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.
Appears in 2 contracts
Sources: Credit Sale Agreement, Credit Sale Agreement