Common use of Default Loan Restriction Clause in Contracts

Default Loan Restriction. You may not enter the ESP Program if you have a loan in a default status. You will also be automatically terminated from the ESP Program if an active loan later defaults while enrolled in the program.

Default Loan Restriction. You may not enter the ESP Program if you have a loan in a default status. You will also be automatically terminated from the ESP Program if an active loan later defaults while enrolled in the program. CHANGES AND OTHER CONTRACT ACTIVITY 6.

Default Loan Restriction. You may not enter the ESP Program if you have a loan in a default status. You will also be automatically terminated from the ESP Program if an active loan later defaults while enrolled in the program.. Changes and Other Contract Activity