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SCHEDULE 3FORM OF NOTICE TO BE GIVEN IN NON-DEFAULT CASES BEFORE A CREDITOR OR OWNER CAN BECOME ENTITLED TO TERMINATE A REGULATED AGREEMENT

Rights and liabilities arising by reason of the termination of the agreement

5.  Any right or liability that will arise by reason of the termination of the agreement and the date by which the right or liability will arise, including—

(a)the amount of any sum payable by the debtor or hirer before deducting the amount of any rebate on early settlement;

(b)where any rebate on early settlement is allowable under the agreement or by virtue of section 95 of the Act—

(i)the amount of the rebate allowable calculated on the assumption that early settlement takes place on the date specified in the notice for earlier payment of the sum; and

(ii)the total amount to be paid by the debtor after taking into account the amount of any rebate on early settlement, namely the difference between the amount shown in paragraph (a) above and the amount shown in sub-paragraph (i).