Financial Difficulties. If the Borrower shall be involved in financial difficulties as evidenced.
(a) by its admission in writing of its inability to pay its debts generally as they become due or of its ceasing to be Solvent;
(b) by its filing a petition in bankruptcy or for reorganization or for the adoption of an arrangement under the U.S. Bankruptcy Code (as now or in the future amended) or any similar law regarding debtors' rights and remedies or an admission seeking the relief therein provided;
(c) by its making a general assignment for the benefit of its creditors;
(d) by its consenting to the appointment of a receiver for all or a substantial part of its property;
(e) by its being adjudicated a bankrupt;
(f) by the entry of a court order appointing a receiver or trustee for all or a substantial part of its property without its consent, which order shall not be vacated, set aside or stayed within ninety (90) days from the date of entry; or
(g) by the assumption of custody or sequestration by a court of competent jurisdiction of all or substantially all of its property, which custody or sequestration shall not be suspended or terminated within 60 days from its inception; or
Financial Difficulties. 24.1 If you are experiencing financial difficulties, you should tell us as soon as possible by emailing xxxxxxxxxxxxxx@xxxx.xx.xx or coming to the Student Finance office, open from 9am-1pm, Monday-Friday. We will always seek to be sympathetic and understanding of individual student financial circumstances.
24.2 If you are having difficulty paying library fines and/or charges you should contact the library or email XxxxxxxxXxxxxxxx@xxxx.xx.xx.
24.3 Wherever possible, our Student Finance Team will work with you to agree an acceptable repayment plan. We will consider your individual circumstances and any supporting documentation you provide. If you do not keep up with payments under a repayment plan the debt will immediately become payable in full.
24.4 If you do not agree with the debt, you should email xxxxxxxxxxxxxx@xxxx.xx.xx as soon as possible. If the dispute is not resolved, you can complain under the Student Complaints Policy and Procedure available from the Latest Policies web page. We will not apply sanctions or take action to recover the debt while we deal with your complaint.
Financial Difficulties. The Annuitant may withdraw from the Account an amount up to the lesser of the amount determined by the following Formula and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m), 20.2(1)(e) or 20.3(1)(m) of the Regulation, if the following conditions are met,
(i) the Annuitant certifies that he has not made a withdrawal in the calendar year under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m), 20.2(1)(e) or 20.3(1)(m) of the Regulation, other than within the last 30 days before this certification,
(ii) in the event that the value of M in the following Formula is greater than zero,
(A) the Annuitant certifies that the he expects to make expenditures on medical or disability-related treatment or adaptive technology for the calendar year in excess of 20% of the Annuitant’s total expected income for that calendar year determined in accordance with the Income Tax Act, excluding withdrawals in the calendar year under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m), 20.2(1)(e) or 20.3(1)(m) of the Regulation, and
(B) a physician certifies that such medical or disability-related treatment or adaptive technology is required, and
(iii) the Annuitant gives to the Trustee a copy of Form 1 and Form 2 of Schedule V of the Regulation. where M is the total amount of the expenditures that the Annuitant expects to make on medical or disability-related treatment or adaptive technology for the calendar year, and N is the greater of zero and the amount determined by the following formula: where P is 50% of the Year’s Maximum Pensionable Earnings, and Q is two thirds of the Annuitant’s total expected income for the calendar year determined in accordance with the Income Tax Act, excluding withdrawals in the calendar year under paragraph 20(1)(d), 20.1(1)(m), 20.2(1)(e) or 20.3(1)(m) of the Regulation.
Financial Difficulties. Financial difficulties of any Credit Party as evidenced by:
(i) any admission in writing of inability to pay debts as they become due; or
(ii) the filing of a voluntary, or sixty (60) days after a filing of an involuntary, petition in bankruptcy, or under any chapters of the Bankruptcy Code, or under any federal or state statute providing for the relief of debtors unless, in the case of the filing of an involuntary petition, it is dismissed within such sixty (60) day period; or
(iii) making an assignment for the benefit of creditors; or
(iv) consenting to the appointment of a trustee or receiver for all or a major part of any of its property; or
(v) the entry of a court order appointing a receiver or a trustee for all or a major part of its property which is not bonded, discharged or stayed within sixty (60) days;
(vi) the occurrence of any event, action, or transaction that could give rise to a lien or encumbrance on the assets of any Credit Party as a result of application of relevant provisions of ERISA; or
(vii) the occurrence of any Forfeiture Action.
Financial Difficulties. You must contact us if you cannot pay us in full by the due date. If you are in financial difficulties, please contact us as soon as possible so we can help you.
