Common use of Treatment of Indebtedness Clause in Contracts

Treatment of Indebtedness. a. Resident acknowledges that failure to satisfy the financial obligations of this License Agreement may, to the maximum extent permitted by law, result in the following: • Imposition of a late fee, in accordance with the fee schedule • The cancellation, suspension, or termination of components of Resident’s meal plan • Temporary removal of internet access and/or cable access • Lock change • Placing a negative service indicator on Resident’s account, • Termination of the Agreement • Eviction • Offset of paychecks, loans, grants or scholarship payable through the University, and/or income tax refunds or rebates • Legal action to collect unpaid obligations