The Borrower may terminate the Loan Agreement and repay back all or any part of the borrowed amount on any day before the scheduled maturity date, by paying to the Bank, all interest, fees and other monies then accrued or due under this Agreement to the date of early repayment (whether or not yet payable). The Borrower should be further aware that the Bank shall apply a 2.5% interest rate calculation on the remainder of the outstanding principal amount as at the date of early repayment The Bank agrees to advance the Loan and the Obligor agrees to take the loan subject to the terms and conditions as set out in the loan application form and also herein in this offer letter. The Obligor agrees to repay the Loan (principal plus accrued interest) in accordance with the terms and conditions of this letter..
The Obligor represents and warrants that:
The occurrence of any of the following events shall cause all outstanding amounts under this facility to become immediately due and payable:
Direct Bridge NIG. LTD reserves the right at all times to vary the terms and conditions of the loan agreement. Any such variation will become effective upon notice to the Obligor by any means Direct Bridge NIG. LTD considers reasonable in the circumstance.
This loan agreement is governed by Nigerian law and the courts of the Federal Republic of Nigeria have jurisdiction in any matter arising from it.
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