Payment Plan Agreement definition
Examples of Payment Plan Agreement in a sentence
This Payment Plan Agreement may only be established by the named person on this case.
Owner acknowledges that this Payment Plan Agreement only concerns the payment of amounts owed to the Association by Owner as of the effective date of this Payment Plan Agreement and shall not apply to any amounts that may be assessed or become due after such effective date (“Future Assessments”).
Owner further acknowledges that if Owner materially breaches the Payment Plan Agreement, Owner shall be ineligible to enter into a new payment plan for amounts owed to the Association for two years from the date of Owner’s default of this Payment Plan Agreement.
Owner further agrees to pay the Association such additional costs of collection incurred by it and that such costs of collection shall be added to and included within the Accumulated Assessment Delinquency that must be paid by Owner to the Association under this Payment Plan Agreement.
Payment is due per the schedule outlined in the Installment Payment Plan Agreement.
I agree to abide by the Terms and Conditions of the Payment Plan Agreement if I choose to enroll.
Owner further acknowledges that this Payment Plan Agreement does not excuse Owner from paying any and all Future Assessments and Owner agrees to pay all Future Assessments at such time.
You will be contacted by the Tuition Administration Committee regarding a Payment Plan Agreement once assistance has been awarded.
Upon acceleration of the remaining unpaid Accumulated Assessment Delinquency, Owner also acknowledges and agrees that he or she shall be considered in default of the Payment Plan Agreement until he or she pays the full amount of the Accumulated Assessment Delinquency to the Association (the “Payment Plan Default Period”).
In such an event, any remaining unpaid amount of the Accumulated Assessment Delinquency to be paid under this Payment Plan Agreement shall automatically be accelerated, without any further notice from the Association or right to cure.