Common use of Unsatisfied Financial Obligations Clause in Contracts

Unsatisfied Financial Obligations. In addition to being a material breach of this Agreement under Section 6 above, unsatisfied financial obligations of Responsible Parties under this Agreement will also result in Pacific withholding from Student all University services including, without limitation, instruction, scheduling, registration, grades, transcripts, and diplomas until Student’s account has been settled. If Responsible Parties fail to make payments necessary to satisfy any outstanding balance, the account will be turned over to an outside collection agency. Responsible Parties agree to be responsible for all collection costs and reasonable attorney fees and costs associated with the collection of any outstanding financial obligations. Available excess balances in student housing or dining accounts may be used to offset other financial obligations to Pacific.

Appears in 4 contracts

Samples: Student Housing Agreement, Student Housing Agreement, Student Housing Agreement

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