Common use of Full Prepayments Clause in Contracts

Full Prepayments. The Customer may at any time make a full prepayment of a Facility, comprising the sum of the following (less any rebate of insurance premium, repayment waiver or extended warranty required under section 52, 52A or 52B of the CCCFA): (a) the unpaid balance at the time of the full prepayment; (b) a charge equal to the Creditor’s average administrative costs arising from full prepayments of credit contracts in the same class as the relevant Facility Agreement; and (c) an early repayment recovery amount calculated in accordance with clause 8.4 below.