Common use of CONDITIONS OF DEFAULT Clause in Contracts

CONDITIONS OF DEFAULT. We may consider you to be in default if we do not receive a required payment when due, including the minimum payment by the date shown on your Statement; you fail to comply with the terms of this Agreement; you make any false or misleading statements or omissions on your application; you file a bankruptcy petition or have one filed against you; we obtain information that causes us to believe that you may be unwilling or unable to pay your debts to us or to others on time including, but not limited to, your failure to make any payment to us on any other indebtedness or loan; you are declared incompetent by a court or a court appoints a guardian/ conservator for you or your assets; you die. If we consider your Account to be in default, we may close your account without notice and require you to pay the balance in a manner permitted by law (subject to applicable law regarding notice or right to cure). To the extent permitted by law, if you are in default you will pay our collections costs, attorneys’ fees, court costs, and all other expenses of enforcing our rights under this Agreement.

Appears in 10 contracts

Samples: Agreement, Agreement, Cardholder Agreement

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CONDITIONS OF DEFAULT. We may consider you to be in default if we do not receive a required payment when due, including the minimum payment by the date shown on your Statement; you fail to comply with the terms of this Agreement; you make any false or misleading statements or omissions on your application; you file a bankruptcy petition or have one filed against you; we obtain information that causes us to believe that you may be unwilling or unable to pay your debts to us or to others on time including, but not limited to, your failure to make any payment to us on any other indebtedness or loan; you are declared incompetent by a court or a court appoints a guardian/ conservator for you or your assets; you die. If we consider your Account to be in default, we may close your account without notice and require you to pay the balance in a manner permitted by law (subject to applicable law regarding notice or right to cure). To the extent permitted by law, if you are in default you will pay our collections collection costs, attorneys’ fees, court costs, and all other expenses of enforcing our rights under this Agreement.

Appears in 1 contract

Samples: Line of Credit Agreement

CONDITIONS OF DEFAULT. We may consider you to be in default if we do not receive a required payment when duedue , including the minimum payment by the date shown on your Statement; you fail to comply with the terms of this Agreement; you make any false or misleading statements or omissions on your application; you file a bankruptcy petition or have one filed against you; we obtain information that causes us to believe that you may be unwilling or unable to pay your debts to us or to others on time including, but not limited to, your failure to make any payment to us on any other indebtedness or loan; you are declared incompetent by a court or a court appoints a guardian/ conservator for you or your assets; you die. If we consider your Account to be in default, we may close your account Account without notice and notice, require you to pay the balance in a manner permitted by law and/or exercise our rights under the Security Agreement and Assignment of Secured Credit Card Savings Account (subject to applicable law regarding notice or right to cure). To the extent permitted by law, if you are in default you will pay our collections costs, attorneys’ fees, court costs, and all other expenses of enforcing our rights under this Agreement.

Appears in 1 contract

Samples: Cardholder Agreement

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CONDITIONS OF DEFAULT. We may consider you to be in default if (a) we do not receive a required payment when due, including the minimum payment by the date shown on your Statement; (b) you fail to comply with the terms of this Agreement; (c) you make any false or misleading statements or omissions on your application; (d) you file a bankruptcy petition or have one filed against you; (e) we obtain information that causes us to believe that you may be unwilling or unable to pay your debts to us or to others on time including, but not limited to, your failure to make any payment to us on any other indebtedness or loan; (f ) you are declared incompetent by a court or a court appoints a guardian/ conservator for you or your assets; or you die. If we consider your Account to be in default, we may close your account Account without notice and require you to pay the balance in a manner permitted by law (subject to applicable law regarding notice or right to cure). To the extent permitted by law, if you are in default you will pay our collections costs, attorneys’ fees, court costs, and all other expenses of enforcing our rights under this Agreement.

Appears in 1 contract

Samples: Cardholder Agreement

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