Early Repayment Fee definition

Early Repayment Fee means a fee up to 5% as determined by the Manager, in its sole discretion, of the original principal balance of the Note, plus an amount equal to the interest rate differential between the original interest stated on the Note and the interest allocable to the shortened holding period, per the original executed Note Schedule, will be charged for any Notes repurchased early. The Manager may or may not approve a request for Redemption, prior to the Maturity Date, in its sole discretion.

Early Repayment Fee means 5%, or other figure as determined by the Manager, of the original Note principal plus the difference in Note Rate on the original executed Note Schedule between the Note Rate of the Note’s original Term and the Note Rate of the Note’s actual Term to repayment, as determined by the Manager upon its acceptance of the Note Holder’s repayment request.

Early Repayment Fee. For fixed-rate loans: If paid off / closed: 2% (but no more than the maximum threshold per period, as stipulated herein). X% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than 0-Yx the scheduled monthly principal, accrued interest and insurance premium at the time of payment. This provision applies during a calendar month, once only. X% if paid off with own funds. Z% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than Yx the scheduled monthly principal, accrued interest and insurance premium at the time of payment. But no more than: 2% - with more than 24 months left to credit maturity 1% - with 12 to 24 months left to credit maturity 0.5% - with 6 to 12 months left to credit maturity 0% - with less than 6 months left to credit maturity For adjustable-rate loans (tied to a Refinancing index): If paid off / closed: 0.5% (but no more than the maximum threshold per period, as stipulated herein). X% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than 0-Yx the scheduled monthly principal, accrued interest and insurance premium at the time of payment. This provision applies during a calendar month, once only. X% if paid off with own funds. Z% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than Yx the scheduled monthly principal, accrued interest and insurance premium at the time of payment. But no more than: 0.5% - with more than 6 left until the expiration of the agreement 0% - with less than 6 months left until the expiration of the agreement If there of a grace period on the loan: Interest will accrue on the loan continuously and without any changes during the Grace Period and be paid after the Grace Period in accordance with the Repayment Schedule. If the loan is prepaid in full or partially during the Grace period, the Borrower shall pay all expenses accrued before the date of prepayment, including the insurance premium (in any) as well as interest (on a pro rata basis); If the loan is prepaid after the Grace period, the Borrower shall pay the full amount of interest accrued during the Grace Period (and distributed over subsequent scheduled payments), as well as the interest, insurance premium (if any) and other charges accrued after the Grace Period up to the date of prepayment. External Refinancing Fee: For fixed-rate loans: 2% of the scheduled monthly principal, accrued in...

Examples of Early Repayment Fee in a sentence

• 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.

• 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.

• Why an Early Repayment Fee may be payable under our BNZ borrowing contracts.

• Given that (i) the Jiacheng Engineering Companies is entitled to a waiver of the Early Repayment Fee; and (ii) they have previously obtained additional financing from GDH Finance in June 2021 at an interest rate lower than that under the Finance Lease Agreement, which may be applied to the repayment of amounts payable under the Finance Lease Agreement, the Novation affords the Jiacheng Engineering Companies the flexibility and opportunity to further lower their finance costs on the whole.

• Guangdong Financial Leasing has agreed that, subsequent to the Novation, the Jiacheng Engineering Companies may early repay the outstanding principal amount of RMB49,195,862.87 under the Finance Lease Agreement (as supplemented by the Novation Agreement) and terminate such agreement with the Early Repayment Fee being waived.

More Definitions of Early Repayment Fee

Early Repayment Fee means any fee (other than a Redemption Fee) which a Borrower is required to pay in the event that the Borrower is in default or his or her Loan becomes repayable for any other mandatory reason or he or she repays all or any part of the relevant Loan before a specified date;

Early Repayment Fee means the fee payable by you in the event you prepay the Unpaid Balance early as set out under the heading “Full Prepayment” in the Initial Disclosure Statement; “Event of Default” means any of the events outlined in clause 20.0;

Early Repayment Fee means a fee of the amount set out in the First Schedule.

Early Repayment Fee shall have the meaning assigned thereto in the Side Letter.

Early Repayment Fee has the meaning ascribed to it under the section headed “The Novation Agreement - Consideration” in this announcement; “Finance Lease Agreement” the finance lease agreement entered into between CGN Financial Leasing and the Jiacheng Engineering Companies on 24 December 2019;

Early Repayment Fee means the aggregate of:

Early Repayment Fee. For fixed-rate loans: 0.0% of the amount paid towards the outstanding principal balance – if the prepaid amount is more than 0x the scheduled monthly principal, accrued interest and insurance premium at the time of payment. X% - if paid off with own funds. But no more than: 2% - with more than 24 months left to credit maturity 1% - if 12 to 24 months left to credit maturity 0.5% - if 6 to 12 months left to credit maturity 0% - with less than 6 months left to credit maturity For adjustable-rate loans (tied to a Refinancing/LIBOR index): If paid off / closed: 5.0% (but no more than the maximum threshold per period, as stipulated herein).