Default Fees Sample Clauses

Default Fees. If you do not make payments when due BMW will charge you:

Default Fees. In the event of a breach of this Agreement or on enforcement of this Agreement, the following default fees may be payable: • A Default Fee of $13.95 may be payable to us if a scheduled repayment is returned unpaid. You must also pay any dishonour fee charged by your bank; • A Final Notice Fee of $15.00 may be payable to us if we need to write to you providing notice that your loan is in default and enforcement action may commence; • Collection fees imposed by a third party we engage to recover outstanding amounts; and • any other expense we, or a third party we have engaged, reasonably incurs in connection with your breach, or the enforcement of this Agreement including legal fees and court costs incurred on a full indemnity basis. We will not take a security interest over any of your property to secure your obligations under this Agreement. You must give notice that you intend to cancel within 7 working days of entering into this agreement. Saturdays, Sundays, and national public holidays are not working days. • giving notice to us or one of our employees or agents; or • posting the notice to us or an agent of ours; or • emailing the notice to our email address If you cancel the contract, we can charge you the amount of any reasonable expenses we had to pay in connection with the contract and its cancellation, and interest for the period from the day you received the advance until the day you repay the advance. If you are unable to reasonably keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to the creditor for a hardship variation. To apply for a hardship variation, you need to: • make an application in writing; and • explain your reason(s) for the application; and • request one of the following: o an extension of the term of the contract (which will reduce the amount of each payment due under the contract); or

Default Fees. Default fees in the amount of Five Hundred Dollars ($500) paid by borrowers will be payable to the Manager in its capacity as Servicer.

Default Fees. Without limiting the City’s other rights and remedies under this Master License, the City may require Licensee to pay Additional Fees for the City’s administrative costs in providing notice or performing inspections for the events described below (each, a “Default Fee”), by giving notice of the City’s demand that Licensee cure the default and specifying the cure period. The Default Fee for the initial notice from the City will be due and payable to the City 10 days after delivery of notice to Licensee. In addition, if Licensee fails to cure the condition within the cure period set forth in the initial notice, and the City then delivers to Licensee a follow-up notice requesting compliance, then the Default Fee for the follow-up notice will be due and payable to the City 10 days after delivery of the follow-up notice to Licensee. Default Fees will apply to any of the following events: (a) Licensee constructs or installs any alteration or improvement without the City’s prior approval as required by Article 6 (Pole License Approvals), Article 7 (Installation of Equipment), or Article 8 (Alterations) of this Master License. (b) Licensee fails to make a repair required by Article 10 (Licensee’s Maintenance and Repair Obligations) on a timely basis. (c) Licensee fails to notify the City, through its project manager, before accessing the License Area or following the plan approval procedures as set forth in Article 7 (Installation of Equipment). (d) Licensee fails to provide evidence of the required bonds and insurance coverage described in Article 19 (Insurance) on a timely basis.

Default Fees. Without limiting the City’s other rights and remedies under this Master License, the City may require Licensee to pay Additional Fees for the City’s administrative costs in providing notice or performing inspections for the events described below (each, a “Default Fee”), by giving notice of the City’s demand that Licensee cure the default and specifying the cure period. The Default Fee for the initial notice from the City will be due and payable to the City 10 days after delivery of notice to Licensee. In addition, if Licensee fails to cure the condition within the cure period set forth in the initial notice, and the City then delivers to Licensee a follow-up notice requesting compliance, then the Default Fee for the follow-up notice will be due and payable to the City 10 days after delivery of the follow-up notice to Licensee. Default Fees will apply to any of the following events: 17.2.4.1 Licensee constructs or installs any alteration or improvement without the City’s prior approval as required by Article 6 (Pole License Approvals), Article 7 (Installation of Equipment), or Article 8 (Alterations) of this Master License. 17.2.4.2 Licensee fails to make a repair required by Article 10 (Licensee’s Maintenance and Repair Obligations) on a timely basis. 17.2.4.3 Licensee fails to notify the City, through its project manager, before accessing the License Area or following the plan approval procedures as set forth in Article 7 (Installation of Equipment). 17.2.4.4 Licensee fails to provide evidence of the required bonds and insurance coverage described in Article 19 (Insurance) on a timely basis.

Default Fees. In addition to all other rights and remedies available to the City, the City may require Licensee to pay an additional fee for any and all actual costs incurred by the City in connection with a default event to reimburse the City’s administrative cost to enforce compliance with this License (each a “Default Fee”). Licensee shall pay the Default Fee within 30 days after the City’s written demand for reimbursement and reasonable documentation to support such costs. If Licensee fails to timely pay the Default Fee or cure the underlying default within the applicable cure period, the City shall have the right (but not the obligation) to send Licensee a follow-up notice and demand for an additional Default Fee that will be due and payable within 10 days. Licensee’s obligation to pay Default Fees is separate and distinct from the underlying default. Default Fee payments shall not be deemed to cure the underlying default.

Default Fees. If you don’t keep to this agreement or if another default event occurs, you may need to pay default fees (our current default fees are outlined below as at the date of disclosure). We may vary these fees and charges at any time (but we will only do so on reasonable grounds and in accordance with applicable law). All default fees and charges are charged to your account at the time the relevant fee or charge is incurred. If you do not pay any default fees when they are charged to your account, they will become part of your unpaid principal balance and an overdue amount on which default interest may be charged. Late Payment Fee Charged to your account each time you are more than two days late in paying an amount that is due and on a weekly/fortnightly or monthly basis for the period while the amount is overdue (to cover the additional cost of administering your account while payments are overdue). Payment Plan Late Fee A reduced late fee charged to your account when you have a payment plan in place instead of the late fee described above. This fee is incurred each time you are more than two days late in paying an amount due under a payment plan (to cover the additional cost of administering your account when payments are overdue). Door Knock Fee $35.00 Charged to your account each time we are reasonably required to visit you to discuss an event of default (to cover the cost of the visit). Other Repossession Fees: locksmith, storage, disposal costs, repossession agents. Actual Cost Charged to your account when reasonably incurred as a result of a default event. You must give notice that you intend to cancel this loan agreement within: (a) 5 working days of receipt, if this loan agreement is handed to you in person; (b) 7 working days of the date this loan agreement is emailed to you; or (c) 9 working days of the date this loan agreement is posted to you. Saturdays, Sundays and public holidays are not counted as working days. If you want to cancel this agreement, you must let us know in writing by: • Giving notice to us or one of our employees in person at the office of Limelight Financial Services Limited • Posting notice to us at PO Box 204365, Highbrook, Manukau 2161 • Emailing notice to us at ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ If you cancel this agreement, we can charge you: a) The amount of any reasonable expenses we had to pay in connection with this agreement and its cancellation (including legal fees and fees for credit reports, etc); and b) Interest for the p...

Default Fees. You agree to pay the default fees set out in the Loan Disclosure Statement on the dates and in the amounts set out in the Loan Disclosure Statement.

Default Fees. If the Customer breaches a Transaction Document or enforcement action is taken under a Transaction Document, the Customer will, upon demand by the Creditor, pay to the Creditor default fees at the rates and times specified under the “Default Fees” heading in the “What could happen if you fail to meet your commitments” section of the Principal Terms of the relevant Facility Agreement.