Examples of Chargee in a sentence
Note: When the interest is that of Chargee and Chargor the words in brackets are deemed to be inserted in place of Mortgagee and Mortgagor.
During such extended 6 month term the Chargor shall be entitled to prepay all or any part of the principal sum outstanding hereunder on 48 hours notice to the Chargee without bonus.
The Chargee also reserves the right to charge reasonable fees for other administrative services such as, but not limited to, discharges, assumptions, transfers, payment frequency changes, mortgage statements, etc.
DISHONOURED CHEQUES The Chargor shall pay an administration fee to the Chargee for every dishonoured cheque or preauthorized cheque debit.
EXTENSION OF TERM If on or prior to maturity of this Charge the Chargor does not advise the Chargee as to its intentions respecting discharging or renewing this Charge, then provided this Charge is not then in default, at the option of the Chargee the term of this Charge may be extended for a further term of six (6) months at the rate of interest being charged by the Chargee on the maturity date of this Charge for mortgages of a similar kind for a six month term which are open for prepayment.