Making repayments Sample Clauses

The 'Making repayments' clause sets out the borrower's obligation to pay back the amounts owed under an agreement, typically specifying the timing, method, and manner of repayment. It may detail whether repayments are to be made in installments or as a lump sum, outline acceptable payment methods such as bank transfer or cheque, and clarify the schedule for when payments are due. This clause ensures both parties have a clear understanding of how and when repayments must be made, reducing the risk of disputes and providing a framework for managing the repayment process.
Making repayments. (a) Your minimum repayment must have cleared and be credited to your account by the payment date shown on your statement. Your repayments will reduce your balance outstanding only when they have cleared. (b) If you have not checked a statement for any reason, you must still pay at least the minimum repayment shown on it. (c) If you only make the minimum repayment each month, it will take longer to pay off your balance outstanding, and it will cost more. You can pay more than the minimum repayment at any time, including paying off your entire balance outstanding. (d) Any refunds credited to your account will not count towards your minimum repayment. You must still pay the full minimum repayment, unless the refund reduces your balance outstanding to an amount which is less than your minimum repayment. In this case you will only have to pay the balance outstanding. (e) If you are in financial difficulties, or we otherwise think it is the right thing to do as a responsible lender, we may: (i) agree a reduced repayment plan; (ii) suspend the charging of interest; or (iii) take any other action that we think is appropriate. Any such action will not change the terms and conditions of this agreement. Instead, we agree not to fully enforce the rights we have under this agreement to collect the full amount we are entitled to for a limited period. We will always tell you how long this period is, and provide you with full details of any action we propose to take. (f) You can make a repayment by the following methods. (i) Debit card – you can make a one-off repayment from your debit card in Online Banking or our Mobile App, or set up an ongoing repayment. (ii) Bank transfer – you can transfer money to your account using the sort code and account number linked to your account. These details are on your statement. (iii) Standing order.
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Making repayments. (a) Your Minimum Repayment must be credited to your Account in cleared funds by the Payment Date specified in your Statement of Account each month. Repayments will reduce your Balance Outstanding only when they reach your Account. (b) If you have not accessed a Statement for any reason, you must still pay at least the Minimum Repayment. You can pay more than the Minimum Repayment at any time, including paying your entire Balance Outstanding. (c) You can make a payment by the following methods: • Debit card: you can make a one-off payment from your debit card in online banking or set up an ongoing payment; • Bank transfer: you can transfer money to your Cashplus credit card account using the sort code and account number linked to your account; • Standing order: you can set up an ongoing payment from any bank account to you Cashplus credit card account;
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Making repayments. 9.1 You can contact us to set up a Direct Debit to pay either the minimum payment or the full balance each month. You can cancel Direct Debit instructions up to 8pm five Business Days before the payment is due to be paid. If the payment due date falls on a weekend or bank holiday, we take the payment on the next Business Day. A Business Day is usually Monday to Friday (excluding bank holidays). For example, for some payments our Business Day is all day, every day, but branch opening hours will be the normal Business Day for payments at a branch. What do we mean by Business Day? 9.2 Your Direct Debit (or standing order) to pay this credit card may be cancelled by your bank if you don’t use the card for 12 months. 9.3 We don’t accept cash deposits as a payment method for credit cards. When making an electronic payment to your account, it’s important you use the correct sort code, account number and card details.
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Related to Making repayments

  • Repayments and Prepayments The Borrower shall repay the Loans in fourteen equal semi-annual installments on the last day of each Interest Period, as set forth on Schedule II hereto. In addition, the Borrower (a) may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided that (i) any such prepayment shall be made pro rata among all Loans and applied in inverse order of maturity; (ii) all such voluntary prepayments shall require at least three Business Days (or, if such prepayment is to be made on the last day of an Interest Period for the Loans, two Business Days) prior written notice to the Administrative Agent; and (iii) all such voluntary partial prepayments shall be in an aggregate minimum amount of $10,000,000 and a multiple of $1,000,000 (or the remaining amount of the Loans being prepaid); and (b) shall, immediately upon any acceleration of the Stated Maturity Date of the Loans pursuant to Section 8.2 or 8.3 or the mandatory repayment of the Loans pursuant to Section 9.2, repay all Loans. Each prepayment of any Loans made pursuant to this Section shall be without premium or penalty, except as may be required by Section 4.4, provided that any prepayment under this Agreement shall be made subject to payment by the Borrower to the Administrative Agent (for the account of the FEC Counterparty) of any FEC Break Costs on written demand by the FEC Counterparty, which demand shall set forth the amount of the FEC Break Costs and reasonably detailed calculations thereof.

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. 10604. 1.2 Payments and prepayments of principal and interest on this Note shall be made in lawful money of the United States of America. 1.3 If any payment on this Note becomes due and payable on a Saturday, Sunday or other day an which commercial banks in New York City are authorized or required by law to close, the maturity thereof shall be extended to the next succeeding business day, and, with respect to payments of principal, interest thereon shall be payable during such extension at the then applicable rate. 1.4 The Company shall be obligated to prepay the outstanding principal amount of this Note within ten (10) days after such time as (i) the Company receives net proceeds of at least $1,000,000 from an equity financing, or (ii) the Company sells substantially all its assets. The Company shall have the right at any time and from time to time to prepay this Note in whole or in part, together with interest on the amount prepaid to the date of prepayment, without penalty or premium. Upon payment of part of the principal amount of this Note, the Company may require the holder to present this Note for notation of such payment and, if this Note is paid in full, require the holder to surrender this Note. 1.5 Upon payrnent in full of all outstanding principal and interest due under this Note, the Company's obligations in respect of payment of this Note shall terminate and the holder shall return it to the Company.

  • Prepayments (a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (iii) any prepayment of Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages. (b) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $500,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. (c) If for any reason the Total Outstandings at any time exceed the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b) unless after the prepayment in full of the Committed Loans and the Swing Line Loan the Total Outstandings exceed the Aggregate Commitments then in effect. (d) If the Borrower fails to obtain any approval, consent or authorization from any Governmental Authority which is necessary or required in order to permit the Borrower to incur Obligations hereunder on or before December 31 of each calendar year, then the Borrower shall immediately prepay all outstanding Loans and Cash Collateralize all L/C Obligations to the extent, and only to the extent, such outstanding Loans and L/C Obligations are not authorized by the then effective necessary or required approvals, consents and authorizations from such Governmental Authorities.

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Repayments a. The Grantee shall refund to Florida Housing any funds paid in excess of the amount to which the Grantee is entitled under the terms and conditions of this Agreement. b. The Grantee shall refund to Florida Housing any funds not spent in accordance with the conditions of this Agreement or applicable law. Such reimbursement shall be sent to Florida Housing within 30 calendar days from Grantee's receipt of notification of such non-compliance. c. The Grantee’s obligations under this section will survive the termination of the Agreement.