In many of the early projects financed by bilateral or multilateral institutions, the cost of first time registration was very high, in some cases significantly above US $ 100 per parcel, possibly in excess of land values, with costs on average ranging between US$ 20 to 60 per parcel (Burns 2007). If Lender has not separately agreed that Borrower may use the Loan Management Service, any Borrowing for which the Borrower has not made an election shall be a Daily One Month LIBOR Borrowing. No Fixed Rate Advances may be made through the Loan Management Service.Īgent shall have no obligation to make a Revolving Loan through the Loan Management Service after the occurrence of a Default or an Event of Default, or in an amount in excess of Availability, and may terminate the Loan Management Service at any time in its sole discretion. Lender shall have no obligation to make an Advance through the Loan Management Service after the occurrence and during the continuance of a Default or an Event of Default, or in an amount in excess of Availability, and may terminate the Loan Management Service at any time in its sole discretion. Lender shall have no obligation to make an Advance through the Loan Management Service after the occurrence of a Default or an Event of Default, or in an amount in excess of Availability, and may terminate the Loan Management Service at any time in its sole discretion.

If you have any unpaid charges or arrears on your agreement, these will be cleared first and then the remaining amount will be used against the full or partial settlement to your loan.Provided Lender has not separately agreed that Borrowers may use the Loan Management Service, each Borrowing shall be made by a written request by an Authorized Person delivered to Lender.

If you want to make a Full Early Settlement we will tell you how much you need to pay us to clear your remaining balance completely and then confirm this to you in writing.

If you don’t tell us which option you want to take, we will automatically reduce your term meaning your monthly repayment would stay the same. If you ask us, we can tell you how both options would affect you to help you decide what to do.

If you want to make a Partial Early Settlement you can choose to either reduce the term of your loan or your monthly repayment amount.

Remember that if you change your mind you are under no obligation to proceed.

If you don’t make the payment within this timeframe you will need to contact us again so that we can provide you with up to date information - you then have a further 28 days from the day after this date to make your payment. You will have 28 days from the day after you contact us to make your payment. You can request a Partial or Full Early Settlement by either contacting us on 08 or writing to us at Customer Services Department Post Office Loans Customer Service Team

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