Default Fees. If you do not make payments when due BMW will charge you:
Default Fees. Default fees in the amount of Five Hundred Dollars ($500) paid by borrowers will be payable to the Manager in its capacity as Servicer.
Default Fees. In the event of a breach of this Agreement or on enforcement of this Agreement, the following default fees may be payable: • A Default Fee of $13.95 may be payable to us if a scheduled repayment is returned unpaid. You must also pay any dishonour fee charged by your bank; • A Final Notice Fee of $15.00 may be payable to us if we need to write to you providing notice that your loan is in default and enforcement action may commence; • Collection fees imposed by a third party we engage to recover outstanding amounts; and • any other expense we, or a third party we have engaged, reasonably incurs in connection with your breach, or the enforcement of this Agreement including legal fees and court costs incurred on a full indemnity basis. We will not take a security interest over any of your property to secure your obligations under this Agreement. Part B Your right to cancel this Agreement and what to do if you suffer unforeseen hardship Statement of right to cancel Right to cancel The Credit Contracts and Consumer Finance Act 2003 gives you a right to cancel this agreement. Time limits for cancellation You must give notice that you intend to cancel within 7 working days of entering into this agreement. Saturdays, Sundays, and national public holidays are not working days. How to cancel To cancel, you must give us written notice by: • giving notice to us or one of our employees or agents; or • posting the notice to us or an agent of ours; or • emailing the notice to our email address What you may have to pay if you cancel If you cancel the contract, we can charge you the amount of any reasonable expenses we had to pay in connection with the contract and its cancellation, and interest for the period from the day you received the advance until the day you repay the advance. What to do if you suffer unforeseen hardship If you are unable to reasonably keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to the creditor for a hardship variation. To apply for a hardship variation, you need to: • make an application in writing; and • explain your reason(s) for the application; and • request one of the following: o an extension of the term of the contract (which will reduce the amount of each payment due under the contract); or
Default Fees. Without limiting the City’s other rights and remedies under this Master License, the City may require Licensee to pay Additional Fees for the City’s administrative costs in providing notice or performing inspections for the events described below (each, a “Default Fee”), by giving notice of the City’s demand that Licensee cure the default and specifying the cure period. The Default Fee for the initial notice from the City will be due and payable to the City 10 days after delivery of notice to Licensee. In addition, if Licensee fails to cure the condition within the cure period set forth in the initial notice, and the City then delivers to Licensee a follow-up notice requesting compliance, then the Default Fee for the follow-up notice will be due and payable to the City 10 days after delivery of the follow-up notice to Licensee. Default Fees will apply to any of the following events:
Default Fees. If you default under this contract (including a default in payment) you will become liable for all costs, charges and expenses provided for in clause 19 of the Terms and Conditions, including, but not limited to, the Lender’s own internal costs of administering the default (such as having to send arrears letters and notices and instruct solicitors) and all legal fees and disbursements calculated on a solicitor and own client basis incurred by the Lender in connection with the enforcement of the contract and the security documents Default fees become payable on the day the letter is generated, or on the day the service relating to the default fee was rendered or invoiced to the creditor. Charges incurred as a result of a default which are invoiced to the creditor by a third party are passed on to your account at the invoiced amount. Outline of fees as at the date of this statement: ▪ Standard overdue notice $13.00 ▪ Reversed payment letter $15.00 ▪ Repossession warning $26.00 ▪ Post-possession notice $27.00 ▪ Letter of demand $30.00 ▪ Standard repossession charge $200.00 (passed on at cost, actual cost can vary) FULL PREPAYMENT If you pay the unpaid balance in full before the final payment is due (full prepayment), you will be required to pay a fee or charge to compensate the creditor for the loss (if any) resulting from the full prepayment. While the creditor has opted not to use the formula prescribed by the Credit Contracts and Consumer Finance Regulations 2004 to calculate the charge, the charge is only intended to compensate the creditor for the loss they incur as a result of full repayment. See below for a description and formula showing how this fee is calculated. You may also be required to pay an account closure administration fee being a charge equal to the creditor’s average monthly administration cost arising from full prepayments, as well as the actual costs the creditor incurs in releasing security interests relating to the credit contract. As at the date this statement, these fees were: ▪ Account closure administration fee $45.00 ▪ Discharge of caveat $220.00 ▪ Discharge of mortgage $220.00 The amount of any fee or charge specified above in this disclosure statement is subject to change, and the amount that will be charged will be the creditor’s standard fee or charge at the time that particular fee or charge is imposed. Fee to compensate the creditor for the loss resulting from full prepayment The amount you will have to pay to compensate th...
Default Fees. If any Person fails to pay any of the Obligations when due, such Person agrees to pay, on demand, the Default Fee in respect thereof until paid. Notwithstanding the foregoing, no provision of this Agreement or the Fee Letter shall require the payment or permit the collection of any amounts hereunder in excess of the maximum permitted by applicable law.
Default Fees. In addition to all other rights and remedies available to the City, the City may require Licensee to pay an additional fee for any and all actual costs incurred by the City in connection with a default event to reimburse the City’s administrative cost to enforce compliance with this License (each a “Default Fee”). Licensee shall pay the Default Fee within 30 days after the City’s written demand for reimbursement and reasonable documentation to support such costs. If Licensee fails to timely pay the Default Fee or cure the underlying default within the applicable cure period, the City shall have the right (but not the obligation) to send Licensee a follow-up notice and demand for an additional Default Fee that will be due and payable within 10 days. Licensee’s obligation to pay Default Fees is separate and distinct from the underlying default. Default Fee payments shall not be deemed to cure the underlying default.
Default Fees. If the Customer breaches a Transaction Document or enforcement action is taken under a Transaction Document, the Customer will, upon demand by the Creditor, pay to the Creditor default fees at the rates and times specified under the “Default Fees” heading in the “What could happen if you fail to meet your commitments” section of the Principal Terms of the relevant Facility Agreement.
Default Fees. Without limiting the City’s other rights and remedies under this Master License, the City may require Licensee to pay Additional Fees for the City’s administrative costs in providing notice or performing inspections for the events described below (each, a “Default Fee”), by giving notice of the City’s demand that Licensee cure the default and specifying the cure period. The Default Fee for the initial notice from the City will be due and payable to the City 10 days after delivery of notice to Licensee. In addition, if Licensee fails to cure the condition within the cure period set forth in the initial notice, and the City then delivers to Licensee a follow-up notice requesting compliance, then the Default Fee for the follow-up notice will be due and payable to the City 10 days after delivery of the follow-up notice to Licensee. Once the City has accepted a Default Fee for a particular violation, which it is not in any way obligated to do, the City shall be prohibited from pursuing any other remedies for such violation. Default Fees will apply to any of the following events:
Default Fees. Without limiting the SFPUC’s other rights and remedies under this Master License, the SFPUC may require Licensee to pay Additional Fees for the SFPUC’s administrative cost in providing notice or performing inspections for the events described below (each, a “Default Fee”), by giving notice of the SFPUC’s demand that Licensee cure the default and specifying the cure period. The Default Fee for the initial notice from the SFPUC will be due and payable to the SFPUC 10 days after delivery of notice to Licensee. In addition, if Licensee fails to cure the condition within the cure period set forth in the initial notice, and the SFPUC then delivers to Licensee a follow-up notice requesting compliance, then the Default Fee for the follow-up notice will be due and payable to the SFPUC 10 days after delivery of the follow-up notice to Licensee. Default Fees will apply to any of the following events:
