Common use of Denial, termination and immediate repayment Clause in Contracts

Denial, termination and immediate repayment. a) Your Outstanding Loan Balance will be delinquent if you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for two (2) consecutive months. b) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), and if you have not made payment in full of your overdue loan payment referred to in that section, BC may demand immediate payment of your Outstanding Loan Balance in full. If a demand is made under this section, your Outstanding Loan Balance becomes immediately due and payable in full on the day after the demand is made. c) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), or at any time you do not meet the requirements for Financial Assistance under the BCSAP, you may no longer be eligible for Financial Assistance under the BCSAP, including further BC Student Loans or BC Student Grants, assistance under debt management programs. Nothing in the MSFAA-BC limits the rights of BC to deny or terminate Financial Assistance at any time under the BCSAP. Note that if you become bankrupt or insolvent or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, you may no longer be eligible for Financial Assistance. d) If you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for nine (9) consecutive months, and if a demand has not already been made under section D.9 (b), your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. e) Subject to any applicable repayment assistance agreement or agreement to alter payment terms, if you become bankrupt or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, any principal or interest that accrued prior to and during that proceeding and that remain owing 30 days after the Trustee’s discharge, are payable immediately. If you fail to pay any accrued principal and interest within 30 days of the Trustee’s discharge your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. f) Upon your Outstanding Loan Balance becoming due and payable in full under section D.9 (b),

Denial, termination and immediate repayment. a) Your Outstanding Loan Balance will be delinquent if you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BCMSFAA (PT)-BC, and that failure continues without you having made payment in full of the overdue loan payment for two (2) consecutive months. b) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 D.9 (a)) of the MSFAA (PT)-BC, and if you have not made payment in full of your overdue loan payment referred to in that section, BC may demand immediate payment of your Outstanding Loan Balance in full. If a demand is made under this section, your Outstanding Loan Balance becomes immediately due and payable in full on the day after the demand is made. c) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 D.9 (a), or at any time you do not meet ) of the requirements for Financial Assistance under the BCSAPMSFAA (PT)-BC, you may no longer be eligible for Financial Assistance under the BCSAP, including further BC B.C. Student Loans or BC Student B.C. Access Grants, assistance under debt management programs. Nothing in the MSFAA-BC MSFAA (PT)-BC limits the rights of BC to deny or terminate Financial Assistance at any time under the BCSAP. Note that if you become bankrupt or insolvent or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, you may no longer be eligible for Financial Assistance. d) If you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BCMSFAA (PT)-BC, and that failure continues without you having made payment in full of the overdue loan payment for nine (9) consecutive months, and if a demand has not already been made under section D.9 (b)) of the MSFAA (PT)-BC, your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. e) Subject to any applicable repayment assistance agreement or agreement to alter payment terms, if you become bankrupt or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, any principal or interest that accrued prior to and during that proceeding and that remain owing 30 days after the Trustee’s discharge, are payable immediately. If you fail to pay any accrued principal and interest within 30 days of the Trustee’s discharge your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. f) Upon your Outstanding Loan Balance becoming due and payable in full under section D.9 (b),, (d) or (e) of the MSFAA (PT)-BC, BC may transfer collection of your Outstanding Loan Balance to any B.C. Collection Agent. g) Nothing in sections D.9 (b), (c), (d) or (e) of the MSFAA (PT)-BC limits BC’s right to pursue any remedy or any other action available to BC at law or in equity. h) If your Outstanding Loan Balance becomes delinquent, as per section D.9 (a) of the MSFAA (PT)-BC, it will not cause any outstanding loan balance you have under the MSFAA to also become delinquent.

