Common use of WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS (DEFAULT) Clause in Contracts

WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS (DEFAULT). (a) EVENTS OF DEFAULT: You will be in default of this Agreement and the total amount of the Unpaid Balance will become immediately due and payable if: (i) You fail to make any payment by its due date; or (ii) You provide false or misleading information to Us or commit fraud at anytime; or (iii) You breach any terms of this Agreement, including by taking any action to prevent Us from notifying Your employer and/or enforcing the wage deduction authority; or (iv) You become deceased, or insolvent or apply for bankruptcy or other relief from creditors; or (v) We reasonably believe that repayment of Our Loan is at risk.

Appears in 8 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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