Delay Interest Rates, Acceleration of Credit Debts, and Legal Results of Default. The Credit Customer and his Guarantor/Guarantors hereby declare, agree and undertake that their debts arising out of this Agreement will be repaid in accordance with the Repayment Schedule, and that the installments shown in the Repayment Schedule will automatically become due and payable as of the relevant installment dates without any further notice or warning. In the case of failure in timely and complete payment of at least two consecutive installments, the Bank will grant the Credit Customer a time of 30 (thirty) days for payment of such outstanding debts. Thereupon, if all of the debts owed to the Bank, consisting of unpaid installments and other costs and expenses, are not repaid within the said period of 30 (thirty) days after the date of said notice, then the outstanding credit debts will fully become due and payable and thereafter, the Bank will have the right to initiate execution proceedings for collection of all of the outstanding credit debts.. In case of delay/default, over the accelerated balance of principal sum as from the date of acceleration they will be obliged to pay to the Bank immediately in cash and at once a delay interest to be applied on the principal sum over the contractual interest rate per month specified in Article 15 hereof plus 30% (thirty percent) thereof for the period from the date of default to the date of repayment of the full amount of outstanding debts to the Bank, together with RUSF and BITT to be levied on such interests. If and when the Credit Customer wishes to make a partial payment for the overdue installments, acceptance of this partial payment will not preclude the Bank from using its rights arising out of this Article. The Credit Customer hereby acknowledges and accepts that in spite of partial payment, the event of acceleration occurring upon satisfaction by the Bank of all of the legal conditions specified hereinabove will be applicable on the Credit Customer, and that acceptance by the Bank of the partial payment after occurrence of the event of acceleration will not be construed as renewal / postponement of debt, and that collection by the Bank of the partial payment will only be construed as a payment in account of overdue debts owed to the Bank, and that the Bank reserves its right to take legal actions and start legal Madde 7- Gecikme Xxxxx Oranları, Kredi Borcunun Muacceliyeti ve Temerrüde Düşmenin Hukuki Sonuçları Kredili Müşteri ve Kefil/Kefiller, işbu sözleşmeden doğan borçlarını xxxx XXXXX PLAN...
