Default Process. If a Student defaults in the payment of rent or other housing charges, the Student may be charged a 5% late fee on the outstanding balance, remain liable for the agreed amount and any other housing charges. In addition, the Student’s University records may be placed on administrative hold.
Default Process. If a resident defaults in the payment of rent or other housing charges, the resident may be charged a 5% late fee on the outstanding balance, remain liable for the agreed amount and other housing charges, and the resident’s University records may be placed on Administrative Hold.
Default Process. Agents If the appointment of any of the persons mentioned in Clause 39.4 (Service of Process in England) ceases to be effective, the relevant Obligor shall immediately appoint another person in England to accept service of process on its behalf. If an Obligor fails to do so (and such failure continues for a period of not less than fourteen days), the Administrative Agent shall be entitled to appoint such a person by notice to such Obligor. Nothing contained herein shall restrict the right to serve process in any other manner allowed by law. Clause 39.4 (Service of Process in England) and this Clause 39.5 apply to Proceedings in England and elsewhere. AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first before written. SCHEDULE 1 The Companies
Default Process. The following default process will be followed, should the Borrower be in default:
3.18.1 If the Borrower defaults in his/her obligations under this agreement, IMATU will:
3.18.1.1 Provide the Borrower with written notice of such default requesting that the Borrower rectify the default and advising that the Borrower may refer this agreement to a Debt Counsellor, an alternative dispute resolution agent, consumer court or ombud with jurisdiction with a view to resolving any dispute under this agreement or agreeing on a plan to bring the outstanding repayments under this agreement up to date; and/or
3.18.1.2 Approach a court for an order to enforce this agreement if the Borrower is and has been in default under this agreement for at least 20 (twenty) business days and at least 10 (ten) business days have lapsed since the delivery of the notice referred to in clause 3.18.1 above without the Borrower responding to such notice or rejecting the proposals in such notice.
3.18.2 If the Borrower is in default and IMATU withdraws his/her rights in terms of this agreement and the Borrower disputes such withdrawal, the Borrower must continue to pay the amounts owing to IMATU. The acceptance of such payments by IMATU will not affect their claim of withdrawal or any other claim that IMATU may have.
3.18.3 In the event of default IMATU may at their election and without affecting any other rights that IMATU may have in terms of this agreement or otherwise, recover from the Borrower payment of all amounts owing under this agreement (whether then owing or not) by adhering to the default procedure described above.
