ACTIONS AFTER DEFAULT. The following paragraph applies to borrowers in Colorado, District of Columbia, Iowa, Kansas, Maine, Massachusetts, Missouri, Nebraska, West Virginia, Wisconsin and South Carolina borrowers of state chartered credit unions: When You are in default and after expiration of any right You have under applicable state law to cure Your default, We can demand immediate payment (acceleration) of the entire unpaid balance under this Agreement without giving You advance notice. We may also exercise any other rights given by law when You are in default.
ACTIONS AFTER DEFAULT. When you are in default and after any notice of default and expiration of any right you may have under applicable state law to cure your default, we can require immediate payment (acceleration) of the entire unpaid balance under the Agreement. When you are in default any commitment or obligation we may have under this Agreement or any related document shall immediately terminate, including any obligation to advance additional funds. You waive any right you have to demand for payment, notice of dishonor, notice of intent to accelerate, and notice of acceleration or notice of demand for payment. If immediate payment is demanded, you will continue to pay interest until what you owe has been repaid, at the applicable interest rates in effect or, if applicable, at the default rate disclosed on the Business Credit Agreement Rider or Business Loan Receipt. If a demand for immediate payment has been made, your shares and/or deposits can be applied towards what you owe as provided in the Section called PLEDGE OF SHARES/STATUTORY LIEN. We can also exercise any other legal rights we may have when you are in default. You agree that we have the right to the extent permitted by applicable law to take possession of any property given as security for any Loan or this Agreement, without judicial process, if this can be done without breach of the peace. If we ask, you promise to deliver the property at a time and place we choose. If the property is a motor vehicle or boat, you agree that we may obtain a key or other device necessary to unlock and operate it, when you are in default. We will not be responsible for any other property not covered by this Agreement that you leave inside the property or that is attached to such property. We will make a reasonable effort to return that property to you or make it available for you to claim if you timely demonstrate that we hold property which is not subject to our security interest. We will not have any obligation to hold or maintain any such property for more than fifteen (15) days from the date that we take possession of any collateral upon which we hold a security interest and may thereafter liquidate such property and/or dispose of such property that appears to be of little monetary value. The proceeds, if any, from any such liquidation/disposal shall be paid into your share or other Credit Union accounts. After we have possession of the property, we can sell it and apply the money to any amounts you owe us. Unless the propert...
ACTIONS AFTER DEFAULT. When you are in default and after expiration of any right you have under applicable state law to cure your default, we can demand immediate payment of the entire unpaid balance under the Agreement without giving you advance notice. You promise to pay all costs, including but not limited to any attorney fees, we incur in protecting our security interest and rights to collect, to the extent permitted by applicable law. While in default, we will block your Visa Credit Card and you will need to reapply to reopen your credit card account.
ACTIONS AFTER DEFAULT. If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise), the Purchasers may exercise any of their rights by operation of law or otherwise including their rights under the Put and Call Agreement and/or the Certificate of Designation of the Preferred Stock, Series B.
ACTIONS AFTER DEFAULT. The following paragraph applies to borrowers in Colorado, District of Columbia, Iowa, Kansas, Maine, Massachusetts, Missouri, Nebraska, West Virginia, Wisconsin and state chartered credit unions lending to South Carolina borrowers: When you are in default and after expiration of any right you have under applicable state law to cure your default, we can demand immediate payment of the entire unpaid balance under the Plan without giving you advance notice. The following paragraph applies to borrowers in all other states and to federally chartered credit unions lending to South Carolina borrowers: When you are in default, we can require immediate payment (acceleration) of the entire unpaid balance under the Plan. You waive any right you have to demand for payment, notice of intent to accelerate and notice of acceleration. The following paragraph applies to all borrowers: If immediate payment is demanded, you will continue to pay interest until what you owe has been repaid at the applicable interest rates in effect or, if applicable, at the default rate disclosed on the Addendum. If a demand for immediate payment has been made, the shares and/or deposits can be applied towards what you owe as provided in the Section above called "Security". We can also exercise any other rights given by law when you are in default, and any rights we have under any Security Agreements you have with us.
ACTIONS AFTER DEFAULT. Should COUNTY exercise any of its options, remedies or rights 15 granted pursuant to the terms of this Agreement in the event of a default by 16 CONTRACTOR, COUNTY at its sole election may, but shall not be obligated to, use 17 any materials, supplies, tools or equipment on the work site which belong to 18 CONTRACTOR to complete the Work required to be completed by CONTRACTOR, 19 whether such work is completed by COUNTY or by others, and CONTRACTOR agrees 20 that it shall not remove such materials, supplies, tools and equipment from the work site 21 unless directed in writing by COUNTY to do so.
ACTIONS AFTER DEFAULT. Should COUNTY exercise any of its options, remedies or rights granted pursuant to the terms of this Agreement in the event of a default by CONTRACTOR, COUNTY at its sole election may, but shall not be obligated to, use any materials, supplies, tools or equipment on the work site which belong to CONTRACTOR to complete the Work required to be completed by CONTRACTOR, whether such work is completed by COUNTY or by others, and CONTRACTOR agrees that it shall not remove such materials, supplies, tools and equipment from the work site unless directed in writing by COUNTY to do so.
ACTIONS AFTER DEFAULT. The following paragraph applies to borrowers in Colorado, District of Columbia, Iowa, Kansas, Maine, Massachusetts, Missouri, Nebraska, West Virginia, Wisconsin and South Carolina borrowers of state chartered credit unions: When You are in default and after expiration of any right You have under applicable state law to cure Your default, We can demand immediate payment (acceleration) of the entire unpaid balance under this Agreement without giving You advance notice. We may also exercise any other rights given by law when You are in default. unpaid balance under this Agreement. We may also exercise any other rights given by law when You are in default. Unless You are a Covered Borrower under the Military Lending Act, You waive any right You have to receive demand for payment, notice of intent to accelerate and notice of acceleration.
ACTIONS AFTER DEFAULT. This section explains the actions the credit union may take after a default. Examples of action after default may include: • Borrower curing the default • Credit union may require immediate payment (acceleration) • Borrower’s shares and deposits can be applied against outstanding loan balance(s) • Xxxxxxxx must continue to pay interest on what is owed • Credit union may repossess any property used as security • Borrower may pay any amount owed when the disposition of the collateral does not cover the outstanding debt Use the numbers provided to locate the corresponding instructions on the next page. Instructions are given for each section of the document. Please refer to the corresponding number on the sample document to determine each section’s relative position on the document.
ACTIONS AFTER DEFAULT. When you are in default and after you have been given any right you have under state law to cure your default, we can require immediate payment of the entire unpaid balance under this Agreement. If we demand immediate payment, you will continue to pay interest at the rate provided for in this Agreement, until what you owe has been repaid. We will also apply against what you owe any security interest we hold under this Agreement. We may also exercise any other rights given by law when you are in default. If we must take additional actions to collect your loan, you agree to pay any collection costs (including reasonable attorney’s fees) we incur, to the extent allowed by law. Any partial payments you make will be applied first to collections costs, then to finance charges, then to principal.
