Advance Repayment Sample Clauses
The Advance Repayment clause allows a borrower to pay back all or part of a loan before the scheduled due date. In practice, this means the borrower can make extra payments or settle the outstanding balance early, sometimes with or without incurring additional fees or penalties, depending on the agreement. This clause provides flexibility for borrowers to reduce interest costs and manage debt more efficiently, while also clarifying the lender’s rights regarding early payments.
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Advance Repayment. If the borrower should make the repayment in advance, the lender shall agree ; if the lender agrees to the borrower to make the repayment in advance, the interest shall be charged on the prepayment as shown in section 21.14 below :
1. The interest shall be calculated and charged according to the loan term and the interest rate agreed herein.
2. Interest shall be calculated and charged according to the actual loan term and the execution rate agreed herein 21.14 (in words).
Advance Repayment. Any debtor balance recorded in accordance with Articles 6, 10 and 11 of this Agreement may be settled at any time in advance at the request of the debtor central bank.
Advance Repayment. Where Party A repays the principal in advance, it shall submit a written application to Party B ten working days in advance, and may repay part or all of the principal in advance with the consent of Party B. Where Party A repays the principal in advance, the interest shall be calculated according to the actual fund use days and the loan interest rate specified in this Contract. If Party B agrees with Party A’s advance repayment of principal, it shall have the right to claim compensation from Party A, and the amount of compensation shall be determined according to the 1st standard below:
1. The amount of compensation = amount of advance repayment x the number of months advanced for repayment x 1‰; if it is less than one month, it shall be calculated as one month;
2. This column is left blank.
Advance Repayment. If the Borrower elects an Advance Repayment or Combination Repayment in accordance with Section 2(c), then the Borrower shall deliver an Advance Notice to the Holder in accordance with the terms and conditions of the SEPA requesting an Advance Amount equal to or greater than the applicable Installment Amount (or portion thereof that constitutes an Advance Repayment), which Advance Notice will provide for an Advance Date on or before the applicable Repayment Date. Upon the Closing of such Advance in accordance with Section 2.02 of the SEPA, the Holder shall offset the amount due to be paid by the Holder to the Borrower under the SEPA against the portion of the Installment Amount to be paid by the Advance Repayment. If any portion of the Installment Amount remains unpaid at the applicable Repayment Date, the Borrower shall repay such outstanding Installment Amount in cash pursuant to a Borrower Repayment. For the avoidance of doubt, the Premium Amount shall not apply in respect of any Installment Amount paid by an Advance Repayment or the portion of any Combination Repayment constituting an Advance Repayment, but shall apply to any Borrower Repayment or the portion of any Combination Repayment constituting a Borrower Repayment.
Advance Repayment. Upon approval by the Lender, the Borrower can make repayment ahead of the agreed date. The interest rate is the same as the original loan rate agreed with the Borrower.
Advance Repayment. Where Party A repays the principal in advance, it shall submit a written application to Party B ten working days in advance, and may repay part or all of the principal in advance with the consent of Party B. Where Party A repays the principal in advance, the interest shall be calculated according to the actual fund use days and the loan interest rate specified in this Contract. If Party B agrees with Party A’s advance repayment of principal, it shall have the right to claim compensation from Party A, and the amount of compensation shall be determined according to the 1st standard below:
1. The amount of compensation = amount of advance repayment × the number of months advanced for repayment × 1‰; if it is less than one month, it shall be calculated as one month;
2. This column is left blank. Where Party A repays the loan in installments, if it repays part of the loan principal in advance, it shall make repayment in the reverse order as specified the repayment plan. After advance repayment, the outstanding loan funds shall still bear interest according to the loan interest rate as specified in this Contract.
Advance Repayment. If the borrower wants to repay the loan in advance, he shall be approved by the loaner; if the loaner agrees, the interest of the part of the prepayment is calculated and charged by the following two ways:
1. Calculate and charge by the life of the loan and implement interest rate agreed in the contract.
2. Calculate and charge by the rate floating upward by zero percent (capitalized) on the base of the agreed implement interest rate agreed in the contract according to the actual loan life.
Advance Repayment. Each Advance is repayable in one installment. We reserve the right to charge your Linked Account, card or Exto Banking Account for Advance repayment any time after the later of: (1) we see evidence of income (such as a paycheck) deposited into your Linked Account or Exto Banking Account, or (2) the pay back date selected by you through the Mobile App. However, Exto warrants that it has no legal or contractual claim against you based on a failure to repay an Advance, but Exto will not provide you further Advances while any amount remains unpaid under the Advance Service. With respect to a failure to repay an Advance, Exto warrants it will not engage in any debt collection activities, place the amount owed with or sell to a third party, or report you to a consumer reporting agency. Exto does not waive any rights regarding fraudulent activity, and Exto will pursue instances of fraud. Although Exto is helping users avoid overdraft fees, Exto is not responsible for any overdraft fees, over-the-limit fees, insufficient fund charges, or any other bank fees that result from your failure to maintain a sufficient balance in your Linked Account or Exto Banking Account. Exto monitors your balance and will attempt to ensure you have sufficient funds before ing your account, but Exto makes no warranties that an overdraft will not occur.
Advance Repayment. 11.1 Party B may request advance repayment of the loan but such request must be approved by Party A;
11.2 If Party B repays the loan in advance, the interest will still be calculated in accordance with the provisions herein.
Advance Repayment. Advance repayment is due within sixty (60) calendar days of receipt of the advance. Provider shall report the amount of the advance repayment in ▇▇▇▇▇ using the “advances/adjustments” button on the SAMIS reimbursement screen. If a provider does not use ▇▇▇▇▇, the provider is required to deduct its advance repayment from each invoice, consecutively, until the advance is repaid in full.