Term 1: 27 January (school teachers start) to 24 March *. Term 2: 11 April to 24 June. Term 3: 11 July to 16 September. Term 4: 3 October to 20 December. * The first day of Term 1 is a student-free day in all government schools to allow for appropriate planning to take place for the arrival of students.erm 2: 18 April to 30 June. Term 3: 17 July to 22 September. Term 4: 9 October to 22 December. * The first day of Term 1 is a student-free day in all government schools to allow for appropriate planning to take place for the arrival of students.
A commitment fee is a charge that a lender imposes on a borrower as compensation for keeping a line of credit open. This fee represents the lender's promise to adhere to the agreed-upon terms of the loan, such as specific dates of availability and rates of interest, regardless of financial market conditions. A commitment fee is often confused with the interest rates charged on a loan; however, they are different. A commitment fee is charged on future or unused credit while interest is charged on loan amounts that have already been disbursed to the borrower.
A firm loan commitment is a lender's unqualified promise to provide you with a stated amount of debt under specified terms. The firm commitment letter has an end-date; if you don't fund the loan within that period, the offer expires, and the lender may charge you for the cancellation.