Common use of Breach of Terms Clause in Contracts

Breach of Terms. If the Borrower fails to make payment of any instalment on due date and the Lender decides to enforce the acceleration clause, he shall first give written notice to the Borrower calling upon him or her to make payment within (number) days, failing which the Lender shall be entitled to claim payment of whatever is due in terms of this agreement by way of summons.

Breach of Terms. If the Borrower fails to make payment of any instalment on due date and the Lender decides to enforce the acceleration clause, he shall first rst give written notice to the Borrower calling upon him or her to make payment within (number) days, failing which the Lender shall be entitled to claim payment of whatever is due in terms of this agreement by way of summons.

Breach of Terms. If the Borrower fails to make payment of any instalment on due date and the Lender decides to enforce the acceleration clause, he shall first give written notice to the Borrower calling upon him or her to make payment within (number) days, failing which the Lender shall be entitled to claim payment of whatever is due in terms of this agreement by way of summons.