Common use of Failure to Pay Sums Due Clause in Contracts

Failure to Pay Sums Due. Resident understands and agrees that University may apply any sum that would otherwise be returned to Resident under this Agreement to any amounts past-due by Resident to Provider or 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 Provider 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 up to the maximum allowed by law.