Common use of Treatment of Indebtedness Clause in Contracts

Treatment of Indebtedness. a) Failure of Licensee to satisfy the financial obligations of this License may result in the following: i) Imposition of late fees, in accordance with the fee schedule ii) Suspension of Dining Plan services, without compensation iii) Revocation of the License iv) Eviction v) Withholding of University services pursuant to Title 5, California Code of Regulations §§42380-42381, which includes, but is not limited to, withholding official transcripts, denial of registration, and/or withholding of services and use of facilities vi) Offset of paychecks, loans, grants, or scholarships payable through the University, and/or State income tax refunds or rebates vii) Notice of default to credit bureau organizations viii) Payment for costs for attorney fees and other reasonable collection costs and charges accrued during the collection of said amounts ix) Legal action to collect unpaid obligations. b) By signing this License, Licensee agrees that the Housing and Dining Plan fees are an extension of credit for living expenses and are considered to be an educational debt.