Delinquency and Default Sample Clauses
Delinquency and Default. (a) Subject to Section 3.01(g), in the event that any Mortgage Loan is in Early Stage Delinquency, Early Stage Default or Advanced Default, the Servicer shall proceed according to the Delegated Authority Guidelines. If the portion of any Liquidation Proceeds allocable as a recovery of interest on any Mortgage Loan is less than the full amount of accrued and unpaid interest on such Mortgage Loan as of the date such proceeds are received, then the applicable Servicing Fees with respect to such Mortgage Loan shall be paid first and any amounts remaining thereafter shall be deposited into the Servicer Custodial Account.
(b) Consistent with the terms of this Agreement, the Servicer may pursue loss mitigation activities as set forth in the Delegated Authority Guidelines. Without limiting the generality of the foregoing and provided such action is in accordance with the Delegated Authority Guidelines, the Servicer in its own name or acting through subservicers or agents is hereby authorized and empowered when the Servicer believes it appropriate and reasonable in its best judgment, to execute and deliver, on behalf of itself and the Trustee, the Depositor, the Master Servicer, the Securities Administrator, the Custodian and the Certificateholders, all instruments of satisfaction or cancellation, or of partial or full release, discharge, sale and all other comparable instruments, with respect to the Mortgage Loans and the Mortgaged Properties and to institute foreclosure proceedings or obtain a deed in lieu of foreclosure so as to convert the ownership of such properties, and to hold or cause to be held title to such properties, on behalf of the Certificateholders pursuant to the provisions of Sections 3.02 and 3.11.
(c) The Servicer shall deliver to the Custodian on behalf of the Trustee the original documents evidencing an assumption, Servicer Modification, consolidation or extension of any Mortgage Loan entered into in accordance with this Agreement.
(d) Notwithstanding anything to the contrary herein or under the Delegated Authority Guidelines, no modification, sale, refinancing, foreclosure or similar action shall be permitted in respect of any Mortgage Loan unless such Mortgage Loan is in default or such default is, in the judgment of the Servicer or Interim Subservicer, reasonably foreseeable within the meaning of the REMIC Provisions.
Delinquency and Default. I agree to pay the costs you incur to collect this note in the event of my default, including your attorney fees. _X_ LATE CHARGE: IF CHECKED I AGREE TO PAY A LATE CHARGE EQUAL TO 5.00% OF THE FULL AMOUNT OF THE SCHEDULED PAYMENT MADE MORE THAN 15 DAYS AFTER IT IS DUE, WITH A MINIMUM OF $5.00, UP TO A MAXIMUM OF $50.00.
Delinquency and Default. (a) In the event of any default or breach by Licensee of the terms or conditions of this Agreement, Library shall have all rights and remedies available to it at law or in equity, in addition to those rights and remedies specifically set forth in this Agreement. All rights and remedies of Library enumerated in this Agreement shall be cumulative, and none shall exclude any other rights or remedies available at law or in equity.
(b) The rights and remedies provided to Library hereunder are intended to be in addition to and not in lieu of any other rights and remedies, including specific performance and/or injunction, which may be available to Library at law or in equity. No waiver by Library or any covenant or condition or of the breach of any covenant or condition of this Agreement shall be taken to constitute a waiver of any subsequent breach of such covenant or condition nor to justify or authorize the nonobservance on any other occasion of the same or of any other covenant or condition hereof.
Delinquency and Default. If you fail to make any payment when due in the manner required by this Agreement, you will be delinquent. If you are delinquent, have filed or have instituted against you bankruptcy or insolvency proceedings or are in breach any o ther material term of this Agreement, we may, to the extent and at the time permitted by applicable law, deem you in default and accelerate the maturity of this Agreement and all payments due hereunder. If you fail to make a paymen t required under this Agreement, we reserve the right to limit, restrict, suspend or terminate your access to your Strai ght Trays account.
Delinquency and Default. 3.06 In the event, Lessee fails to remit to Authority, in cash, the advance annual rental (or advance monthly installments equal to one-twelfth (1/12) of the annual rental) more than 30 days beyond the due date, Lessee shall be deemed in default of this lease and agreement.
3.07 All annual rental payments (or monthly installments equal to one-twelfth of the annual rental) due and owing, but unpaid more than 30 days beyond the due date shall be deemed delinquent and shall be assessed a delinquency charge of one (1%) percent per month or twelve (12%) percent per annum.
3.08 In the event dispute arises as to the correct amount of rent due, Authority shall accept the sum tendered by Lessee under protest, and if a deficiency is subsequently determined, the delinquency charge shall apply only to the amount of the actual deficiency.