Financial Difficulties. 26.1 If you are experiencing financial difficulties, you should tell us as soon as possible. We will always seek to be understanding of your financial circumstances. If you are having difficulty paying library fines and/or charges you should contact the library Help Zone, call the library on +00 (0)0000 000000 or email XxxxxxxXxxxxxx@xxxxxxxxxxx.xx.xx. If you are having difficulty paying any other debts to BU contact our Finance helpline on +00 (0)0000 000000 or email xxxx@xxxxxxxxxxx.xx.xx.
26.2 Wherever possible, our finance team will work with you to agree an acceptable repayment plan. We will consider your individual circumstances and any supporting documentation you provide. The decision is at the discretion of the Finance Director and/or a delegated officer. If you disagree with the outcome, you may complain under the Student Complaints Policy and Procedure (see paragraph 15). If you do not keep up payments under a repayment plan the debt will immediately become payable in full.
26.3 You can find information on financial support for students suffering financial hardship: • For UK and EU students, at xxx.xxxxxxxxxxx.xx.xx/ ug-funding-support • For international students, at www.bournemouth. xx.xx/xxx-xxxxxxx-xxxxxxx • By contacting AskBU: visit them at The Base, Talbot Campus, telephone +00 (0)0000 000000 or email xxxxx@xxxxxxxxxxx.xx.xx • By contacting SUBU Advice (+00 (0)0000 000000 or email xxxxxxxxxx@xxxxxxxxxxx.xx.xx).
26.4 If you do not agree with the debt, you should contact the Finance helpline on +00 (0)0000 000000 or email xxxx@xxxxxxxxxxx.xx.xx as soon as possible. If the dispute is not resolved, you can complain under the Student Complaints Policy and Procedure (see paragraph 15). We will not apply sanctions or take action to recover the debt while we deal with your complaint.
26.5 If you do not pay any fees or charges on time, we may also take steps to recover the debt under our debt management procedure. We may refer debts to external solicitors and/or debt collection agencies who will take steps to recover the debt. The steps taken may include taking court action to recover the debt. If we take action to recover the debt, you may have to pay interest and additional costs of the action, such as debt collection agency fees, search fees and legal fees.
Financial Difficulties. If Borrower shall be involved in financial difficulties as evidenced.
(a) by its admission in writing of its inability to pay its debts generally as they become due or of its ceasing to be Solvent;
(b) by its commencing a voluntary case under the United States Bankruptcy Code or any similar law regarding debtor's rights and remedies or an admission seeking the relief therein provided;
(c) by its making a general assignment for the benefit of its creditors; or
(d) by its voluntarily liquidating or terminating operations or applying for or consenting to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of such Person or of all or of a substantial part of its assets; or
Financial Difficulties. Either party may terminate this Agreement effective immediately upon written notice to the other party if the other party files a voluntary petition in bankruptcy or otherwise seeks protection under any law for the protection of debtors; has a proceeding instituted against it under any provision of the bankruptcy laws which is not dismissed within sixty (60) days; is adjudged to be bankrupt; has a court assume jurisdiction of its assets under a reorganization act; has a trustee or receiver appointed by a court for all or a substantial portion of its assets; becomes insolvent, suspends or ceases to do business; makes an assignment of all or a substantial portion of its assets for the benefit of its creditors; or admits in writing its inability to pay its debts as they become due.
Financial Difficulties. If your financial circumstances should change at any time, and you wish to adjust your repayment, please do not hesitate to contact our Customer Service on +000000000000.
Financial Difficulties. Either Party will have the right to terminate this Agreement immediately upon written notice to the other Party, if that other Party becomes involved in financial difficulties as evidenced:
(i) by its commencement of a voluntary case under any applicable bankruptcy code or statute, or by its authorizing, by appropriate proceedings, the commencement of such a voluntary case;
(ii) by its failing to receive dismissal of any involuntary case under any applicable bankruptcy code or statute within ninety (90) days after initiation of such action or petition;
(iii) by its seeking relief as a debtor under any applicable law of any jurisdiction relating to the liquidation or reorganization of debtors or to the modification or alteration of the rights of creditors, or by consenting to or acquiescing in such relief;
(iv) by the entry of an order by a court of competent jurisdiction finding it to be bankrupt or insolvent, or ordering or approving its liquidation, reorganization, or any modification or alteration of the rights of its creditors or assuming custody of, or appointing a receiver or other custodian for, all or a substantial part of its property or assets; or
(v) by its making as assignment for the benefit of, or entering into a composition with, its creditors, or appointing or consenting to the appointment of a receiver or other custodian for all or a substantial part of its property. The failure by a Party to exercise its right to terminate this Agreement pursuant to this Section 3.2 in the event of any occurrence giving rise thereto will not constitute waiver of the rights in the event of any subsequent occurrence.
