Common use of UNFORESEEN HARDSHIP Clause in Contracts

UNFORESEEN HARDSHIP. 11.1 If the Member is unable to reasonably keep up with the payments 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 a hardship variation. 11.2 To apply for a hardship variation, the Member must send to the Credit Union a written request which explains the Member’s reasons for the application. 11.3 The Member should make this application as soon as the Member becomes aware of any unforeseen hardship. 11.4 The Credit Union will acknowledge receipt of hardship applications within 5 working days and make a decision on the hardship application within 20 working days.

Appears in 2 contracts

Samples: Flexi Cash Facility Agreement, Flexi Cash Facility Agreement

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UNFORESEEN HARDSHIP. 11.1 If the Member is unable to reasonably keep up with meet the payments 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 a an unforeseen hardship variation. 11.2 To apply for a an unforeseen hardship variation, the Member must send to the Credit Union a written request which explains the Member’s reasons for the application. 11.3 The Member should make this application as soon as the Member becomes aware of any unforeseen hardship. 11.4 The Credit Union will acknowledge receipt of hardship applications within 5 working days and make a decision on the hardship application within 20 working days.

Appears in 1 contract

Samples: Overdraft Facility Agreement

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UNFORESEEN HARDSHIP. 11.1 If the Member is unable to reasonably keep up with meet the payments 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 a an unforeseen hardship variation. 11.2 To apply for a an unforeseen hardship variation, the Member must send to the Credit Union a written request which explains the Member’s reasons for the application. 11.3 The Member should make this application as soon as the Member becomes aware of any unforeseen hardship. 11.4 The Credit Union will acknowledge receipt of hardship applications within 5 working days and make a decision on the hardship application within 20 working days.

Appears in 1 contract

Samples: Overdraft Facility Agreement

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