Common use of Our Rights in the Event of Default Clause in Contracts

Our Rights in the Event of Default. If you are in Default under this Agreement, we may, at our option and as permitted by law (including your right to cure) do any one or more of the following: (i) declare your entire Account balance immediately due and payable and proceed to collect it; (ii) close your Account; (iii) lower your Credit Limit; (iv) exercise all other rights, powers, and remedies given by law; and (v) recover from you all charges, costs and expenses, including all collection costs and reasonable attorney's fees incurred or paid by us in exercising any right, power or remedy provided by law or this Agreement. To the extent permitted by law, you waive any defense you may have against the Bank.

Our Rights in the Event of Default. If you are in Default under this Agreement, we may, at our option and as permitted by law (including your right to cure) do any one or more of the following: (i) declare your entire Account balance Debt immediately due and payable and proceed to collect it; (ii) close your Varo Line of Credit Account; (iii) lower your Credit Limit; (iv) exercise all other rights, powers, and remedies given by law; and (v) recover from you all charges, costs and expenses, including all collection costs and reasonable attorney's fees incurred or paid by us in exercising any right, power or remedy provided by law or this Agreement. To the extent permitted by law, you waive any defense you may have against the Bank.