REQUIREMENT TO REPAY FOR FAILURE TO COMPLETE THE SERVICE OBLIGATION Sample Clauses

REQUIREMENT TO REPAY FOR FAILURE TO COMPLETE THE SERVICE OBLIGATION. In addition to your obligation to repay your CyberCorps® SFS Scholarship if you fail to comply with certain Scholarship program requirements (see Section A.5), you will be subject to Scholarship Repayment if you do not complete, and submit required documentation to prove, the qualified employment within the five-year time limit required by this agreement (see Sections A.3 & A.4). The repayment amount (i.e., the total amount of your Scholarship award(s)) may be reduced based on time already served to fulfill the employment obligation, as explained in the definition of Scholarship Repayment (see above). As noted in Section A.4, you must verify your employment no later than 30 days after beginning such employment, and then annually upon completing each year of such employment. See A.8 below (annual notice). In addition, during the Commitment Phase, approximately 90 days before you are required to begin your approved employment, and approximately 90 days before your Commitment Phase is scheduled to expire, if you have not provided verifiable documentation of your approved employment, you will be notified by the SFS Program Office. These notifications will provide the date by which you must submit verifiable documentation showing that you are satisfying your service obligation, if that documentation has not already been received by the SFS Program Office. If that documentation has not been received and you have not obtained a deferral or a waiver (discharge) by the date provided in the notification, you will be immediately subject to the Scholarship Repayment. See Section A.6 above and A.9 below for further details on requesting a deferral or waiver (discharge) of that obligation.
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REQUIREMENT TO REPAY FOR FAILURE TO COMPLETE THE SERVICE OBLIGATION. Any TEACH Grant that you received will be converted to a Direct Unsubsidized Loan that you must repay in full to the Department (with interest charged from the date of each TEACH Grant disbursement) if— • You ask us to convert your TEACH Xxxxx to a loan because you have decided not to teach, or you have decided not to teach in a low-income school or in a high-need field, or for any other reason; or • You do not begin or do not maintain qualifying teaching within a timeframe that would allow you to complete your required four years of teaching within the 8-year service obligation period. Approximately 90 days before your TEACH Grants would be converted to Direct Unsubsidized Loans because you have not begun or maintained qualifying teaching service within a timeframe that would allow you to complete your required four years of teaching within the 8-year service obligation period, your TEACH Grant servicer will notify you of the date by which you must provide documentation showing that you are satisfying your service obligation to avoid having your grants converted to loans. It is important to remember that if your TEACH Grants are converted to a Direct Unsubsidized Loan, you will be charged interest going back to the date of each disbursement of your TEACH Grants. If you receive a TEACH Xxxxx, but later decide (for any reason) that you no longer intend to satisfy your service obligation, you can avoid further accrual of interest by asking us to convert your TEACH Grants to loans that you can start repaying immediately, instead of waiting for your grants to be converted because you no longer have enough time to complete your service obligation within the 8-year service obligation period. This can save you a lot of money in interest costs. If your TEACH Grants are converted to a Direct Unsubsidized Loan, you will be required to complete a loan conversion counseling session that we provide. Loan conversion counseling will provide you with important information about the terms and conditions of your Direct Unsubsidized Loan that was converted from a TEACH Grant. Example 16 shows how a TEACH Xxxxx will be converted to a loan if you run out of time to complete your 4-year service obligation within the 8-year service obligation period.
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Related to REQUIREMENT TO REPAY FOR FAILURE TO COMPLETE THE SERVICE OBLIGATION

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not properly complete a transaction to or from Your Account according to this Agreement, We will be liable for Your losses or damages. However, We will not be liable if: (a) Your Account does not contain enough available funds to make the transaction through no fault of Ours; (b) the ATM where You are making the transfer does not have enough cash; (c) the terminal was not working properly and You knew about the breakdown when You started the transaction; (d) circumstances beyond Our control prevent the transaction despite reasonable precautions that We have taken; (e) Your Card is retrieved or retained by an ATM;

  • OUR LIABILITY FOR FAILURE TO STOP PAYMENT If You order Us to place a stop payment on one of Your pre-authorized payments 3 business days or more before the transfer is scheduled, and We do not do so, We will be liable for losses or damages, to the extent provided by law. TRANSACTION SLIPS. Except for mail-in transactions and certain small-value transactions, You can get a receipt at the time You make any transaction to or from Your Account through the use of Your Card. When an electronic fund transfer has been made during any given month, You will receive a monthly statement to reflect all electronic fund transfers to or from Your Account during that statement period. In any case, You will receive a statement at least quarterly. FEES. We may assess reasonable charges against Your Account for transactions performed at electronic terminals. If so, We will specify any charges for these or other types of electronic transactions, including automatic transfers, on an accompanying pricing document. We will explain the charges to You when You open Your Account. You will be provided with a fee schedule, and other specified information after Your Account is established. Additional fee schedules are available at any of Our office locations. When You use an ATM not owned by Us, You may be charged a fee by the ATM operator, or any network used, and You may be charged a fee for a balance inquiry even if You do not complete a fund transfer.

  • Our Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will NOT be liable for instance: * If, through no fault of ours, you do not have enough money in your account to make the transfer. * If the money in your account is subject to legal process or other claim restricting such transfer. * If the transfer would go over the credit limit on your overdraft line. * If the ATM where you are making the transfer does not have enough cash. * If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. * If circumstances beyond our control (such as fire or flood) prevent the transaction, despite reasonable precautions that we have taken. In Case of Errors or Questions About Your Electronic Transfers. Telephone us at (000) 000-0000, or write us at R BANK,0000 X Xxxx Xxxxxx Xxxx, Xxxxx Xxxx, XX 00000 as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than sixty days after we sent the FIRST statement on which the problem or error appeared. * Tell us your name and account number (if any). * Describe the error or the transfer you are unsure about and explain as clearly as you can why you believe it is an error or why you need more information. * Tell us the dollar amount of the suspected error. * If you tell us orally, we may request that you send us your complaint or question in writing within ten (10) business days. We will determine whether an error occurred within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your account within ten business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your account. If a notice of error involves an electronic fund transfer that occurred within thirty (30) days after the first deposit to the account was made, the error involves a new account. For errors involving new accounts, point ofsale debit card transactions, or foreign-initiated transactions, we may take up to ninety (90) days to investigate your complaint or question. For new accounts, we may take up to twenty (20) business days to credit your account for the amount you think is in error. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

  • Our Liability for Failing to Make Transfers If we do not complete a transaction to or from the Card on time or in the correct amount according to our Agreement with you, we may be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • EVENTS CONSTITUTING MATERIAL BREACH OF AGREEMENT The Applicant shall be in Material Breach of this Agreement if it commits one or more of the following acts or omissions (each a “Material Breach”):

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