Common use of Failure to Pay Fees Clause in Contracts

Failure to Pay Fees. The undersigned Student understands that failure to satisfy his/her financial obligations may result in penalties, including, but not limited to course schedule and housing contract cancellation, room forfeiture, eviction, the withholding of registration, late/cancellation fees, referral to collection agency, and/or the refusal to issue transcripts or diploma. The Student understands and agrees that he/she shall reimburse Valdosta State University for all costs incurred by Valdosta State University (or any entity acting on Valdosta State University's behalf) in any action for collection of sums due hereunder, including, but not limited to, court costs, collection agency fees, attorney's fees, interest fees and any other related fees. Failure of Valdosta State University to enforce or pursue any of its rights hereunder shall not act as a waiver of that right or any other right to later exercise any right or enforce any remedy which it may have at law and/or equity. Resident understands and agrees that University may apply any sum that would otherwise be returned to Resident under this Contract to any amounts past-due by Resident to Valdosta State University; provided, in the case of refunds governed by Title IV of the Higher Education Act of 1965 (as amended), the amount of the refund will not be applied to amounts otherwise owed to Valdosta State University or University. Past-due accounts may also be referred for collection. Resident agrees to reimburse Provider the fees of any collection agency, which may be based upon a percentage of the amount owed by Resident at a maximum of 33.3% of the amount owed and all costs and expenses of collection, including reasonable attorneys’ fees Provider incurs in any collection efforts.

Failure to Pay Fees. The undersigned Student understands that failure to satisfy his/her financial obligations may result in penalties, including, but not limited to course schedule and housing contract cancellation, room forfeiture, eviction, the withholding of registration, late/cancellation fees, referral to collection agency, and/or the refusal to issue transcripts or diploma. The Student understands and agrees that he/she shall reimburse Valdosta Xxxxxxx State University for all costs incurred by Valdosta Xxxxxxx State University (or any entity acting on Valdosta Xxxxxxx State University's behalf) in any action for collection of sums due hereunder, including, but not limited to, court costs, collection agency fees, attorney's fees, interest fees and any other related fees. Failure of Valdosta Xxxxxxx State University to enforce or pursue any of its rights hereunder shall not act as a waiver of that right or any other right to later exercise any right or enforce any remedy which it may have at law and/or equity. Resident understands and agrees that University may apply any sum that would otherwise be returned to Resident under this Contract to any amounts past-due by Resident to Valdosta Xxxxxxx State University; provided, in the case of refunds governed by Title IV of the Higher Education Act of 1965 (as amended), the amount of the refund will not be applied to amounts otherwise owed to Valdosta Xxxxxxx State University or University. Past-due accounts may also be referred for collection. Resident agrees to reimburse Provider the fees of any collection agency, which may be based upon a percentage of the amount owed by Resident at a maximum of 33.3% of the amount owed and all costs and expenses of collection, including reasonable attorneys’ fees Provider incurs in any collection efforts.