Common use of Canada and MSFAA-NL Clause in Contracts

Canada and MSFAA-NL. i. you fail to make regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA, and that failure continues for two consecutive months; ii. you fail to make any regularly scheduled loan payment(s) by the Loan Payment(s) Due Date in accordance with the MSFAA payment terms, and Canada or the Province demands that you make the payment(s) and you demonstrably and unequivocally refuse to do so; iii. you file for or have filed against you any bankruptcy-related proceeding; iv. you seek relief under a provincial law relating to the orderly payment of debts that includes a Canada Student Loan or NL Student Loan; or v. you are found guilty of an offence under any Act of Parliament or the Provincial Act by reason of your conduct in obtaining or repaying a Canada Student Loan, NL Student Loan or Financial Assistance.

Appears in 3 contracts

Samples: Master Student Financial Assistance Agreement, Master Student Financial Assistance Agreement, Master Student Financial Assistance Agreement

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Canada and MSFAA-NL. i. you fail to make regularly scheduled loan payment by the Loan Payment Due Date in accordance with according to the payment terms of the MSFAA, and that failure continues for two consecutive months; ii. you fail to make any regularly scheduled loan payment(s) by the Loan Payment(s) Due Date in accordance with according to the MSFAA payment terms, and Canada or the Province demands that you make the payment(s) and you demonstrably and unequivocally refuse to do so; iii. you file for or have filed against you any bankruptcy-related proceeding; iv. you seek relief under a provincial law relating to the orderly payment of debts that includes a Canada Student Loan or NL Student Loan; or v. you are found guilty of an offence under any Act of Parliament or the Provincial Act by reason of your conduct in obtaining or repaying a Canada Student Loan, NL Student Loan or Financial Assistance.

Appears in 1 contract

Samples: Master Student Financial Assistance Agreement

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