DEFAULT ON LOAN. 11.1 An event of default (Event of Default) occurs when you:
DEFAULT ON LOAN. In the event of a default by a Participant on a loan payment, all remaining payments on the loan shall be immediately due and payable. The Plan Administrator shall take any and all actions necessary and appropriate to enforce collection of the unpaid loan. However, attachment of the Participant's Account pledged as security will not occur until a distributable event occurs under the Plan.
DEFAULT ON LOAN. In the event the Loan is not repaid in full on or before the maturity date specified in the Loan Promissory Note, the Option described in Section 3.1 shall be extinguished and Xxxxx shall have no rights with respect to it.
DEFAULT ON LOAN. 10.1. An event of default occurs when the Visitor fails to pay any outstanding sum payable for a loan granted under these Terms and Conditions for a period of 90 (ninety) consecutive days unless failure to pay is caused solely by an administrative error or a technical problem.
DEFAULT ON LOAN. 51 10.6 Setoff of Loan Upon Distributions........................................... 51 10.7
DEFAULT ON LOAN. Failure of Borrower to make any payment when due on the Note, any of the Loan Documents to which it is a party, or Debt of Borrower to the Purchaser.
