Common use of Repayment Schedule Clause in Contracts

Repayment Schedule. Repayment Date: (This date is the same as the Applicant's salary date.) The first payment will begin on Final payment to be made on A4 Name of the account holder: A5 Branch code: Type of account: Debit Order reference number: FUNDI (Loan Account Number) Bank: Account No: Salary Date: Salary deduction reference number: VERSION 11.1 Witness 1 Y Y M M D D Y Y M M D D Y Y M M D D Y Y M M D D / / / / / / / / “Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005. FUNDI Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07. Terms and Conditions apply. In support of responsible lending, FUNDI would like to notify you that you have the right to Debt Counselling. For more information, contact the NCR on ▇▇▇▇ ▇▇▇ ▇▇▇ / ▇▇▇.▇▇▇.▇▇▇.▇▇ Fundi, Constantia Park, Cnr 14th Ave & ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Road, Weltevreden Park PO Box 5287, Weltevreden Park 1715 VAT No: 4550176798 | Initiation & admin fee are VAT inclusive (Formerly known as Edu-Loan) The Parties agree that FUNDI will advance the Loan Amount to the Applicant and pay it directly to the relevant Service Provider for and on behalf of the Student. The Applicant undertakes to repay the Total Amount Repayable in the number of monthly instalments as detailed in the Repayment Schedule above. Where applicable, the Applicant authorises his/her Employer specified above to deduct the monthly instalments from his/her salary. Any charges levied by the Employer to effect the salary deduction will be for the account of the Applicant and the Employer will recover the costs directly from the Applicant’s salary. If FUNDI does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises FUNDI to deduct the monthly instalments from the bank account specified above via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified above. The Applicant will ensure that there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. FUNDI may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should FUNDI become aware of a change to the salary date or the bank account details of the Applicant, FUNDI has the right to change the debit order details accordingly. The Applicant agrees to advise FUNDI, in writing, of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the Total Monthly Instalment Amount, within 2 (two) days of such change. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that FUNDI may deduct the Total Monthly Instalment Amount from the Applicant’s salary or debit the Applicant’s bank account on the immediately preceding business day. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to FUNDI. The Applicant acknowledges that FUNDI may cede or assign (give) this debit order authority and mandate to a third party or another credit provider, if it has also ceded or assigned the loan agreement to that third party or credit provider. A6 ■ BUSINESS COMMUNICATION. Preferred method of communication: Mobile SMS Email ■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be included in FUNDI's distribution of marketing material. Yes No ■ Where did you hear about us: A7 By signing this Application Form, the Applicant confirms that the information provided herein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Please speak to your Sales Consultant for assistance in completing this form. Commission agent code: ID: Agent’s Name: Date: Signature of Credit Provider Representative Y Y M M D D Applicant Signature / /

Repayment Schedule. Repayment Date: (This date is a) If: (i) less than the same as the Applicant's salary date.) The first payment will begin on Final payment to be made on A4 Name full amount of the account holder: A5 Branch code: Type of account: Debit Order reference number: FUNDI (Loan Account Number) Bank: Account No: Salary Date: Salary deduction reference number: VERSION 11.1 Witness 1 Y Y M M D D Y Y M M D D Y Y M M D D Y Y M M D D / / / / / / / / “Pre-Covered Lenders Commitment is disbursed under this Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 the remainder of the National Credit ActCovered Lenders Commitment is reduced to zero or otherwise cancelled at the end of the Availability Period, 34 then the Repayment Schedule shall be adjusted by deducting the amount of 2005. FUNDI Capital such reduction or cancellation pro rata (Ptyin line with the relevant percentage figures set out in the Repayment Schedule) Ltd from each of the Repayment Instalments; or (formerly Edu-Loan ii) any portion of the Covered Lenders Facility is prepaid in accordance with this Agreement and the Common Terms Agreement, then the Repayment Schedule shall be adjusted by deducting the amount of such prepayment from each of the Repayment Instalments either in inverse order of maturity or on a pro rata basis (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07. in line with the relevant percentage figures set out in the Repayment Schedule), as expressly required by the Common Terms and Conditions apply. In support of responsible lendingAgreement, FUNDI would like to notify you that you have the right to Debt Counselling. For more informationprovided that, contact the NCR on ▇▇▇▇ ▇▇▇ ▇▇▇ / ▇▇▇.