3.09 Should Lessee at any time violate any of the conditions of this lease requiring the payment of rentals, fuel flowage or other monetary considerations, or fail to comply with any of its obligations, as stipulated or upon the filing of a bankruptcy, receivership or respite petition by or against Lessee, or upon Lessee's suspension, failure or insolvency, the rent for the whole unexpired term of this lease shall, without demand or putting
Delinquency and Default. I agree to pay the costs you incur to collect this note in the event of my default, including your attorney fees. o Additional Charges: In addition to interest, I o have paid o agree to pay the following additional charges.
Delinquency and Default. If customer fails to make any payment when due we may discontinue service, terminate this agreement and recover all damages to which we are entitled including, without limitation, the value of the work and services performed and agreed upon The entire balance of all payments for the entire term herein shall immediately become due and payable and customer shall be liable. In addition, Company may impose a late charge of 1.5% per month (18% APR) on all payments more than 15 days past due. Transmission Liner: For alarm systems only, customer will pay all telephone charges including any installation fee for a special jack to connect the system to your telephone service. The system includes a communicator (if applicable) that sends signals to the Central Monitoring Station over your regular telephone service, and we recommend the use of an RJ31X telephone jack or equivalent jack to give the system priority over the telephones on your premises; however, you will not be able to use your telephone service to make other calls (such as calls to the 911 emergency operator) when the system is activated, therefore you may want to have the system connected to a separate telephone service. If your telephone is out of order, placed on vacation status or otherwise not working, signals cannot be transmitted and we may not know of the telephone service problem. Transmission is provided over telephone facilities that are controlled and maintained by the telephone company and are beyond our control,
Delinquency and Default. If Customer fails to make any payment when due, ▇▇▇▇▇▇▇▇ may suspend or discontinue service, terminate the agreement and/or recover all damages to which ▇▇▇▇▇▇▇▇ is entitled including, without limitation, the value of the work and services performed and any collection or attorney fees incurred by ▇▇▇▇▇▇▇▇. In addition, ▇▇▇▇▇▇▇▇ may impose a late charge of 1.5% per month on all payments more than thirty (30) days past due. Billing Name & Address: ☐ Same as Above ▇▇▇▇▇▇▇▇▇ Coun ty ▇▇▇ ▇. ▇▇▇▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇ Attn: AP Department Seguin, TX 78155 Billing Requirements: ☐✔ Paid Upon Invoice ☐ PO Required ☐ Credit Card Payment ☐✔ *Tax Exempt *If marked, must provide copy of certificate Contact Person Authorizing Agreement Name ▇▇▇▇ ▇▇▇▇▇▇▇▇ Title County Judge Phone# ▇▇▇-▇▇▇-▇▇▇▇ ▇ ▇▇▇▇ Email ▇▇▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇▇.tx.us Facility Contact Name ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title Building Maintenance Director Phone# ▇▇▇-▇▇▇-▇▇▇▇ - C ▇▇▇-▇▇▇-▇▇▇▇ ▇ ▇▇▇▇ Email ▇▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇▇.▇▇.▇▇ Scheduling Contact Name ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title Building Maintenance Director IT Director Phone# ▇▇▇-▇▇▇-▇▇▇▇ - C ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇=R/X1295 Email ▇▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇▇.tx.us ▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇▇.tx.us Billing Contact Name ▇▇▇▇▇▇▇ ▇▇▇▇▇ Title County Auditor Phone# ▇▇▇-▇▇▇-▇▇▇▇ Email ▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇▇.tx.us PLEASE COMPLETE THE FOLLOWING SECTION FOR EMERGENCY CONTACT INFORMATION: This information is MANDATORY for contacting the building owner or point of contact in the event of an alarm, or if a trouble or supervisory signal is transmitted to the monitoring station. Responding Agency (i.e.: SA Fire Dept) Seguin TX Dispatch Responding Agency Phone# GLOBAL Primary Contact Person (1st call) ▇▇▇▇▇ ▇▇▇▇▇▇▇ Primary Contact Phone # ▇▇▇-▇▇▇-▇▇▇▇ Secondary Contact Person ▇▇▇▇ ▇▇▇▇▇▇▇▇ Secondary Contact Phone # ▇▇▇-▇▇▇-▇▇▇▇ Alternate Contact Person(s) ▇▇▇▇▇ ▇▇▇▇▇▇ Alternate Contact Phone # ▇▇▇-▇▇▇-▇▇▇▇ Alternate Contact Person(s) Alternate Contact Phone # Alternate Contact Person(s) Alternate Contact Phone # “ALARM” = Call responding agency, primary contact and secondary contact ALRM = Alarm Condition on FACP “SUPV” = Call Primary and Secondary contact SUPV = Supervisory Condition on FACP “RST/TRBL” = Call Primary contact and send work order to ▇▇▇▇▇▇▇▇ RST = Restoral of Previous Condition “SYS” = Call Primary contact & send work order to ▇▇▇▇▇▇▇▇ SYS = DACT Condition All “ undefined” codes = Call Primary Contact TRBL = Trouble Condition on FACP Other: