Common use of REPAYING EARLY Clause in Contracts

REPAYING EARLY. Variable commercial rate loan or interest capitalised variable commercial rate loan 10.1 If you have a variable commercial rate loan or an interest capitalised variable commercial rate loan, you may repay as much of the facility amount owing as you choose on an interest payment date. If the payment is made on a day other than an interest payment date, break costs may apply in accordance with clause 11 of this Part D. 10.2 You may only redraw any amount repaid early in accordance with clause 11 of this Part D. Interest prepaid commercial rate loan 10.3 If you have an interest prepaid commercial rate loan you may repay as much of the facility amount owing as you choose at any time during an interest period without penalty. However, if you wish to elect to make such a payment, no amount will be rebated to you in respect of interest that you have prepaid. 10.4 While your facility is an interest prepaid commercial rate loan you may not redraw any amount repaid early. Fixed commercial rate loan 10.5 If you have a fixed commercial rate loan and you make a payment of the facility amount owing or any part of the facility amount owing on any day other than the last day of the fixed rate period, break costs may apply in accordance with clause 11 of this Part D. 10.6 While your facility is a fixed commercial rate loan you may not redraw any amount repaid early. All facility types 10.7 You must continue to make any reductions or special reductions on the reduction date or special reduction date (as appropriate), despite any payment made in accordance with this clause 10. Break costs will not apply when you make a reduction or special reduction on a reduction date or special reduction date.

REPAYING EARLY. Variable commercial rate loan or interest capitalised variable commercial rate loan 10.1 If you have a variable commercial rate loan or an interest capitalised variable commercial rate loan, you may repay as much of the facility amount owing as you choose on an interest payment date. If the payment is made on a day other than an interest payment date, break costs may apply in accordance with clause 11 of this Part D. 10.2 You may only redraw any amount repaid early in accordance with clause 11 of this Part D. A. Interest prepaid commercial rate loan 10.3 If you have an interest prepaid commercial rate loan you may repay as much of the facility amount owing as you choose at any time during an interest period without penalty. However, if you wish to elect to make such a payment, no amount will be rebated to you in respect of interest that you have prepaid. 10.4 While your facility is an interest prepaid commercial rate loan you may not redraw any amount repaid early. Fixed commercial rate loan 10.5 If you have a fixed commercial rate loan and you make a payment of the facility amount owing or any part of the facility amount owing on any day other than the last day of the fixed rate period, break costs may apply in accordance with clause 11 of this Part D.A. 10.6 While your facility is a fixed commercial rate loan you may not redraw any amount repaid early. All facility types 10.7 You must continue to make any reductions or special reductions on the reduction date or special reduction date (as appropriate), despite any payment made in accordance with this clause 10. Break costs will not apply when you make a reduction or special reduction on a reduction date or special reduction date.