Denial, termination and immediate repayment. a) Your Outstanding Loan Balance will be delinquent if you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the this MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for two (2) consecutive months. b) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), and if you have not made payment in full of your overdue loan payment referred to in that section, BC may demand immediate payment of your Outstanding Loan Balance in full. If a demand is made under this section, your Outstanding Loan Balance becomes immediately due and payable in full on the day after the demand is made. c) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), or at any time you do not meet the requirements for Financial Assistance under the BCSAP, you may no longer be eligible for Financial Assistance under the BCSAP, including further BC B.C. Student Loans or BC B.C. Student Grants, assistance under debt management programs. Nothing in the this MSFAA-BC limits the rights of BC to deny or terminate Financial Assistance at any time under the BCSAP. Note that if you become bankrupt or insolvent or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, you may no longer be eligible for Financial Assistance. d) If you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the this MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for nine (9) consecutive months, and if a demand has not already been made under section D.9 (b), your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. e) Subject to any applicable repayment assistance agreement or agreement to alter payment terms, if you become bankrupt or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, any principal or interest that accrued prior to and during that proceeding and that remain owing 30 days after the Trustee’s discharge, are payable immediately. If you fail to pay any accrued principal and interest within 30 days of the Trustee’s discharge your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. f) Upon your Outstanding Loan Balance becoming due and payable in full under section D.9 (b),

Denial, termination and immediate repayment. a) Your Outstanding Loan Balance will be delinquent if you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the this MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for two (2) consecutive months. b) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), and if you have not made payment in full of your overdue loan payment referred to in that section, BC may demand immediate payment of your Outstanding Loan Balance in full. If a demand is made under this section, your Outstanding Loan Balance becomes immediately due and payable in full on the day after the demand is made. c) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), or at any time you do not meet the requirements for Financial Assistance under the BCSAP, you may no longer be eligible for Financial Assistance under the BCSAP, including further BC Student Loans or BC Student Grants, assistance under debt management programs. Nothing in the this MSFAA-BC limits the rights of BC to deny or terminate Financial Assistance at any time under the BCSAP. Note that if you become bankrupt or insolvent or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, you may no longer be eligible for Financial Assistance. d) If you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the this MSFAA-BC, and that failure continues without you having made payment in full of the overdue loan payment for nine (9) consecutive months, and if a demand has not already been made under section D.9 (b), your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. e) Subject to any applicable repayment assistance agreement or agreement to alter payment terms, if you become bankrupt or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, any principal or interest that accrued prior to and during that proceeding and that remain owing 30 days after the Trustee’s discharge, are payable immediately. If you fail to pay any accrued principal and interest within 30 days of the Trustee’s discharge your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. f) Upon your Outstanding Loan Balance becoming due and payable in full under section D.9 (b),

Denial, termination and immediate repayment. a) Your Outstanding Loan Balance will be delinquent if you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BCMSFAA (PT)-BC, and that failure continues without you having made payment in full of the overdue loan payment for two (2) consecutive months. b) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a)) of the MSFAA (PT)-BC, and if you have not made payment in full of your overdue loan payment referred to in that section, BC may demand immediate payment of your Outstanding Loan Balance in full. If a demand is made under this section, your Outstanding Loan Balance becomes immediately due and payable in full on the day after the demand is made. c) At any time after your Outstanding Loan Balance becomes delinquent, as per section D.9 (a), or at any time you do not meet ) of the requirements for Financial Assistance under the BCSAPMSFAA (PT)-BC, you may no longer be eligible for Financial Assistance under the BCSAP, including further BC B.C. Student Loans or BC Student B.C. Access Grants, assistance under debt management programs. Nothing in the MSFAA-BC MSFAA (PT)-BC limits the rights of BC to deny or terminate Financial Assistance at any time under the BCSAP. Note that if you become bankrupt or insolvent or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, you may no longer be eligible for Financial Assistance. d) If you fail to make a regularly scheduled loan payment by the Loan Payment Due Date in accordance with the payment terms of the MSFAA-BCMSFAA (PT)-BC, and that failure continues without you having made payment in full of the overdue loan payment for nine (9) consecutive months, and if a demand has not already been made under section D.9 (b)) of the MSFAA (PT)-BC, your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. e) Subject to any applicable repayment assistance agreement or agreement to alter payment terms, if you become bankrupt or take advantage of or are the subject of any bankruptcy or insolvency-related proceeding, any principal or interest that accrued prior to and during that proceeding and that remain owing 30 days after the Trustee’s discharge, are payable immediately. If you fail to pay any accrued principal and interest within 30 days of the Trustee’s discharge your Outstanding Loan Balance becomes immediately due and payable in full on the day thereafter. f) Upon your Outstanding Loan Balance becoming due and payable in full under section D.9 (b),