▇▇▇.▇▇▇.▇▇ Fundi, Constantia Park, Cnr 14th Ave & ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Road, Weltevreden Park PO Box 5287, Weltevreden Park 1715 VAT No: 4550176798 | Initiation & admin fee are VAT inclusive (Formerly known as Edu-Loan) The Parties agree that FUNDI will advance the Loan Amount each Repayment Instalment shall be rounded up to the Applicant nearest multiple of US$1,000 and pay it directly the aggregate amount of any increases resulting from such adjustments shall be deducted from the final Repayment Instalment. (b) If any adjustment to the relevant Service Provider for Repayment Schedule is required pursuant to paragraph (a) above, the Covered Lenders Facility Agent shall promptly (and on behalf in any event no later than ten (10) Business Days after such event) prepare and deliver to the Covered Lenders, the Borrower and the Intercreditor Agent (to forward to the JBIC Facility Agent and ADB) an amended Repayment Schedule, and such amended Repayment Schedule shall replace the then-effective Repayment Schedule and, in the absence of manifest or computational error, bind the Student. The Applicant undertakes Borrower irrevocably and unconditionally to repay the Total Amount Repayable Advances in the number of monthly instalments as detailed in accordance therewith. (c) The Covered Lenders Facility Agent may from time to time make any reasonable amendment to the Repayment Schedule above. Where applicable, to adjust the Applicant authorises his/her Employer specified above amount of any Repayment Instalments so as to deduct the monthly instalments from his/her salary. achieve whole numbers in each case. (d) Any charges levied failure by the Employer Covered Lenders Facility Agent to effect prepare or deliver an amended Repayment Schedule shall not affect the salary deduction will be for Borrower’s obligation to make any repayment in accordance with the account provisions of the Applicant this Agreement and the Employer will recover the costs directly from the Applicant’s salary. If FUNDI does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises FUNDI to deduct the monthly instalments from the bank account specified above via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified above. The Applicant will ensure that there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. FUNDI may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should FUNDI become aware of a change to the salary date or the bank account details of the Applicant, FUNDI has the right to change the debit order details accordingly. The Applicant agrees to advise FUNDI, in writing, of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the Total Monthly Instalment Amount, within 2 (two) days of such change. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that FUNDI may deduct the Total Monthly Instalment Amount from the Applicant’s salary or debit the Applicant’s bank account on the immediately preceding business day. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Common Terms Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to FUNDI. The Applicant acknowledges that FUNDI may cede or assign (give) this debit order authority and mandate to a third party or another credit provider, if it has also ceded or assigned the loan agreement to that third party or credit provider. A6 ■ BUSINESS COMMUNICATION. Preferred method of communication: Mobile SMS Email ■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be included in FUNDI's distribution of marketing material. Yes No ■ Where did you hear about us: A7 By signing this Application Form, the Applicant confirms that the information provided herein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Please speak to your Sales Consultant for assistance in completing this form. Commission agent code: ID: Agent’s Name: Date: Signature of Credit Provider Representative Y Y M M D D Applicant Signature / /.

Repayment Schedule. Repayment Date: (This date is a) If: (i) less than the same as the Applicant's salary date.) The first payment will begin on Final payment to be made on A4 Name full amount of the account holder: A5 Branch code: Type of account: Debit Order reference number: FUNDI (Loan Account Number) Bank: Account No: Salary Date: Salary deduction reference number: VERSION 11.1 Witness 1 Y Y M M D D Y Y M M D D Y Y M M D D Y Y M M D D / / / / / / / / “Pre-JBIC Commitment is disbursed under this Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 the remainder of the National Credit ActJBIC Commitment is reduced to zero or otherwise cancelled at the end of the Availability Period, 34 then the Repayment Schedule shall be adjusted by deducting the amount of 2005. FUNDI Capital such reduction or cancellation pro rata (Ptyin line with the relevant percentage figures set out in the Repayment Schedule) Ltd from each of the Repayment Instalments; or (formerly Edu-Loan ii) any portion of the JBIC Facility is prepaid in accordance with this Agreement and the Common Terms Agreement, then the Repayment Schedule shall be adjusted by deducting the amount of such prepayment from each of the Repayment Instalments either in inverse order of maturity or on a pro rata basis (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07. in line with the relevant percentage figures set out in the Repayment Schedule), as expressly required by the Common Terms and Conditions apply. In support of responsible lendingAgreement, FUNDI would like to notify you that you have the right to Debt Counselling. For more informationprovided that, contact the NCR on ▇▇▇▇ ▇▇▇ ▇▇▇ / ▇▇▇.▇▇▇.▇▇▇.▇▇ Fundi, Constantia Park, Cnr 14th Ave & ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Road, Weltevreden Park PO Box 5287, Weltevreden Park 1715 VAT No: 4550176798 | Initiation & admin fee are VAT inclusive (Formerly known as Edu-Loan) The Parties agree that FUNDI will advance the Loan Amount each Repayment Instalment shall be rounded up to the Applicant nearest multiple of USD1,000 and pay it directly the aggregate amount of any increases resulting from such adjustments shall be deducted from the final Repayment Instalment. (b) If any adjustment to the relevant Service Provider for Repayment Schedule is required pursuant to paragraph (a) above, the JBIC Facility Agent shall promptly (and on behalf in any event no later than ten (10) Business Days after such event) prepare and deliver to JBIC, the Borrower and the Intercreditor Agent (to forward to ADB and the Covered Lenders Facility Agent) an amended Repayment Schedule, and such amended Repayment Schedule shall replace the then-effective Repayment Schedule and, in the absence of manifest or computational error, bind the Student. The Applicant undertakes Borrower irrevocably and unconditionally to repay the Total Amount Repayable Advances in the number of monthly instalments as detailed in accordance therewith. (c) The JBIC Facility Agent may from time to time make any reasonable amendment to the Repayment Schedule to adjust the amount of any Repayment Instalments so as to achieve whole numbers in each case as provided in Section 7.2(a) above. Where applicable, the Applicant authorises his/her Employer specified above to deduct the monthly instalments from his/her salary. . (d) Any charges levied failure by the Employer JBIC Facility Agent to effect prepare or deliver an amended Repayment Schedule shall not affect the salary deduction will be for Borrower’s obligation to make any repayment in accordance with the account provisions of the Applicant this Agreement and the Employer will recover the costs directly from the Applicant’s salary. If FUNDI does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises FUNDI to deduct the monthly instalments from the bank account specified above via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified above. The Applicant will ensure that there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. FUNDI may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should FUNDI become aware of a change to the salary date or the bank account details of the Applicant, FUNDI has the right to change the debit order details accordingly. The Applicant agrees to advise FUNDI, in writing, of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the Total Monthly Instalment Amount, within 2 (two) days of such change. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that FUNDI may deduct the Total Monthly Instalment Amount from the Applicant’s salary or debit the Applicant’s bank account on the immediately preceding business day. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Common Terms Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to FUNDI. The Applicant acknowledges that FUNDI may cede or assign (give) this debit order authority and mandate to a third party or another credit provider, if it has also ceded or assigned the loan agreement to that third party or credit provider. A6 ■ BUSINESS COMMUNICATION. Preferred method of communication: Mobile SMS Email ■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be included in FUNDI's distribution of marketing material. Yes No ■ Where did you hear about us: A7 By signing this Application Form, the Applicant confirms that the information provided herein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Please speak to your Sales Consultant for assistance in completing this form. Commission agent code: ID: Agent’s Name: Date: Signature of Credit Provider Representative Y Y M M D D Applicant Signature / /.