UNFORESEEN HARDSHIP Sample Clauses

UNFORESEEN HARDSHIP. 11.1 If the Member is unable reasonably to meet the conditions of this Agreement or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, the Member can apply to the Credit Union for an unforeseen hardship variation
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UNFORESEEN HARDSHIP i. It is recognised by the parties to this Agreement that the agreed salary increases place a significant and long term, financial commitment on the employer. It is further recognised that there may be unforeseen events or circumstances beyond the control of the employer which may, at some stage during the life of this Agreement, seriously impact on the employer's ability to pass on the salary increases outlined in this Agreement.
Sample 1
UNFORESEEN HARDSHIP. If a cardmember/account holder is unable reasonably to keep up their payments or other obligations because of change in their personal circumstances, they must let the Bank know immediately. The statutory hardship regime under the Credit Contracts and Consumer Finance Act 2003 provides you with a statutory right to apply to the Bank for certain variations to be made to your credit contract if you meet certain criteria, namely: ⮚ you have suffered hardship that you could not reasonably have seen coming, such as illness or injury, loss of employment, the end of a relationship, or death of a de facto partner, civil union partner or spouse. ‘End of relationship’ includes spouses or civil union partners living apart or separating, a marriage or civil union being dissolved, de facto partners no longer being in a de facto relationship, one spouse or partner endangering the relationship property or seriously diminishing its value, or a spouse or partner being an undischarged bankrupt; ⮚ as a result of that hardship, you cannot reasonably meet your payment obligations under the credit contract; and ⮚ you believe that you would be able to meet your repayment obligations if the contract was changed. You cannot make an application in circumstances where you are in default of your obligations to make payment under the contract, and in relation to that default: ⮚ have been for two or more weeks after receiving a repossession warning notice or notice under section 119 of the Property Law Act 2007; ⮚ have failed to make four or more consecutive periodic payments by the due dates; or ⮚ have been in default for two or more months. (However, any application can be made once you have remedied the relevant default). A hardship application also cannot be made: ⮚ within four months of a previous application, unless ICBC NZ agrees to consider the application in a shorter timeframe, or the grounds for seeking a change to the credit contract are materially different from the grounds given in the previous application; or ⮚ where the inability to meet repayment obligations was reasonably foreseeable to you at the time of making the contract. Please refer to our website (xxx.xxxxxx.xxx) for more details on how to make a Hardship Application and what information you will need to provide in support of your application.
Sample 1
UNFORESEEN HARDSHIP. Section 55 of the Credit Contracts and Consumer Finance Act grants you certain rights in the event of unforeseen hardship.
Sample 1
UNFORESEEN HARDSHIP.  The Credit Contracts and Consumer Finance Act 2003 gives Borrowers under a consumer credit contract the right to apply for changes to be made to their contract where they have suffered an “unforeseen hardship”. Where the Borrower, in terms of the Credit Contracts and Consumer Finance Act 2003, is unable reasonably, because of illness, injury, loss of employment, the end of a relationship or other reasonable cause, to meet their obligations under this Agreement then the Borrower may apply to the Lender to change this Agreement in one of the manners set out in Section 56 of the Credit Contracts and Consumer Finance Act 2003. The Borrower must reasonably expect to be able to discharge his or her obligations if the terms of this Agreement were changed in that manner. The Borrower may not make such an application if:
Sample 1
UNFORESEEN HARDSHIP. If your SBS Unwind Loan Agreement is a consumer credit contract and you are unable to meet your obligations under your Loan because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, and you reasonably expect that you could meet those obligations if your Loan were changed in the ways prescribed by the Act, you will need to: • make your application in writing; • explain your reason(s) for the application; • request a postponement of the date(s) on which any payment is due under your Loan; and • give the application to us. You should do this as soon as possible. If you leave it for too long, we may not have to consider your application by law (but may choose to do so, at our discretion). If you are unable to pay any fees, charges or other outgoings in relation to your Loan or the Mortgaged Property, including where your Credit Limit is insufficient to capitalise (add) these expenses to your Loan, please contact us to discuss as soon as possible. We may, in our discretion, agree to adjust your Credit Limit to allow for payment of these expenses. If you require assistance with the payment of additional expenses which arise as a result of a Repayment Event such as legal expenses and funeral costs (where you are unable to fund these expenses under your Loan), we may (in our discretion) agree to pay these expenses on your behalf and deduct the total sum from any Protected Equity Amount.
Sample 1

Related to UNFORESEEN HARDSHIP

  • Hardship In the event the Investor sells the Company's Common Stock pursuant to subsection (c) above and the Company fails to perform its obligations as mandated in Section 2.5 and 2.2 (c), and specifically fails to provide the Investor with the shares of Common Stock for the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

  • Medical Emergency A medical condition which manifests itself by acute symptoms of sufficient severity (including severe pain) such that a prudent layperson, who possesses an average knowledge of health and medicine, could reasonably expect the absence of immediate attention to result in 1) placing the health of the individual (or with respect to a pregnant woman, the health of the woman or her unborn child) in serious jeopardy; 2) serious impairment to bodily functions; or 3) serious dysfunction of any bodily organ or part. Examples of a medical emergency are severe pain, suspected heart attacks and fractures. Examples of a non- medical emergency are minor cuts and scrapes. Medically Necessary and Medical Necessity Services a physician, exercising prudent clinical judgment, would use with a patient to prevent, evaluate, diagnose or treat an illness or injury or its symptoms. These services must:  Agree with generally accepted standards of medical practice  Be clinically appropriate in type, frequency, extent, site and duration., They must also be considered effective for the patient’s illness, injury or disease  Not be mostly for the convenience of the patient, physician, or other healthcare provider. They do not cost more than another service or series of services that are at least as likely to produce equivalent therapeutic or diagnostic results for the diagnosis or treatment of that patient’s illness, injury or disease. For these purposes, “generally accepted standards of medical practice” means standards that are based on credible scientific evidence published in peer reviewed medical literature. This published evidence is recognized by the relevant medical community, physician specialty society recommendations and the views of physicians practicing in relevant clinical areas and any other relevant factors. Member Any person covered under this plan. Mental Condition A condition that is listed in the most recent edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM). This does not include conditions and treatments for chemical dependency. Mental Health Services Medically necessary outpatient and inpatient services provided to treat mental conditions. State and federal law require that the copays and coinsurance for mental health services will be no more than the copays and coinsurance for medical and surgical services. Prescription drugs for mental conditions are covered under the same terms and conditions as other prescription drugs covered under this plan.

  • Unforeseen Circumstances Contractor is not responsible for any delay caused by natural disaster, war, civil disturbance, labor dispute or other cause beyond Contractor's reasonable control, provided Contractor gives written notice to County of the cause of the delay within 10 days of the start of the delay.

  • Hardship Leave The Agency will allow employees to make irrevocable donations of accumulated vacation leave to a co-worker who has exhausted accumulated leave while recuperating from an extended illness or injury or attending an immediate family member suffering from illness or injury. Hardship leave donations will be administered under the following stipulations and the terms of this Agreement shall be strictly enforced with no exceptions.

  • National Emergency In cases of national emergency, the Contractor must maintain and support certain systems/ functions considered mission essential. In this event, the Government may require that certain essential personnel report for duty or, may provide support on an on-call or as-needed basis.

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