Repayment Methods Sample Clauses
The Repayment Methods clause defines how and when a borrower must repay a loan or debt. It typically outlines acceptable forms of payment, such as electronic transfer, check, or direct debit, and may specify the schedule for payments, like monthly installments or lump-sum payments. By clearly establishing the procedures and options for repayment, this clause ensures both parties understand their obligations and helps prevent disputes over payment methods or timing.
Repayment Methods. Both parties agree that Item (I) below will be used to repay the principal amount of the Loan:
(I) In one lump sum: Party A shall repay the principal amount of the Loan in one lump sum upon the maturity of the Loan;
Repayment Methods. 5.1 Subject to early repayment in accordance with Article 3 hereof, Party B shall settle the principal and interests for one time at the expiration of the term after the loan is received by Party B.
Repayment Methods. 5.1 From the time Party B received the loan, the principal and interest of the loan will be settled in a lump sum upon expiry of the term or early repayment.
Repayment Methods. Borrower according to the following: (1) way to repay the loan under this contract:
(1) the loan expires one-time;
(2) Other:
Repayment Methods. You may use one of the acceptable methods of payment set forth in your relevant loan agreement to make one-time transactions to pay your account as payments become due or you may set up automatic account payments. Furthermore, nothing in this Agreement will be construed as applying to the extent inconsistent with the Loan Agreement related to your product or service including any loan originated directly by Walnut. Access to Your Account. You are responsible for maintaining the secrecy of the login credentials to your Walnut account. You agree to establish reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals, which includes choosing passwords and other credentials in a manner that will protect the security of your information. Your credentials include your username and password to your Walnut account and to any third party account you have used to login to your Walnut account. You are also responsible for maintaining the accuracy of the information in your Walnut account. Dormant Accounts. Walnut may close your account if you do not log in to your account or use the Walnut Services for two or more years.
Repayment Methods. Party A shall, on the repayment date as agreed in this contract, make full provision for the amount payable for the current period in the fund recovery account or other accounts opened with Party B and the guarantor’s personal account and transfer the money for repayment of the loan by itself (Party B also has the right to transfer the money for repayment of the loan from the account), or transfer the money for repayment of the loan from other accounts on the repayment date as agreed in this contract.
Repayment Methods. Party A shall, on the repayment date as agreed in this contract, make full provision for the amount payable for the current period in the fund recovery account or other accounts opened with Party B and the guarantor’s personal account and transfer the money for repayment of the loan by itself (Party B also has the right to transfer the money for repayment of the loan from the account), or transfer the money for repayment of the loan from other accounts on the repayment date as agreed in this contract. Party A chooses repayment method (a) to repay the loan:
(a) Repayment on demand The loan under this contract can be repaid as and when it is borrowed, i.e. before the loan maturity date agreed in this contract, Party A shall repay the interest on a monthly basis, and may return part of the loan principal and interest or settle the whole loan principal and interest in advance at will. Party A shall, before the maturity date of the loan as agreed in this contract, make full provision for the amount payable in the fund recovery account and transfer the money to repay the loan by itself (Party B also has the right to transfer the money to repay the loan from the account), or transfer the money from other accounts to repay the loan.
(b) Fixed-term repayment The loan under this contract shall be repaid by monthly interest payments and the principal shall be returned at maturity. Party A shall pay Party B the interest due on the interest settlement date, and the first interest payment date shall be the first interest settlement date after the loan is disbursed. The interest shall follow the principal at the final repayment. Party A shall make full provision for the amount payable for the current period in the fund recovery account and transfer the money to repay the loan by itself (Party B also has the right to transfer the money from the account to repay the loan) or transfer the money from other accounts to repay the loan on the repayment date as agreed in the present contract.
Repayment Methods. The beneficiary undertakes to pay the installments to the financier on their due date through one or more of the following methods: • Deposit, or cash payment, at one of the financier's branches, or the branch they specify. • Through the financier's electronic payment gateway. • Through SADAD system. • The beneficiary authorizes the financier to deduct directly from his account with Bank on the due date of the installments. • Authorizing the beneficiary to the financier to deduct directly from his account with Bank on the date of the monthly salary payment. • Deposit in the financier’s account.
Repayment Methods