Acceleration Upon Default. In the event Recipient is in default, the principal, together with a 5% fee thereon and liquidated damages, shall become immediately due and payable without notice or demand at the Commission's option.
Appears in 6 contracts
Samples: Contract and Promissory Note, Healthcare Workforce Training Commission Nursing Student Assistance Program (Matching Scholarship Loan) Contract and Promissory Note, Non Matching Scholarship Loan Contract and Promissory Note
Acceleration Upon Default. In the event Recipient is in default, the principal, together with a 5% fee thereon and liquidated damages, shall become immediately due and payable without notice or demand at the Commission's option.
Appears in 1 contract
Samples: Matching Scholarship Loan Contract
