Notice of Prepayment
TO BE TYPED ON HEADED NOTEPAPER OF BORROWER/SELLER
NOTICE OF PREPAYMENT
Loan Agreement dated [date] made between [Borrower] and [Bank] (the “Loan
We refer to the Loan Agreement. Terms defined in the Loan Agreement shall have the
same meanings when used in this Notice of Prepayment.
We refer to Clause [Clause number] of the Loan Agreement, pursuant to which the Loan
may be prepaid.
We hereby give you, [Bank name], notice that we wish to effect prepayment of the entire
Loan on [date].
We authorise you to pay sums due under the Loan Agreement including accrued interest
from the sum credited to the [Account name] Account; the balance of that being freely
available to us.
shipsaleandpurchase.com, its parent, associate and subsidiary companies do not accept
any liability for the accuracy or otherwise of this document. This is provided for
information purposes only and you should seek your own independent legal advice
before using or relying upon this document.