration name: Bankrupt Vehicle Sales & Finance Limited Registration number: 36244 MEMORANDUM OF TERMS AND CONDITIONS You the borrower(s) acknowledge the debt to the lender of the initial unpaid balance and agree: Major Terms and Conditions Grant of security interest in chattels or other personal property ("Collateral")
Full Prepayment. You may repay all or part of this loan at any time before the end of its term, but you may be liable to pay break costs if you do so. If • you repay a fixed rate loan partially or in full before the end of the fixed rate term, • you switch to another interest rate on a fixed rate loan, or; • a fixed rate loan is repaid at an accelerated rate before the end of the fixed rate period then break costs may be charged based on a reasonable estimate of any loss which Bank of China might incur as a result. How can this happen? Bank of China matches its fixed interest rate asset (your loan) with a fixed interest rate liability (the cost of funding your loan). If you break your fixed rate early Bank of China may still have to pay the fixed interest cost for funding your loan. Therefore break costs will apply if the wholesale rate at the time of early repayment is lower than the wholesale rate at commencement of the fixed rate period. The break costs are based on the following four key factors: • The amount of the loan being repaid; • How much lower current wholesale rates (as briefly described below) are compared to the original wholesale rate at the commencement of the fixed rate period; • The time left on the fixed rate period; and • The time value of money (as an amount received today is more valuable than the same amount received in the future). When you take out a fixed rate loan, Bank of China will exchange fixed interest for floating interest in the wholesale market. This is to match the interest Bank of China must pay on the money it borrows (from its depositors or other banks) to fund loans to customers. In return for offering you a fixed rate that will not change during fixed period, Bank of China requires certainty of income to fund your loan. For example if you repay your loan before the end of its fixed rate period, and the wholesale rates have fallen, Bank of China still has a commitment to pay fixed interest to the depositor (or other bank) for the remainder of the fixed rate period but it is no longer receiving its fixed income from you. Break costs provide a reasonable estimate of the loss to Bank of China arising from this. A larger repayment amount, decrease in wholesale rates, and time left on the fixed rate period may therefore increase the amount of break costs payable. Break costs will not be calculated using the formulas prescribed in the Credit Contracts and Consumer Finance Regulations 2004. Further details relating to break costs are detai...
Full Prepayment. If you pay the unpaid balance in full before the final payment is due (full prepayment), you may be required to pay a fee or charge to compensate the creditor for any loss resulting from the full prepayment. The creditor may have suffered a loss if the creditor’s current interest rate is lower than the interest rate applying to your original consumer credit contract. You may also have to pay the creditor’s administrative costs relating to the full prepayment. The amount you may have to pay to compensate the creditor for the loss is calculated using the formula prescribed in regulation 9 or regulation 11 of the Credit Contracts and Consumer Finance Regulations 2004. Early settlement of this agreement will attract a $10 early settlement administration fee. PARTIAL PREPAYMENT Additional payments may be made at any time over and above the scheduled amount listed under the payments section above. As a responsible lender we encourage you to do this if possible as it will ultimately reduce the amount of interest and fees charged and reduce the time taken to pay the account off. DCO Finance is not obligated to provide a refund of any partial prepayments received while a blance is outstanding. Should DCO agree to refund partial prepayments, a processing fee of $50 will be charged to the account.
Full Prepayment. You can prepay the Loan or any portion of it early. If you choose to prepay the entire outstanding amount you must also pay all interest, fees, and charges payable by you under this Agreement accrued to the date of prepayment.
